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CONVENTIONAL & FHA MANUFACTURED HOUSING MORTGAGES

We understand the unique in’s and out’s that financing manufactured homes present.

Our Conventional & FHA Manufactured Housing mortgages are designed to make homeownership affordable for Purchases, Rate/Term and Cash-Out Refinances. We understand the unique in’s and out’s that financing manufactured homes present, that’s why we provide mortgages that are specifically aimed at making homeownership affordable for these types of homes.

All manufactured homes must have the original title surrendered in accordance with applicable state law and be titled and taxed as real property prior to closing for both Conventional and FHA loans. All loans must score Approve/Eligible or Accept through DU or LPA.

Conventional Highlights:

  • Primary Homes and Second Homes
  • Purchase, Rate-Term:
    • Maximum LTV 95%
    • Minimum FICO 660
  • Cash-Out:
    • Primary Only
    • Maximum LTV 65%
    • Maximum Term 20 Years
    • Consolidation of 1st and 2nd lien only
  • PUDs Eligible

FHA Highlights:

  • Primary Homes
  • Fixed Rate Only
  • Purchase, Rate-Term & Streamline: 
    • Maximum LTV 96.5%
    • Minimum FICO 660
    • Maximum DTI 50%
  • Cash-Out:
    • Maximum LTV 85%
    • Minimum FICO 660
    • Consolidation of 1st and 2nd lien only
    • Maximum DTI 50%
  • PUDs Eligible

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