Budget Finance Company also specializes in dealing with the unique requirements of a wide range of collateral property types. If your property is one of the types listed below, we may be able to help you secure a mortgage using the property as collateral.

Single Family Residence: Owner occupied 1-4 units. Either attached or un-attached.
Single Family Residence w/2nd Unit: Owner occupied with an additional unit on the same tax lot.
Condominium: Borrower(s) collectively own a common portion or real property and own an undividied interest in the housing unit the borrower(s) occupy.
Co-Op Housing: Loan is secured by the borrower(s) stock ownership in the cooperative.
Historical Single Family Residence: Residences designated as hisorical and must be preserved in their original form.
Geodesic Home (Dome Home): These particular homes are unlike other conventionally built homes; are specially constructed and assembled on the owners property.
Log Home: Most are constructed from pre-made kits and are in rural or semi-rural areas-and assembled on a permanent foundation on the owner’s property.
Manufactured Home: Built in a factory, in sections, and delived to a building site where the wheels are removed. Conforms to Federal building code rather than local ordinances and building codes.
Mobile Home w/Vehicular Title: Mobile homes, generally not on a permanent foundation. Like other vehicles are titled by the Department of Motor Vehicles.
Mixed-use: Property is used for commercial purposes (store front offices/retail) and residences (apartments)
Modular Home: Constructed in a factory and transported to a building site. Construction conforms to all local ordinances and building codes.
Rural Property: Including residental property situated on acerage greater the 5 acres. Most conventional lenders will not consider the value of a home on more than 5 acres.
Second Home: Second homes
Townhouse: A home attached to one or more homes, the home sits on real property which is owned by the borrower.
Legal Non-Conforming Home: A legal non-conforming use is a use or structure which was legally established according to the applicable zoning and building laws of the time, but which does not meet current zoning and building regulations
Sub-Standard Property: A home or a portion of the building which has been dertermined by local governing authorities to be unsafe and a danger to occupants.
Vacant Land to Aquisition or Refinance: The land will be developed at a later time.
Mixed Used Properties: Propeties that are used for 2 or more purposes. An example would be retail shops with residental apartments either behind or above the retail shops.
Hotel/Motel: Businesses which provide short term housing--either investor owned or owner operator.
Car Wash: Businesses engaged primarily in washing motor vehicles--automatic or self serve.
Automotive Repair: Businesses engaged in the mechanical and or bodry repair of motor vehicles
Gas Station: Businesses engaged in the retail sale of refined oil and other products.
Historical Commercial Building: Assist owners and developers in the preservation of buildings designated as historical.
Condominium Conversion: Provide funds to convert rental units into condominiums.
Multi-Family Complex: More than 4 units.
Restaurant: Independent and franchise operations.
Medical/Dental Office Building: Multi-tenant and single office.
Mobile Home Park: Business engaged in rental of mobile home spaces--not unlike an apartment complex.
Vacant Land: Payoff existing liens. Purchase real property for future development. Install offsite improvements--sewer line, electrical, curb and gutter, etc. Prior to project construction.

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