Compadre Mortgage Manufactured Home Prime Program for California

A chattel loan program designed to meet the unique demands of the California manufactured home market. The Compadre Prime program is an exclusive offering available for HUD Code Homes (June 1976 and newer) and Park Model Homes in land lease mobile home parks and approved Cooperative Communities.

Available for new and used purchase and refinance. 

All Homes MUST be Owner Occupied Unless Park Model which can be Investment

• Maximum Term New and Pre-Owned Home:
25 years for Primary & Secondary / Vacation Residence with finance amounts above $50,000.00
20 years for Primary & Secondary / Vacation Residence with finance amounts below $50,000.00

• Minimum Loan Amount $50,000.00

• NO Maximum Loan Amount

• 1976 to New Construction (HUD code Standard)

• Approvals and Rates expire in 60 Days

• Credit – Must have 12 months installment history with 1 active tradeline. VOR can be considered as
installment history.

• Minimum 20% down for Secondary / Vacation Purchase

• New Homes Advance or (URAR) Appraisal

• Pre-owned homes require Appraisal

• Maximum 48% debt to income for all primary & secondary home with 700+ fico

• ITIN OK with Documentation