Purchase a New Home
Purchase a new or pre-owned manufactured home with as little as 5% down or take advantage of lower rates with a 20% down payment.
Home Purchase Qualifications
- New and pre-owned financing available.
- Home must be less than 30 years old.
- The home must book-out under NADA guidelines.
- Appraisal or Inspection may be required.
- Maximum 20 year loan
Refinance an existing home
Refinance your current loan to achieve a lower interest rate or lower credit term. There are cash-out programs for well-established individuals.
Home Refinance Qualifications
- Home must be less than 30 years old. Cash-out or consolidation requires that the home be 15 years or newer.
- Must be built to minimum HUD standards and at least 10’ wide.
- Maximum 20 year loan
- Minimum $7,500 cash-out or consolidation.
Customer Qualifications
- Must have a minimum of 5% down. Rate breaks at 10% and 20%.
- Established credit for a minimum of 2 years.
- Credit score must be 660 or higher.
- Must have a minimum of 1-2 years consistent employment history, with verifiable income.
- If self-employed, must have 2 years consecutive with tax filings.
- No bankruptcy within 2 years.
Just as all manufactured / mobile homes are not the same, neither are manufactured / mobile home loans. Whether you own your own land or reside on leased land in a park, your loan can be customized to fit your needs and objectives.
