Expertise in Funding Manufactured Loans

DO YOU HAVE A CLIENT WISHING TO PURCHASE OR REFINANCE A MANUFACTURED HOME?

Carrington can provide the right FHA loan with low minimum credit score requirements, no minimum trade lines and no overlays for first-time homebuyers. Talk to an Account Executive today about our expanded eligible property/collateral guidelines for manufactured homes.

FHA LOANS FOR MANUFACTURED LOANS 

  • 500 FICO
  • One FICO required over 500

FHA PURCHASE GUIDELINES

  • 500 FICO to 90% LTV on a purchase loan
  • 580 FICO to 96.5% LTV on a purchase loan

STREAMLINE REFINANCE

  • No appraisal is required, no AVM requirements
  • No income documentation required
  • No Credit score required

FHA REFINANCE GUIDELINES

  • Cash-out up to 80% 
  • 500 FICO

 

VA Loans for Manufactured Homes

  • Min FICO 500
  • Max LTV 100%, Zero down payment, zero out-of-pocket costs
  • Loan amounts vary by geographic location

VA Purchase Loans for Manufactured Homes

  • Min FICO 500
  • Max LTV 100%, Zero down payment, zero out-of-pocket costs
  • Loan amounts vary by geographic location

VA Rate Term or Cash-Out Refinance Loans for Manufactured Homes

  • Min FICO 500
  • Max LTV 100%, Zero down payment, zero out-of-pocket costs
  • Loan amounts vary by geographic location

VA IRRRL for Manufactured Homes

  • Min FICO 500
  • Max LTV 100%, Zero down payment, zero out-of-pocket costs
  • Loan amounts vary by geographic location

Government Agency Approvals

FHA Non-Supervised Mortgagee Approval #:
24751-0000-5
VA Automatic Lender Approval #:
902324-00-00

Mortgagee/Loss Payee Clause

Carrington Mortgage Services LLC
ISAOA/ATIMA
P.O. Box 692408
San Antonio, TX 78269-2408

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This information is provided for your convenience and Carrington Mortgage Services, LLC makes no warranties concerning the accuracy or completeness of any of the information. This is not financial or legal advice and should not be taken as such. This information is for mortgage professionals only and is not intended for distribution to consumers.
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An Equal Housing Opportunity Lender. Copyright 2007 - 2023 . Carrington Mortgage Services, LLC headquartered at 1600 South Douglass Road, Suites 110 & 200-A, Anaheim, CA 92806. NMLS ID # 2600. Toll Free # 800-561-4567. All rights reserved. Restrictions may apply. All loans are subject to credit, underwriting and property approval guidelines.  Nationwide Mortgage Licensing System (NMLS) Consumer Access Web Site: www.nmlsconsumeraccess.com.

The content of this website is intended for licensed third party originators or brokers only and may not be duplicated or disseminated to the public. Carrington Mortgage Services is one of the leading wholesale mortgage lenders.

Government Agency Approval | FHA Non-Supervised Mortgage Approval #: 24751-0000-5 | VA Automatic Lender Approval #: 902324-00-00

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