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Purchase Loans

Property Requirements:
  • Must be built on or after June 15th 1976 (can be verified by looking for the presence of either HUD tags or a data plate)
  • Axles, tongue, and wheels must be removed and skirting must be in place
  • Primary residence, 2nd home, and investment property all OK
  • Singlewide, doublewide, and triplewide all OK
  • Can be in a park or on land that you own (or will own)
Borrower Requirements:

  • Minimum middle credit score of 580 for land/home mortgages

  • Minimum average credit score of 600 for home-only loans

  • Minimum 2 years since foreclosure, deed in lieu of foreclosure, short sale, or chapter 7 bankruptcy

  • Minimum 1 year of on time payments if you've had a chapter 13 bankruptcy

Minimum Contributions:

  • Minimum 5% down for conforming loans and home-only loans

  • Minimum 3.5% down for FHA loans

  • 100% financing available for VA and USDA loans

  • Gifted funds are acceptable

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