As a result, MHL is our best for borrowers with good credit who qualify for those great rates. Working with partner company eLend, they can help get you the lowest rates and best terms. Located in New Jersey, ManufacturedHome.Loan is a licensed nationwide mortgage broker. Terms for the loans are 15, 20, or 30 years.ĭepending whether the home is existing on land you own, or a new construction loan from a dealer, a loan can stay in the underwriting stage for weeks or the closing and take up to a couple months, but not always.
Manufactured Nationwide's down payment requirements range from zero down for their VA and USDA programs to little money down for the FHA program.
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Their FHA program requires a 600 credit score, 660 for conventional, and 640 on manual underwriting. Credit scores for the VA loan must be at least 580. It has a program that lend up to $3 million on purchases. Its government-backed loan programs, such as the VA, FHA, and USDA provide competitive fixed-rate mortgages to this segment of the housing market. Manufactured Nationwide offers single-, double-, and triple-wide manufactured, mobile, and modular home loans for new and used homes. The company is our best overall mobile home lender because it lends in all 50 states and is an expert in low-down-payment, government-backed loan programs. Manufactured Nationwide is powered by The Federal Savings Bank, a veteran owned, federally charted bank.
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