Nashville-based FirstBank announced an investment in Zippy, the fintech company offering fully digital, fast and seamless manufactured home loans. Through this investment, FirstBank furthers its commitment to innovative community-minded banking solutions by pairing its expertise with Zippy’s technology to broaden opportunities for affordable homeownership.
“FirstBank has extensive experience in manufactured home lending and has invested in fintech partnerships that enable us to offer innovative solutions that meet the needs of our customers,” said Wade Peery, chief innovations officer at FirstBank. “In today’s housing market, finding new paths to affordable homeownership is critical. This partnership will make buying a home possible for many new individuals and families.”
Zippy is currently available in Texas, Arizona, Kansas, Missouri, Virginia, Alabama, Indiana and Michigan, with plans to more than double its footprint in 2023. Many of the loans Zippy helps customers access are for community-sold homes in master-planned communities that provide homeowners with amenities including community pools, workout facilities, playgrounds and more. These manufactured homes are well-built and offer much-needed affordability amidst the nation’s current housing crisis.
Zippy is co-founded by bankers-turned-community owners CEO Ben Halliday and COO and President Jordan Bucy, who left careers at JP Morgan after jointly acquiring a manufactured home community. They built a first-of-its-kind online platform that can originate competitive loans in as little as five days.
“Whether you’re a homebuyer or community operator, Zippy provides a fully digital and seamless lending experience,” said Halliday. “We are grateful for FirstBank’s investment and continued partnership, as it will be a pivotal part in helping more families move into quality, energy-efficient and well-constructed manufactured homes.”
