PURCHASE Program Overview CONDO/PUD Mobile Homes (MH)

• Mobile Homes in CONDOMINIUM OR PLANNED UNIT DEVELOPMENTS!!
• 95% LTV Max/5% Down Payment Minimum
• 1970 (Pre-HUD) & Newer (Older than 1970 case-by-case)
• Single, Double, and Triple Section Mobile/Manufactured Homes (14 Ft. Wide Minimum)
• No Foundation Required
• Owner Occupied – 660 Minimum FICO/5% Down Payment Minimum
• Vacation/2nd Homes – 700 Minimum FICO/20% Down Payment Minimum
• Fixed Rate & Step Rate Options
• Fully Amortized and No Prepayment Penalties
• 10, 15, and 20 Year Terms Available
• Seller Paid Closing Costs Allowed

REFINANCE (Refi) Program Overview CONDO/PUD Mobile Homes (MH)

• Mobile/Manufactured Homes in CONDOMINIUM OR PLANNED UNIT DEVELOPMENTS!!
• Cash-Out Refi for Consolidating Debt, Home Improvements, New Vehicle, or for Many Other Purposes
• Refi to Lower Rate and/or Monthly Payment, Shorten Term, or Extend Term
• 1970 (Pre-HUD) & Newer (Older than 1970 case-by-case)
• Single, Double, and Triple Section Mobile/Manufactured Homes (14 Ft. Wide Minimum)
• No Foundation Required
• Moved More Than Once? No Problem!
• Fixed Rate & One Step Rate Options
• Fully Amortized and No Prepayment Penalties
• 10, 15, and 20 Year Terms Available

PURCHASE/REFINANCE Program Options

• Fixed Rate – Note Rate and Payment Fixed for term of loan – Fully Amortized
• Step Rate – Low Fixed Note Rate first 5 years and then adjusts to a predetermined Fixed Note Rate and payment for the remainder of the loan term. Both Note Rates and Payments are known at the time of Approval. So, No Surprises!
• Great Equity Tier – Homeowners with Equity of 35-49% or 50%+ receive Note Rate Reduction.

Disclaimer

All financing program availability, rates, and terms are subject to Lender’s approval of Borrower’s qualification(s), home and home’s location, down payment, Loan-To-Value (LTV), and financing purpose. Not all financing programs are available for all Borrower(s) and/or all homes (Contact First Pacific Financial for financing information specific to your unique scenario). Information published here is subject to change without notice and does not constitute a commitment or a guarantee regarding financing approval or availability. Applications underwritten and approved/declined based on each application’s unique merit(s), which include, but are not limited to; Borrower’s capacity (Income, Employment Length, Quality, Dependability, and Stability, Assets, and Indebtedness), Borrower’s character (Credit History, Credit Depth, FICO Score), and collateral (Home Year, Make, and Model, Location, Condition, and Value).

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