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jahernandez
Joined: 02 Jan 2007
Posts: 1
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| Posted: Tue Jan 02, 2007 7:37 pm Post subject: Manufactured Home |
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| Hello My name is Jorge and I'm a loan officer and Im looking for a manufactured home lender in california I have a manufactured home on its own land I can go full doc with a 720 mid fico and the loan is for 250k at 80% cltv. I will appreciate any help. |
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Haplo
Joined: 20 Jan 2005
Posts: 2422
Location: Springfield, IL
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| Posted: Thu Jan 04, 2007 5:01 am Post subject: |
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| Am I missing why this wouldn't be a standard conventional loan? Admittedly, I don't do a whole lot of them, but if you're doing a full doc 720...as long as it meets the MFH guidelines... |
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floridaproperties
Joined: 08 Jan 2007
Posts: 2
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| Posted: Mon Jan 08, 2007 8:45 pm Post subject: Re: Manufactured Home |
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jahernandez wrote: Hello My name is Jorge and I'm a loan officer and Im looking for a manufactured home lender in california I have a manufactured home on its own land I can go full doc with a 720 mid fico and the loan is for 250k at 80% cltv. I will appreciate any help.
I suggest scotsmanguide.com
JANUS Mortgage does manu. |
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DallasLoanGuy
Joined: 26 Sep 2006
Posts: 169
Location: Dallas, TX
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| Posted: Tue Jan 09, 2007 2:22 pm Post subject: |
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Haplo wrote: Am I missing why this wouldn't be a standard conventional loan? Admittedly, I don't do a whole lot of them, but if you're doing a full doc 720...as long as it meets the MFH guidelines...
i have seen this before.
the problem is: the land value far exceds the value of the mfr home. this looks like a land loan. <= more down, higher rates
otherwise... people would be dragging trailer houses out to their deer leases to get more favorable financing. :D |
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