21st Street Mortgage: Your Guide To Manufactured Home Loans

Dorian Ondricka 24 Jun 2025

Introduction to 21st Mortgage Corporation
Who is 21st Mortgage Corporation? Specializing in Manufactured Homes
Navigating Loan Options with 21st Mortgage
- New vs. Used Manufactured Homes: Foundation or Not?
- Understanding Minimum Loan Amounts
Licensing and Regulatory Compliance
Understanding Fees and Interest Rates: What to Expect
- Origination and Credit Fees Explained
- Comparing Rates: Why Shopping Around Matters
The 21st Mortgage Loan Application Process
Connecting with 21st Mortgage: Customer Service and Payments
- Key Contact Information and Addresses
A Legacy of Innovation: 21st Mortgage's Journey Since 1995
21st Mortgage Corporation: Answering Your Questions
Conclusion: Is 21st Mortgage Right for Your Homeownership Journey?

Introduction to 21st Mortgage Corporation

Are you considering a manufactured or mobile home and exploring financing options? Then understanding "21st Street Mortgage" – more accurately known as 21st Mortgage Corporation – is crucial for your journey. This specialized lender has carved out a significant niche in the housing market, focusing exclusively on a segment often overlooked by traditional banks. Their unique approach to financing offers a distinct path to homeownership for many individuals and families.

For those seeking to purchase a new or used manufactured home, whether it's destined for a permanent foundation or not, 21st Mortgage Corporation presents a dedicated solution. This comprehensive guide will delve deep into what makes this lender unique, from its specific loan products and application process to its fee structure and customer service channels, ensuring you have all the necessary information to make an informed financial decision. Navigating the complexities of home financing requires reliable, in-depth information, and this article aims to provide just that, helping you understand if 21st Mortgage is the right partner for your homeownership aspirations.

Who is 21st Mortgage Corporation? Specializing in Manufactured Homes

In the vast landscape of mortgage lending, few institutions dedicate themselves so singularly to a specific housing type as 21st Mortgage Corporation. While many conventional lenders shy away from manufactured and mobile homes due to perceived risks or lack of familiarity, 21st Mortgage has made this segment their core business. This specialization is not merely a preference; it's a fundamental aspect of how 21st Mortgage works differently from its peers.

21st Mortgage Corporation is a lender that specializes in manufactured home and mobile home loans. This means that if your dream home is a factory-built dwelling, whether it's a mobile home or a more modern manufactured home, 21st Mortgage is designed to meet your financing needs. Their expertise in this niche allows them to offer tailored solutions that might be difficult to find elsewhere. They understand the unique characteristics of these homes, from their construction and titling to their placement on land, which gives them an edge in assessing and underwriting these specific types of loans.

Their focus extends beyond just the initial purchase. 21st Mortgage provides a range of loan products designed to cover various scenarios related to manufactured homes, including:

Home Only Loans: For those purchasing a manufactured home without the land it sits on.
Land Home Loans: Combining the financing for both the manufactured home and the land it will be placed upon.
Purchase Loans: Standard financing for buying a new or used manufactured home.
Refinance Loans: Allowing existing manufactured home owners to adjust their loan terms, potentially lowering payments or interest rates.
Cash Out Refinance: For homeowners looking to tap into their home's equity for other financial needs.

This comprehensive suite of products underscores their commitment to serving the manufactured and mobile home community, making them a go-to resource for specialized financing. When you consider the unique challenges and opportunities associated with manufactured housing, having a lender like 21st Mortgage Corporation, with its deep-seated expertise, can be an invaluable asset.

Navigating Loan Options with 21st Mortgage

Understanding the specific types of loans offered by 21st Mortgage Corporation is key to determining if their services align with your homeownership goals. Their product offerings are tailored to the nuances of manufactured and mobile homes, providing flexibility that conventional lenders often cannot.

New vs. Used Manufactured Homes: Foundation or Not?

One of the significant advantages of working with 21st Mortgage is their flexibility regarding the age and placement of the home. With 21st Mortgage, you can buy new or used manufactured homes with or without a permanent foundation. This distinction is critical in the manufactured housing market. Many traditional lenders require a home to be permanently affixed to real estate to qualify for conventional mortgage financing. 21st Mortgage, however, recognizes that many manufactured and mobile homes are not placed on permanent foundations, particularly in mobile home parks or leased land situations.

This flexibility opens doors for a broader range of buyers. Whether you're looking for a brand-new, state-of-the-art manufactured home to be placed on land you own, or a pre-owned mobile home that will reside in a community, 21st Mortgage has financing solutions. This adaptability makes them a vital resource for individuals whose housing needs fall outside the traditional stick-built home paradigm.

Understanding Minimum Loan Amounts

While 21st Mortgage offers a wide array of financing options, it's important to be aware of their minimum loan requirements. This helps potential borrowers understand the scope of their services. If you’re buying from a dealer or an existing 21st Mortgage customer, the minimum loan amount is $16,000. This threshold is important for several reasons:

It indicates that 21st Mortgage is equipped to handle smaller loan amounts, which is common for some used mobile homes.
It helps buyers understand if their desired home's price point will qualify for financing through 21st Mortgage.
It suggests a focus on accessibility for a wider range of manufactured home purchases, including those that might be less expensive than traditional housing.

Knowing this minimum can help you streamline your search and ensure you're looking at homes that fall within the financing parameters of 21st Mortgage. This specific detail highlights their commitment to the manufactured housing market, catering to transactions that might not meet the minimums of larger, more generalized lenders.

Licensing and Regulatory Compliance

When dealing with financial institutions, especially those involved in significant life purchases like a home, verifying their legitimacy and compliance with regulatory bodies is paramount. 21st Mortgage Corporation operates under strict guidelines to ensure consumer protection and ethical lending practices.

For instance, in California, a state with robust consumer protection laws, 21st Mortgage Corporation is officially recognized and regulated. The provided data states: "Licensed by the Department of Financial Protection and Innovation under the California Residential Mortgage Lending Act." This licensing is a crucial indicator of trustworthiness and adherence to legal standards. It means that the company has met specific requirements set forth by the state to operate as a mortgage lender, offering a layer of security and accountability for borrowers in California.

This commitment to licensing and compliance across various states where they operate underscores their dedication to being a reputable and reliable financial partner. Borrowers can take comfort in knowing that 21st Mortgage is subject to oversight by state financial authorities, which helps ensure fair practices and consumer safeguards are in place. This adherence to regulatory frameworks is a cornerstone of building trust, especially in the YMYL (Your Money or Your Life) domain of financial services.

Understanding Fees and Interest Rates: What to Expect

Transparency in fees and interest rates is a critical component of responsible lending. While 21st Mortgage Corporation offers specialized financing solutions, it's essential for potential borrowers to understand the associated costs and how they compare to the broader market.

Origination and Credit Fees Explained

Like most lenders, 21st Mortgage Corporation charges certain fees for its services. According to the provided data, "21st Mortgage Corporation charges fees for origination, credit." Understanding what these fees entail is important for budgeting and comparing loan offers:

Origination Fees: This is a fee charged by the lender for processing a new loan application. It covers the administrative costs of creating the loan, including underwriting, processing, and funding the loan. It's typically expressed as a percentage of the loan amount.
Credit Fees: These fees are associated with obtaining and reviewing your credit report and score. They cover the cost incurred by the lender to assess your creditworthiness, which is a crucial step in determining your eligibility and interest rate.

These fees are standard in the lending industry, but their specific amounts can vary significantly between lenders. It's always advisable to ask for a detailed breakdown of all fees when you receive a loan estimate, ensuring you have a complete picture of the total cost of your loan from 21st Mortgage.

Comparing Rates: Why Shopping Around Matters

While 21st Mortgage provides a vital service for manufactured home financing, it's also important to be aware of their interest rate structure. The data states: "However, 21st Mortgage’s rates can be high, so shopping around and comparing your loan options is a good idea." This is a crucial piece of advice for any borrower, especially in the YMYL context of mortgage lending.

Higher rates can significantly impact the total cost of your loan over its lifetime. This is particularly true for manufactured home loans, which sometimes carry higher interest rates than traditional stick-built home mortgages due to perceived differences in depreciation or collateral. Therefore, while 21st Mortgage is a specialist, exploring all available avenues is a financially prudent step.

The data further suggests: "Depending on the home you’re interested in, you may qualify for a conventional mortgage or even an FHA loan at a more competitive rate." This highlights the importance of due diligence:

Conventional Mortgages: If your manufactured home meets specific criteria (e.g., permanently affixed to land, meets FHA/VA standards), a conventional lender might offer a lower rate.
FHA Loans: The Federal Housing Administration (FHA) insures loans for manufactured homes that meet certain safety and quality standards, often allowing for lower down payments and more competitive interest rates, even for those with less-than-perfect credit.

Always obtain quotes from multiple lenders, including 21st Mortgage Corporation, and compare the Annual Percentage Rate (APR), which includes both the interest rate and certain fees, to get the most accurate comparison. This diligent approach ensures you secure the most favorable terms for your manufactured home loan.

The 21st Mortgage Loan Application Process

Understanding how to apply for a loan with 21st Mortgage Corporation is essential for prospective borrowers. The process might differ from what you expect from a traditional mortgage lender, particularly regarding initial qualification steps.

The data points out a key aspect of their application process: "21st Mortgage has no prequalification option, so there." This means that unlike many conventional lenders who offer a pre-qualification step to give you an estimate of how much you might be able to borrow without a hard credit pull, 21st Mortgage does not. For applicants, this implies a more direct approach to the loan application.

When you decide to apply for a 21st Mortgage loan, you will likely move straight into the full application process, which will involve a hard inquiry on your credit report. This is an important consideration for your credit score. Therefore, before initiating an application, it's advisable to:

Have a clear understanding of your credit score and financial standing.
Be prepared with all necessary documentation, such as income verification, employment history, and details about the manufactured home you intend to purchase.
Be ready to commit to the application process, as there isn't a preliminary step to gauge eligibility without impacting your credit.

To get started, the general advice is to "Get help with financing your manufactured home or modular home, and request a quick rate quote today!" While there's no prequalification, you can still inquire about rates and discuss your specific situation with their loan officers to understand what might be available to you before submitting a full application. This direct engagement can help you gather the information you need to proceed confidently with 21st Mortgage.

Connecting with 21st Mortgage: Customer Service and Payments

Effective customer service and clear channels for payments and documentation are hallmarks of a trustworthy financial institution. 21st Mortgage Corporation provides several avenues for customers to manage their loans and get assistance.

Key Contact Information and Addresses

For various needs, 21st Mortgage offers specific contact points. This ensures that inquiries are directed to the appropriate department, leading to more efficient resolution.

For general customer service inquiries, including questions about your loan, account details, or assistance with financing your manufactured home:

Customer Service: 620 Market Street, Suite 100, Knoxville, TN 37902

When it comes to making payments, there are distinct addresses for processing mail-in payments:

21st Mortgage Payment Processing: P.O. Box 477, Knoxville, TN 37901 (Attention: 21st Mortgage Payment Processing)
Alternatively, for physical payments or specific correspondence related to payments: 620 Market Street, Knoxville, TN 37902 (Attention: 21st Mortgage Payment Processing)

For requests concerning specific loan documentation, such as payoff statements, releases, or other critical paperwork, the process is streamlined:

Requests for payoff statements, releases, and other documentation specific to these programs can be submitted to: 14002 East 21st Street, Suite 300, Tulsa, OK 74134 (This address is also associated with a fax number, indicating a channel for quick document submission).

It's important to note that while 21st Mortgage strives to be responsive, the data also mentions: "Please keep in mind that it is not a financial institution’s responsibility to ensure all posts and questions are answered." This typically refers to unofficial public forums or social media, emphasizing that official communication channels (like those listed above) are the most reliable for critical inquiries and transactions. Always use the official contact information provided by 21st Mortgage for any sensitive financial matters.

A Legacy of Innovation: 21st Mortgage's Journey Since 1995

The longevity and evolution of a company often speak volumes about its reliability and adaptability. 21st Mortgage Corporation has a significant history in the manufactured housing finance sector, establishing itself as a key player over nearly three decades.

Since opening its doors in 1995, 21st has been a market leader in providing innovative loan. This statement highlights not just their presence but their proactive role in shaping the manufactured home lending landscape. Being a "market leader" implies a commitment to understanding the evolving needs of manufactured home buyers and developing financial products that meet those needs. "Innovative loan" solutions suggest that they have been at the forefront of creating flexible and accessible financing options, especially for a housing type that often faces unique challenges in traditional lending markets.

This long-standing presence and dedication to innovation contribute significantly to their authority and trustworthiness within the industry. Their experience since 1995 means they have navigated various economic cycles and market shifts, accumulating a wealth of knowledge and expertise in manufactured home financing. This historical perspective provides a strong foundation for their current operations and their ability to serve a diverse range of customers looking for a 21st Street Mortgage solution for their homeownership dreams.

21st Mortgage Corporation: Answering Your Questions

For many potential borrowers, a dedicated resource for frequently asked questions can be incredibly helpful. 21st Mortgage Corporation recognizes this need and provides a structured way for individuals to find answers to common inquiries.

The data mentions: "21st Mortgage Corporation Q&A (30 questions) get answers to your questions about 21st Mortgage Corporation below." While the actual Q&A content isn't provided here, the existence of such a resource indicates a commitment to transparency and customer education. A comprehensive Q&A section typically covers a wide range of topics, including:

Eligibility requirements for different loan types.
Details about the application process and required documentation.
Information on interest rates, fees, and repayment terms.
Guidance on managing an existing loan, including payment options and payoff requests.
Specifics about manufactured home types they finance (new, used, with/without land).

Accessing such a resource directly from 21st Mortgage Corporation's official channels is an excellent first step for anyone considering their services. It allows prospective borrowers to gain a foundational understanding of their offerings and processes before engaging directly with a loan officer. This proactive approach to information dissemination enhances the trustworthiness of the institution and empowers consumers to make more informed decisions about their manufactured home financing.

Conclusion: Is 21st Mortgage Right for Your Homeownership Journey?

Navigating the path to homeownership, especially with a manufactured or mobile home, requires specialized knowledge and a trusted financial partner. 21st Mortgage Corporation, often searched as "21st Street Mortgage" due to its operational addresses, has established itself as a dedicated leader in this niche since 1995. Their focus solely on manufactured and mobile home loans—covering everything from new purchases with land to used homes without permanent foundations, and offering various refinance options—makes them a unique and valuable resource.

While they provide essential financing for a segment often underserved by traditional lenders, it's crucial for prospective borrowers to approach 21st Mortgage with a full understanding of their offerings. Remember that 21st Mortgage Corporation charges fees for origination and credit, and their rates can be higher than conventional or FHA loans. Therefore, the advice to shop around and compare options remains paramount. Understanding their no-prequalification policy and utilizing their official contact channels for customer service and payment processing will ensure a smoother experience.

Ultimately, if you are looking to finance a manufactured or mobile home, 21st Mortgage Corporation offers a specialized solution tailored to your needs. By leveraging the information provided in this guide, asking detailed questions, and comparing their offerings with other potential lenders, you can make an informed decision that aligns with your financial goals and brings you closer to owning your manufactured home. Explore their official resources, request a quick rate quote, and take the next step towards your homeownership dream today!

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