Call me today - I am a manufactured home specialist *Existing Homes

Manufactured Home Purchase or Cash Out Re-finance

A.J. Johnson and Suburban Mortgage have put together varied loan programs designed to save you money, time and hassle:

However, due to a high rate of foreclosures and defaulted loans, there have been significant changes to FNMA/FHLMC guidelines for manufactured housing loans. Contact me for your loan approval.

• I offer a quick turn around on pre-qualifications. Generally I can take some basic information from you via this website or over the phone and have an answer back to you in minutes!
• For Non-Conforming loans Suburban Mortgage can offer up to 75% Cash Out.  OAC
• For Conventional loans, a 95% LTV (5% downpayment)has a maximum loan term of 20 years. A 90% LTV (10% downpayment) has a maximum loan term of 30 years
• For FHA loans on manufactured housing, the LTV is 97% (3% downpayment) for a maximum term of 30 years.
• For refinances, the home must have been built after 1976
• We have purchase and refinance programs
• Equity treated the same as cash
• Manufactured homes must be multi-width (no single-wides permitted)
• Homes must be attached to permanent foundation. For FHA loans, a block stem wall is also required.
• They must have at least 600 square feet of gross living area