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Please contact me to discuss your particular loan scenario. firstname.lastname@example.org
Lending, on all property types, other than Commercial Properties, is in California only.
Services Offered – Including Contract Processing.
Study Materials, for the National and California NMLS Mortgage Loan Originator Licensing Tests
Welcome Page and Course Highlights of the National NMLS Study Course
Purchase the NMLS Continuing Education 2015 Class Notes
80% Loan to Value Owner Occupied Cash Out Refinance Program – No Ownership Seasoning Waiting Period.
Mobile Homes on Leased Land in a Park
Modular Home Loans are offered, but not in Mobile Home Parks. You must be purchasing the land or already own it.
For the most part, the type of lending that you get, is determined by the type of property you are financing. FHA loans are only offered for one to four unit properties, and if the property involves more than one unit, then the owner must live in one of the units.
VA loans are fabulous for veterans. You should ask VA for a copy of your honorable discharge, and get a certificate of eligibility. 100% financing is available for veterans, and if you exceed the county loan limit, then VA will still finance 75% of your purchase amount.
Conventional loans, especially at 80% or less, are desirable, because there is no mortgage insurance premium. About 80% there is mortgage insurance premium, but unlike FHA, once the loan amount goes down, you may get the mortgage insurance waived.
Financing a manufactured home or mobile home requires some additional knowledge. I can help by giving you some obvious pitfalls to avoid, so you don’t waste your time and money working on a home you can’t finance.
Manufactured homes on permanent foundations, with a 433 a certificate, can be financed as a reverse mortgage.