Agoura Hills Financial
AHF will consider loans with this criteria. We are an equity-driven private lender. Mo minimum FICO. Up to 65% LTV. Contact us today for a quick close!
Lending Territory: Southern CA
American Financial Resources Inc.
Minimum FICO 620. FHA owner-occupied only. Visit www.afrwholesale.com for program details and pricing
First National Bank of America
No minimum FICO required. Manufactured or mobile homes with land (unlimited acreage). Single and double-wides are okay. LTVs up to 70%. Loans are fixed rate.
Lending Territory: FL, IA, IN, KY, MI, MN, MO, TN, WI
Mortgage Solutions Financial
Both FHA and conventional.
Lending Territory: NATIONWIDE except AK, AL, DC, DE, HI, LA, MA, ME, MN, MS, MT, ND, NH, NV, NY, PA, SC, SD, VA, VT, WV
Performance Home Loans
620 minimum credit score. Primary residence and second home eligibility. Double wide (or larger). Construction post 6/15/76.
Lending Territory: AZ, CA, CO, FL, GA, IL, KS, KY, MD, MI, MN, NC, NV, OH, TN, TX, UT, VA, WA, WI
Fannie Mae's definition of manufactured housing is "any dwelling unit built on a permanent chassis and attached to a permanent foundation system."
Eligibility requirements include:
1) Homes must be built in compliance with the Federal Manufactured Home Construction and Safety Standards that were established in 1976.
2) Homes must be a one-family dwelling legally classified as real property.
3) Homes must be at least 12 feet wide and have a minimum of 600 square feet of gross living area.
4) Homes must be attached to a permanent foundation system in accord with manufacturer's requirements.
For more information on manufactured home loans, click here to see a past Scotsman Guide article on the topic.
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