Frequently Asked Questions

How do I apply?

The ‘Apply Now’ button will take you to the log in page where you will need to register with your email address.  Once your online application is completed you will receive a follow up email/text (depending on your registration selection) with any requests for additional details needed to complete your loan review and the status of the application.

How does Tammac Holdings Corporation protect my personal information?

We take your privacy seriously and we have in place measures to protect your personal information. Your application and the subsequent trailing document uploads are encrypted for transmission and kept secure on our servers.

Who can I call if I have questions regarding the online application?

Please call 1-888-226-8929 and ask for an Underwriter.

Do you offer pre-approvals for a specific loan amount?

No. All applications are required to have specific home details (year, manufacturer name and home dimensions) as well as the property address and the specific sale price and down payment amount.

What is the oldest mobile home that you will finance?

We require the model year to be 1976 or newer and the home must have a HUD Certification Label attached to the exterior.

What is the minimum size home you will finance?

Our minimum size home is a 14 X 60 or 840 square feet. We do not include the hitch as part of the minimum size. The hitch size average is 4 feet.

Do you require the home to be on a permanent foundation?

No. We allow financing for manufactured/mobile homes in communities/parks, rented or leased private land or on owned or family land. Foundation requirements are based on the local building codes for the type of land the home will be situated on. Questions should be directed with your local code enforcement officer.

What are your Homeowners Insurance requirements?

We require full replacement coverage homeowner’s insurance as well as flood coverage (if it is determined the home will be located in a Special Flood Hazard Area) listing Tammac Holdings Corporation ISAOA as the loss payee. We can obtain quotes for insurance for homes that are in areas that we cover and are 20 years old or newer by contacting us. Please keep in mind you are able to select the insurer of your choice and are not required to use our referral company for your insurance needs.

Who will organize and manage the loan closing?

Chattel Loans (home only), the Manufactured Home Retailer (Dealer), Realtor and/or Tammac District Manager will manage the closing. A notary is required for some forms so arrangements must be made accordingly. Stipulations for all loans must be cleared prior to the loan package being released.

Can the mobile home be purchased through a Manufactured Home Retailer (Dealer), private sale or sale of a home currently financed with Tammac Holdings Corporation?

We finance homes for all the above instances. Manufactured Home Retailers (Dealers) must be approved partners before applications can be accepted. For private sales we will need the name, address and contact information for the seller(s). If there is a current sales agreement for the home it should be sent to us with the application.

How long does it take to close a loan with Tammac Holdings Corporation?

Chattel loans the timeline is generally 4-6 weeks. For Real Estate Secured loans the timeline is generally 6-12 weeks. The quicker the loan stipulations are returned to us the faster the closing can take place. Please make sure to read your approval letter carefully and return all documents assigned to you in a prompt and complete manner to keep the process moving.

How much are your closing fees?

Closing fees will vary depending on the type of loan you are applying for as well as the area you are purchasing the home in. All loan approval letters will contain an estimate of the settlement charges. Specific questions can be directed to our Underwriting Staff at the contact information contained on our web page once the details of your loan request have been supplied.

Does Tammac Holdings Corporation require a survey?

Tammac Holdings Corporation does require a survey for Real Estate Secured Loans (Resale and Construction) only. The surveyor can be chosen by the borrower and must be paid for outside of closing. A placement survey is required for resale and for construction loans. A foundation survey is required for construction loans.

Does Tammac Holdings Corporation require escrow?

Yes. We require escrow for taxes and insurance on both Chattel and Real Estate Secured loans where applicable. If a subject property is assessed taxes for the home (or home and land) such as County Tax, City/Borough/Township Taxes, School Taxes as well as annual fees for hazard and flood insurance Tammac will generate an escrow account for payments of these bills.

Need to Speak with Us?

Do you have a question for us that’s not listed above? No worries, we’re happy to help answer any questions you have regarding our services. Please feel free to call us during regular business hours, 8:30 – 5:00 pm EST Monday through Friday, and we’ll do our best to help you however possible.

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