Manufactured Home Loans

Loan secured solely by a manufactured home.

• Minimum down payment 10%
  • Minimum FICO score of 640
  • If FICO score less than 680 the minimum down payment is 20%
• 15 and 20 year maximum terms
• No ITIN (Individual Taxpayer Identification Number) financing available
• No restrictions on age of manufactured home
• Up to 90% LTV (Loan-to-Value)
• Minimum loan amount $5,000
• Maximum loan amount $150,000
• Loan Fee: 1.00%
• DTI ratio (Debit-to-Income) over 45% and up to 50% with minimum 700 FICO credit score and maximum 80% LTV (Loan-to-Value)
• Special Consideration:
  • FICO credit score minimum of 640, but requires 0.75% LLPA (loan level price adjustment)
  • LTV (Loan-to-Value) of 80.01% - 90%, if approved by Sound Community Bank (requires 0.75% LLPA)
    • LTV of 85.01% - 90% requires minimum FICO credit score of 680

Loan secured by residential real property (land) and manufactured home. Manufactured homes with either title elimination or vehicle title are permitted.

• Up to 90% LTV (Loan-to-Value)
• Minimum loan amount $5,000
• Maximum loan amount $500,000
• Loan Fee: 1.00%
• Known by several names: modular home, prefabricated home, prefab home, mobile home, etc.
• Financing available for single wide, double wide, or triple wide homes
• Pre-HUD (built before June 1976) homes eligible
• Engineering report for foundation not required
• Homes moved more than once are eligible
• Fixed rate mortgages available
• Budget-friendly repayment terms
• Free 30-day rate locks