Gulf Gate, Inc.

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Frequently Asked Questions-

We try to anticipate questions you might have about our PRODUCT / SERVICE and provide the answers here. If you need additional information please feel free to call us or send email mbenitez@gulfgatehousing.com .
1.

What is a Modular Home?


2.

Do I need good credit to buy a home?

While your credit is a major component on purchasing a home, we at Gulf Gate believe that home ownership is one of the greatest American dreams we would like to achieve, therefore we have built up a relationship with local and nationwide lenders to provide financing for your the home that your deserve. We also provide customers with 2nd chance financing as well as owner financing on certain homes....


3.

Do you require a huge down payment?

The average down payment required by the bank is between 3% to 5% down .Certain programs allow for you to use your land in lieu of a down payment and therefore requires no money down.


4.

Do I need to own property to buy a house.

Absolutely not. You can choose to put your home in a mobile home community where you pay a fee to rent the lot for an extended period of time. You can place the home on a relatives property, of course, with thier permission. You can find mobile home parks in your local newspapers or the yellow pages in the phone book.


5.

What is credit?

A partial profile of your financial life given within a particular time frame (usually measured in years). It shows the extent to which you pay your bills on time and how much you may owe particular parties.
www.free-credit-report-free-credit-report.net/credit_glossary.htm