florida

Conventional Florida Manufactured Home Lenders

Loan Purpose

 Florida Conventional Manufactured Home Purchase

 Conventional Florida Rate & Term Refinance (including HARP and LP Open Access)

 Manufactured Home Loan Cash-Out Refinance

 

Amortization Term

 Fixed Rate: 15 Years, 20 Years, and 30 Years

 Adjustable Rate: 7/1, 10/1

 

Occupancy

 Owner-occupied second home

 

Minimum Credit

Score

620 minimum Fico Score for Florida conventional manufactured home loans.

 

Approval Type

 AUS (DU) approval or (LP) Approval

 

Subordinate Financing

Allowed

 

Maximum Loan Amount

 

 1 Unit: Lesser of $417,000 or maximum county limit

 

Escrow Holdback for

Minor Repairs

Allowed only if repair is completed within 10 Days.

 

Eligible Properties

 1 unit Florida manufactured home properties - must be at least a double wide

 Manufactured homes must be constructed after June 15, 1976

 Florida manufactured home + land must be Fee simple only

 

Other General Eligibility Criteria for Manufactured Homes

 Floor area of not less than 600 square feet

 HUD Certification Labels (metal plates attached) or verification from IBTS

 HUD Data Plates (paper certification located on the interior) or verification from IBTS

 Affidavit of affixture (or equal) to evidence propety is classified and taxed as real estate

 Structural Engineer's report to determine if home is designed to be used as a dwelling with a permanent foundation built to

FHA criteria

 The home must be built and remain on a permanent chassis (towing hitch, wheels and axles have been removed)

 Finished grade elevation beneath the manufactured home or, if a basement is used, the grade beneath the basement shall be at or above the 100-year return frequency flood elevation. HUD waivers are not accepted.

 The home must not have been installed or occupied previously at another site or location

 Additions or modifications to manufactured home are not acceptable

 All-weather roadway and adequate vehicular access from a public right of way

 Foundation inspection by appraiser for permanent concrete footing with anchored tie-downs

 Borrower must own the land on which the manufactured home is situated in fee simple

 With a Freddie (LP) approval borrower must have at least 5% of their own funds

 

 

Florida conventional loan for manufactured homes - Guidelines are subject to change without notice.

Fast Consultation

captcharefresh

Powered by ChronoForms - ChronoEngine.com

CREDIT REQUIREMENTS

FHA MORTGAGE

550 MIN FICO

PORTFOLIO MORTGAGE

NO MINIMUM

VA MORTGAGE

550 MIN FICO SCORE 

USDA LOANS

580 MIN FICO SCORE 

FANNIE MAE.

620 MIN FICO SCORE 

FREDDIE MAC

620 MIN FICO SCORE 

CALL NOW!

954-667-9110

Apply Now!

CLICK HERE
Reviews on Zillow
1399173
"Thomas went above and beyond to get our mortgage approved. We had a couple of "hiccups" with our VA financing and Thomas was able to get them resolved ... more "
5.0/5.0
by lbaze2008
1375949
"I was hesitant to utilize someone from the internet to obtain my home loan. I even let my real estate agent talk me into going with someone local ... more "
5.0/5.0
by rmac333
1345066
"Thomas martin was a great help with our mortgage . it was a stressful time in our life , but Thomas remained calm through out the whole process which ... more "
5.0/5.0
by zuser20140303145114251