Manufactured Pricing Improved!
Saturday, December 03 2011 14:20

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Manufactured Pricing Improved!

Effective with ALL NEW LOCKS, our Manufactured Housing pricing has just gotten better! Take a look at our rate sheets today and notice the adjustments for Manufactured Housing in both our Premium and Standard programs.

Old

Premium

30/25yr. & 5/1 arm = -2.500

Standard

30/25yr. & 5/1 arm = -3.000


New*

Premium

30/25yr. & 5/1 arm = -2.250

Standard

30/25yr. & 5/1 arm = -2.250


Note: Guideline Change on Cash Investment: We have also changed the Cash Investment guideline for the Standard program that now allows the borrower to use the land equity as his 3.5% investment into the transaction if he’s owned the property for greater than 6 months. See ML09-16 for further FHA manufactured home financing details.


We hope that this new pricing helps you to stay competitive in the Manufactured Housing marketplace and that American Financial Resources, Inc. is your lender of choice!

 
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