Land Owned Manufactured Home Loans

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.

Our team has years of manufactured home loan underwriting and closing experience with thousands of satisfied customers. We want to help you. 

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.