What do you want to know about manufactured homes? The worlds greatest collection of expert advice on buying, installing, maintaining and repairing manufactured homes.
2 posts • Page 1 of 1
My mortgage broker says that the reason our refinance loan came back set at 6.75% with 1 point, is because of the type of home I'm refinancing - specifically a manufactured home. (2002 Silvercrest - 2000 sq ft. w/many upgrades, on 5 acres (which we owned free and clear prior) set on a permanent foundation). Our credit ratings are 670 + and are at 34% debt ratio. He says the underwriters are the ones calling the shots because this loan will go to Fannie Mae and they have higher interest rates. Does this sound legitimate?
Who is online
Users browsing this forum: No registered users and 12 guests