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21st Century Mortgage


A Mortgage is a document that contains the details of an agreement between two parties. One of which is a borrower and the other party is a lender. The Agreement will include information like, Loan amount, Time period of the loan, Interest and the collateral on the loan which is normally the property being bought. A mortgage broker is generally a person or company whose expertise lies in the field of mortgage laws, properties available for sale, and loan procedures. They provide these services to clients for a fee which is usually a percentage of the loan or property amount.
 
21st Mortgage commenced operations in 1995 and specializes in providing financing to manufactured home buyers. The company originates and services loans in 48 states, predominately in the Southeast and Southwest. Loans are originated through relationships with manufactured home retailer organizations, direct mail solicitation, and referrals from brokers. 21st Mortgage offers conforming loan products through FHA, Fannie Mae, Freddie Mac, and other conforming lenders. 21st Mortgage also makes loans directly to manufactured home owners who are buying a manufactured home or refinancing a home they already own. The Company is a nationwide mortgage company with its home office in Knoxville, Tennessee.
 
21st Century Mortgage are a FHA and FNMA approved seller, service and originator of conventional loans. They focus on the manufactured housing segment of the mortgage market and sometimes place mortgages through other lenders, but primarily originate mortgages for own portfolio. They are currently servicing in excess of $1 billion. The Company’s goals have been to provide the best customer service in the industry. Initially, 21st Mortgage provided financing for American Homestar dealerships in Texas. They now work with American Homestar, Nobility, Solitaire Homes, and other major retailers not owned by Clayton Homes. Keeping service uppermost in mind, and with the financial backing of Berkshire Hathaway, 21st Mortgage now ranks as the largest provider of financing for manufactured home buyers.
 
21st Century Mortgage believes a mortgage is a promise, one that can build a solid and trusting relationship for the term of your loan. They are dedicated to providing excellent service to their customers, striving to earn repeated business referrals from their many satisfied mortgage applicants. The Company believes a mortgage is the most rewarding investment made over a lifetime of important financial decisions.

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