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Mountainside Financial specializes in financing and refinancing mobile and manufactured homes where the land is not included in with the loan.
We work with companies and individuals all over the country to help manufactured home owners refinance their home, or find financing for a used home. Our referral programs
are the most trusted in the industry.
LET THE EXPERTS AT MOUNTAINSIDE FINANCIAL HANDLE THE LOAN.
If you have customers looking to refinance or to purchase, refer them to Mountainside Financial and we will take care of the rest. You will receive a referral for every client that finances with one of our lenders
If you have access to manufactured homeowners, our referral programs are a terrific way
to make a significant additional income. Once you refer your customer to MSF, our loan officers will handle the entire loan process from start to finish.
You don’t have to check the credit...gather the stips...or close the loan!
Guidelines
• In Park, Leased Land, or Owned Land
• Strictly Home Only Paper (Home and Land Financed Seperately)
• 1976 & Newer Homes For Rate Term Refi (1970 for California doublewides)
• Bankruptcy Must Be Discharged A Minimum Of TwoYears
• Minimum 600 FICO Score For Refinancing or Purchase
• Minimum 650 FICO Score For equity
• Buy-For’s For Preferred Credit Borrowers (Minimum 650 FICO)
• No Seasoning Required
• Debt Ratio Must Be Under 45%
• No Appraisal Required (Excluding California)
The first step is identifying potential candidates for our program:
For Rate and Term Refinancing Look For:
• Rates 9.5% And Higher on Doublewide Homes
• Rates 11.00% And Higher on Singlewide Homes
• Balances $20,000 or Greater
• Terms Greater Than Twelve Years
For Purchases Look For Customers Who:
• Have At Least 5% Cash Down, 10% gifted down or 10% payments made )
• Customer Already Living in The Home Can Use Payments Made In Lieu Of Down
• Will Finance $25,000 or Greater
Once you have found potential customers we can offer them:
• A Free Quote & No Obligation
• Low Fixed Rates
• Reduced Monthly Payments
• 95% Financing
• Gifted Down Payments
• Shorter Loan Terms
• Add or Remove From Ownership of Home
• No Pre-Payment Penalties
• No Out-of-Pocket Expenses
• Skip A Month’s Payment, In Some Cases Customers Can Skip 90 Days!
* These guidelines are a basic overview of our programs and do not cover all situations.
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