manufactured homes: How to Purchase or Refinance a Class C Double wide in DE
- 09/25/18 01:11 PM
How to Purchase or Refinance a Class C Doublewide in Delaware
There are several loan programs to cover the purchase of a Class C Doublewide manufactured home. In this article I am detailing the FHA loan. With this program you can purchase with a 3 ½% down payment. A rate/term refinance can be done at 97.75% loan to value and a cash out refinance is 85% loan to value. (Loan to value = loan amount divided by the appraised value.)
The FHA loan can be done for borrowers with a 660 or above credit score. The loan term can be 15, 20, … (3 comments)
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