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rhelali
242 Posts |
 Posted - 11/04/2009 : 12:51:49 PM
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Anyone know who is still doing FHA manufactured?
4 of my lenders stopped doing them as of Friday, October 30th and I have several streamlines I'm looking to get done.
The properties are located in California and Oregon. |
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jcallanan
491 Posts |
Posted - 11/04/2009 : 1:38:19 PM
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American financial Resources
They are out of NJ don't know about CA and OR but look them up
their rate sheet says they will do them FHA with a 600 min score
AFRwholesale.com |
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rhelali
242 Posts |
Posted - 11/04/2009 : 2:28:13 PM
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| perfect thank you... i'll give them a call |
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rhelali
242 Posts |
Posted - 11/04/2009 : 3:33:49 PM
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AFRwholesale.com does them in CA and OR, but they're looking for brokers that will send them 50+ deals a month.
anyone know of any other lender who is still doing FHA manufactured??? |
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rhelali
242 Posts |
Posted - 11/04/2009 : 4:10:13 PM
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| bump |
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bbarco
5 Posts |
Posted - 11/04/2009 : 4:55:13 PM
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| First Guaranty Mortgage is doing manufactured. Also, US Bank will do 75% LTV with a 680 score. |
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Jmtgs4u
100 Posts |
Posted - 11/04/2009 : 5:17:57 PM
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| can you broker to us bank for the MOHO or is it only retail ? |
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bbarco
5 Posts |
Posted - 11/05/2009 : 06:14:02 AM
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| Yes you can Broker to US Bank |
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rainmand
5205 Posts |
Posted - 11/05/2009 : 06:51:52 AM
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| Sun West Mortgage does them at 6.5% |
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graymondo
36 Posts |
Posted - 11/05/2009 : 10:49:35 AM
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I do several Manufactured deals a month. PRMG in Corona, CA with help you
Good Luck! |
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rhelali
242 Posts |
Posted - 11/05/2009 : 12:04:13 PM
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| I'll check with SunWest, but PRMG stopped doing them as of Friday |
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mepco99
33 Posts |
Posted - 11/06/2009 : 06:42:58 AM
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We still do them down to 600.DW's only.Must meet HUD guidelines.
No gifts.
mike.palmieri@nxtloan.com |
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Jimmymackin
878 Posts |
Posted - 11/06/2009 : 09:59:42 AM
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Need an MH FHA lender with competitive rates...
Anyone out there? |
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rainmand
5205 Posts |
Posted - 11/06/2009 : 10:19:26 AM
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| What's a competitive rate to you? |
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Jimmymackin
878 Posts |
Posted - 11/06/2009 : 10:21:53 AM
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Competitive to FHA rates for SFR
I understand a hit but to start at 6.5% par is not really helping anyone...
CMG has a 1.5% hit, but they don't do PA |
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rhelali
242 Posts |
Posted - 11/06/2009 : 10:25:00 AM
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quote:
Originally posted by mepco99
We still do them down to 600.DW's only.Must meet HUD guidelines.
No gifts.
mike.palmieri@nxtloan.com
Hey Mike, just emailed you |
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loancloser1342
842 Posts |
Posted - 11/06/2009 : 11:26:45 AM
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quote:
Originally posted by Jimmymackin
Competitive to FHA rates for SFR
I understand a hit but to start at 6.5% par is not really helping anyone...
CMG has a 1.5% hit, but they don't do PA
They also do not lend on manufactured homes as of last Friday either. |
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rhelali
242 Posts |
Posted - 11/06/2009 : 11:53:56 AM
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quote:
Originally posted by loancloser1342
quote:
Originally posted by Jimmymackin
Competitive to FHA rates for SFR
I understand a hit but to start at 6.5% par is not really helping anyone...
CMG has a 1.5% hit, but they don't do PA
They also do not lend on manufactured homes as of last Friday either.
that's what i figured.. lots of banks stopped doing it as of last week, looks like they were funding it through the same investors |
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MisterVA
8643 Posts |
Posted - 11/06/2009 : 11:55:29 AM
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quote:
Originally posted by Jimmymackin
Competitive to FHA rates for SFR
I understand a hit but to start at 6.5% par is not really helping anyone...
CMG has a 1.5% hit, but they don't do PA
I thought CMG only blew smoke in the off topic section. |
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Jimmymackin
878 Posts |
Posted - 11/06/2009 : 12:29:55 PM
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| ? |
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rainmand
5205 Posts |
Posted - 11/06/2009 : 1:21:45 PM
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>>I understand a hit but to start at 6.5% par
It's not at PAR - it pays 1.5 rebate |
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