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!