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LoanJunction.com

Revolutionizing Mobile Home Loans





vaccinations?
pet care?
keys?
house alarm?
travel to airport?
cancel milk?
cancel papers?

tickets & paperwork
passports
driving licences
visas
insurance
medication

hand luggage
travel snacks
... and sun cream!

 

Opinions?

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Basically, a general rule to remember is we are building a case to the Underwriter on every loan submission. Therefore anything that makes you look good to the bank should be submitted; things like child support, Structured settlements and rental agreements for other properties are all Examples of things that make you look good to the bank.


Furthermore: Mobile home loans are not like regular home loans in the sense that they are processed and evaluated case by case. If there are things that make your file look better let us know. It is our goal to provide you with the best mobile home loan that is available and in most cases we’ll need you to work as hard as we will to accomplish this goal.


Please fill in your application as complete as possible. As well if there are things we need to know about…things like an ex spouse still on title, home being a rental property or 2nd home, loss of job or change in careers are all critical things that you should tell us about up front, as we will inevitably find them out anyway. If there are foundation issues, park lease issues, home repair issues or any other major thing please let us know…it will only help.


Again thank you for inquiring with LoanJunction.com. Myself & the LoanJunction Staff value the manufactured industry, value customer service, value our reputation, value our park communities but most of all we value You.

 Mobile Home Loans Q & A 

In Park Mobile Home Refinance Loan Highlights

Refinance Programs:

Platinum Program

Built June 13, 1976 or newer
Fico score 700+
Unlimited cash to 65% LTV
25K cash out to 80% LTV
Debt consolidation allowed
Rate improve for 10 and 15 year terms

Gold Program

Built June 13, 1976 or newer
Fico scores 640-700
-
50K cash to 65% LTV $7500 cash to 80% LTV
Terms to 25 years
In some cases debt consolidation allowed
Free & Clear cash out to 50K

Preferred Program

Built June 13, 1976 or newer
Fico scores 620-640
-
$7500 cash out to 80% LTV
Terms to 20 years
Home improvement bills only
Free & Clear cash out to 50K

Standard Program

Built June 13, 1976 or newer
Fico scores 600-620
-
$7500 cash to 75% LTV
Terms to 15 years
No debt consolidation
Free & Clear cash out to 35K

Sub Prime

Built 1960 or newer(CA only)
Fico scores 599 or less
-
Loans to 65% LTV unlimited cash
Terms to 20 years
Private Money chattel rates apply
No prepay penalties

Older Homes

Built 1965 – June 12, 1976
Fico Scores 640+
Cash to 65% LTV / max housing ratio 38%
Terms to 20 years
Debt consolidation allowed
Strong park community

In Park Mobile Home Purchase Programs

In Park Mobile Home Refinance Loan Highlights

Purchase Programs:

Platinum Program

Built June 13, 1976 or newer
Fico score 700+
-
Min 5% down
Terms to 30 years
Fully Amortized loans only
No prepay penalties

Gold Program

Built June 13, 1976 or newer
Fico scores 670-700
-
Min 10% down
Terms to 20 years
Fully Amortized loans only
No prepay penalties

Preferred Program

Built June 13, 1976 or newer
Fico scores 640-670
-
Min 10-20% down
Terms to 20 years
Fully Amortized loans only
No prepay penalties

Standard Program

Built June 13, 1976 or newer
Fico scores 600-640
-
Min down 20-40%
Terms to 20 years
Fully Amortized loans only
No prepay penalties

Sub Prime

Built 1960 or newer
Fico scores 599 or less
-
Min down 30-50% to be considered
Terms to 20 years
Fully Amortized loans only
No prepay penalties

Older Homes

Built 1970 – June 12, 1976
Fico Scores 650+
-
Min 15% down
Terms to 15 years
Fully Amortized loans only
No prepay penalties

We also have Buy for Loans (Non owner occupied), Co sign loans, Second home loans with a min of 20% down with good credit.

Homes built prior to 1970 may be considered if:
Multi section
Min fico score 640
-
Min 20% down payment
Preferred communities (5 star)

* In the State of California, there may be out of pocket fees for the appraisal.

Revolutionizing Mobile Home Loans

Getting to know LoanJunction.com


MANUFACTURED HOME LOANS