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Can I go with a conventional mortgage for a manufactured home

Are conventional loans availabkle for manufactured in New Jersey. Credit is 722 by paullorenzo874623441 from Garwood, New Jersey. Jun 11th 2014 Reply


Steven Ceceri (123LoanYes)
#12 ranked lender in Rhode Island - 723 contributions

Hi Paul. In doing a quick search, I found the following company that may be able to help. I'd suggest giving them a call for more details on your loan request. Please let me know how you make out and good luck! http://www.firstcreditcorp.com/

Jun 11th 2014
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William J Acres (William_Acres)
#74 ranked lender in Arizona - 8,728 contributions

Conventional guidelines do allow for MFH's, but you will find It very difficult to find a lender willing to do one.. If you do, expect to pay a higher rate, higher fees, and they will more than likely require a larger down payment.. Understand that when it comes to MFH's, they are the worst property types when It comes to sustained value.. during a down market, they will be the first property type to drop in value, and conversely, during a good market when everything is going up, they will be the last property type to increase in value.. the lenders know this, and most lenders have been burned by MFH's poor value in the past, and because of this, most have dropped this type of loan from their portfolio of loan products. I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. 480-287-5714 WilliamAcres.com

Jun 11th 2014
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Paul, my company is located in NJ & we close manufactured home loans all the time. Feel free to call me to discuss further.Joe CordovaEvesham Mortgage856-985-9944 ext 103Jcordova@eveshammortgage.comWww.joecordova.com

Jun 12th 2014
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Joseph Cordova (JoeCordova)
#97 ranked lender in New Jersey - 18 contributions

Paul, my company is located in NJ & we close manufactured home loans with conventional financing. Feel free to call me to discuss further.Joe CordovaEvesham Mortgage856-985-9944 ext 103Jcordova@eveshammortgage.comWww.joecordova.com

Jun 12th 2014
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