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Manufactured Homes - Conventional

Blog posted On September 27, 2018

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CMG Financial offers your borrowers the choice to finance cost effective living, making the American Dream possible for both traditional and manufactured homeowners!

Conventional Conforming Manufactured Homes Product Highlights include:
  • 95% LTV max on a Fixed Rate, Primary Residence, Purchase & Rate Term Refinance with a 620 FICO
  • 90% LTV max on ARM on Primary Residence, Purchase & Rate Term Refinance with a 620 FICO
  • Cash Out available on Primary Residence - max term 20 years, fixed rate only
  • 7/1 and 10/1 ARMs permitted

 

Manufactured Home Checklist: http://bit.ly/ManufacturedHomeChecklist

Government Financing for Manufactured Homes Guidelines: http://bit.ly/ManufacturedHomeGuide

 

See our Conventional Conforming Manufactured Homes Eligibility Matrix below for more details:

Purchase & Limited Cash-Out Refinance 1 Unit                      FRM: 95%  
ARM: 90%
Cash-Out Refinance (Fixed Rate Only)   1 Unit
Term <= 20 Years 		 FRM: 65% 

Purchase & Limited Cash-Out Refinance 1 Unit                      FRM: 90% 
ARM: 80%