Zippy

Manufactured home financing has three major problem points for home buyers. The first is that limited competition for loans drives up borrowing costs and remains a paper based, slow moving administrative process. Second, there is virtually no origination market for refinancing a home, meaning that a home owner can not secure better rates as their credit score improves or if market rates go down. Third, there is virtually no origination market for pre-owned manufactured homes, limiting the ability for a potential buyer to acquire anything besides new. This limits homeowners from unlocking the value of their equity, since few can buy in all cash. Zippy enters as a the financial app that allows loan applicants to seamlessly apply for a loan, be approved and receive financing automatically. By automating the process and then selling the loans off to banking partners, they can offer lower borrowing rates, re-financing and financing for pre-owned homes. "