Land Owned

Manufactured homes on owned land in California are one of the most affordable home ownership options in the market. Compadre offers a complete group of conventional, government, construction and non-conforming loan products by investors that specialize in factory built home finance. Land owned manufactured purchases have unique requirements.

Conventional 
Conventional Fannie Mae and Freddie Mac underwriting for HUD Code Homes on permanent foundation.  Lowest rate option for qualified buyers providing long term confidence that your principal and interest payment will never change or the flexibility of a long term step rate program, 5/1, 7/1.  In house underwriting and pricing decisions save your valuable time.
LTV to 95%. 
Lender paid MI available (Cancel at 80%)
15 & 30 year loan terms
Automated underwriting to 620 Credit
Cash out refinance to 65% LTV.
No Specialty Product Pricing at Compadre Mortgage
Approved Condo & PUD OK
Introducing the Fannie Mae MH Advantage and Freddie Mac ChoiceHome programs offering conventional underwriting on select factory built homes. This program will be a long term game changer for affordable housing.

FHA 
3.5% Down with flexible underwriting.  
LTV to 96.5% 
100% gift funds OK
15 & 30 year fixed rate loan terms
Automated underwriting to 580 credit
FHA 203K Purchase & Remodel 
Cash out refinance to 85% LTV
Ask about our 2% Down Payment Advantage Program
Approved Condo & PUD OK
Construction Program

VA
Zero Down
15 & 30 year terms.
No Mortgage Insurance
Purchase and rehabilitate
Cash out available
Limited closing closts
Approved Condo & PUD OK
Construction Program
Not sure what the best option is? Let’s talk.  Ready to go. Apply Online.