Specialty Programs

Condo Loan Programs at NOLA Lending Group

Invest, Relax or Call Your Condo Home

Buying a condominium is a smart choice for many, offering the benefits of homeownership with less maintenance. At NOLA Lending Group, we specialize in condo loan programs tailored to meet your unique needs, whether you're purchasing a primary residence, a vacation getaway, or an investment property.

Contact us today to learn more about our home loan programs and how we can assist with your condo purchase. Let NOLA Lending Group show you why we’re the trusted name in mortgage loans.

• Flexible Condo Loan Program Information

  Our condominium financing options are designed to help you achieve your homeownership goals. This loan product is for individuals seeking to purchase a vacation home in a condominium property with rental income potential. We offer financing solutions for:

  • New or newly constructed condos
  • Established condominiums
  • Condotel units
  • Detached condos
  • 2-4 unit properties

  With a range of options, NOLA Lending Group ensures you have the right mortgage loan to suit your financial situation.

• Why Choose NOLA Lending Group for Your Condo Loan?

  As experienced mortgage lenders, we understand the complexities of condo loan programs. Whether you’re a first-time buyer or looking for an investment opportunity, we simplify the mortgage process and help you secure the perfect loan.

  Our team guides you through every step of the process, offering:

  • Competitive mortgage rates tailored to your budget.
  • Flexible financing terms to fit your lifestyle.
  • A deep understanding of condominium financing requirements, including HOA guidelines and insurance considerations.

Manufactured Home Loan Programs with NOLA Lending Group/h2>

Flexible Financing for Permanently Affixed Manufactured Homes

At NOLA Lending Group, we make owning your dream home possible with specialized manufactured home loan options. Whether you're purchasing or refinancing, our team of experienced mortgage lenders is here to help you secure affordable manufactured home financing tailored to your needs.

• What is a Manufactured Home?

  A manufactured home is a transportable structure, built in one or more sections, designed to be used as a dwelling when connected to essential utilities, such as plumbing, heating, air conditioning, and electrical systems. These homes are designed and constructed according to the federal Manufactured Home Construction and Safety Standards (MHCSS) and are identified by an affixed HUD Certification Label.

• Eligibility for Manufactured Home Financing

  Our manufactured housing program provides financing for homes built on or after June 15, 1976, that are permanently affixed to a foundation and classified as real property.

  Eligible financing programs include:

  • Fannie Mae
  • Freddie Mac
  • Federal Housing Administration (FHA)

  Ideal Client:
  1. Homebuyers seeking a more affordable alternative to traditional site-built homes.
  2. Low Down Payments

  Eligible Property Types:
  One-unit, multi-wide dwelling classified as real property.

  Ineligible Property Types:
  Singlewide mobile homes do not qualify under this program.

• Why Choose NOLA Lending Group to Finance Your Manufactured Home?

  NOLA Lending Group is a trusted name in mortgage lending, simplifying the process for first-time and seasoned homebuyers alike. We offer competitive rates, flexible terms, and personalized service to help you achieve your homeownership goals.

  Contact your local NOLA Lending Loan Officer today to learn more about our manufactured housing program or to see if you qualify. Let NOLA Lending Group guide you on your journey to homeownership. For more requirements or to see if you qualify contact your NOLA Lending Loan Officer today.

Temporary Mortgage Buydown Program with NOLA Lending Group

At NOLA Lending Group, we understand that buying a home is a big commitment. Our Temporary Mortgage Buydown Program is designed to help ease your financial burden in the early years of your mortgage loan. By temporarily reducing your interest rate, you can enjoy lower monthly payments and save on total interest over the life of your mortgage. This program is an ideal solution for homeowners who want to transition into their full mortgage payment with greater ease.

• What is a Temporary Buydown Program?

  A temporary buydown is a type of mortgage loan where the interest rate is reduced for a set period—typically the first one to three years. After the temporary reduction period ends, you will revert to your full mortgage payment based on your original interest rate. This flexible option can be tailored to your financial situation and provide immediate relief in the early years of homeownership.

• Benefits of the Temporary Buydown Program

  • Lower Monthly Payments: Enjoy reduced monthly payments during the temporary rate reduction period, helping you ease into your full mortgage payment.
  • Less Total Interest: By lowering your interest rate temporarily, you can save money on the total interest paid over the life of your mortgage, compared to a traditional fixed-rate loan.
  • Flexible Home Financing: Our temporary buydown options provide you with flexibility, allowing you to tailor your mortgage to meet your financial goals.

• Types of Temporary Buydown Programs

  1-0 (1 year)

  • Year 1: Interest rate is reduced by 1%
  • Year 2 & Beyond: Full Note rate

  2-1 (2 years)

  • Year 1: Interest rate is reduced by 2%
  • Year 2: Interest rate is reduced by 1%
  • Year 3: Full Note rate

  1-1 (2 years)

  • Year 1 & 2: Interest rate is reduced by 1%
  • Year 3 & Beyond: Full Note rate

  3-2-1 (3 years)

  • Year 1: Interest rate is reduced by 3%
  • Year 2: Interest rate is reduced by 2%
  • Year 3: Interest rate is reduced by 1%

  Year 4 & Beyond

  • Full Note rate