Lewis/Klein Properties and 21st Mortgage Offer New Homes and Innovative Financing

Program Provides Mortgage Payment Assistance to Buyers with Less-Than-Perfect Credit

2012-10-05

FARMINGTON HILLS, MI, October 05, 2012 (Press-News.org) Lewis/Klein Properties - owner and operator of Michigan's leading land lease communities - is partnering with 21st Mortgage Company and Clayton Homes to offer new manufactured homes and affordable financing to area home buyers.

Buyers with credit scores of 575 and above can purchase a new home with a low down payment and a fixed-rate mortgage. They also will be eligible to receive mortgage payment assistance, with Lewis/Klein contributing a portion of the regular site rental payments toward early payoff of the home buyer's mortgage. This assistance could total as much as 50% of the entire mortgage after only five years.

According to Mark Lewis, one of Lewis/Klein's principals, "The goal is to make home ownership in our communities attractive and affordable for more people, and to help them build equity faster. What we're offering is a new home purchase and financing opportunity that is unlike anything else available."

The new home buying/financing program is ideal for:
o Renters who can own their own home for less than they're paying to rent
o Former home owners who want to re-enter the marketplace
o Those looking to rebuild their credit
o Buyers who want to build equity fast
o Anyone who wants to enjoy the benefits of living in one of Lewis/Klein's locally-owned communities

Lewis/Klein currently has a large selection of new, energy-efficient, two-to-four bedroom homes built by Giles Industries (a Clayton Homes subsidiary) available for purchase under this new program. They also can custom-order a new Giles home to meet a home buyer's specific space needs, design preferences and other requirements.

More information about Lewis/Klein's new homes is available at http://www.lewisklein.com, or at (734) 931.6141.

Media Contact: Mark Lewis, Lewis/Klein Properties, markl@lewisklein.com, (248) 785.0801.

Lewis/Klein is one of Michigan's leading land lease community owners and operators with manufactured homes communities in Chelsea, Charlevoix, Brownstown, Saline and Newport. The company's five communities offer amenities and lifestyles for a range of home buyers. Currently, Lewis/Klein communities are home to more than 800 owners.

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Lewis/Klein Properties and 21st Mortgage Offer New Homes and Innovative Financing

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