Friday Fast Facts – Manufactured Housing & Manual Underwriting

Manufactured Housing Loans

Reminder: US Bank made the following changes to loans secured with manufactured homes:

  • Minimum credit score of 680
  • Maximum DTI is 45%
  • NO Manual Underwrites Allowed

Please note these changes affect all loans reserved September 2, 2019 or later.

Manual Underwriting

Effective immediately: US Bank has changed the manual underwriting guidelines for new loan reservations on both Conventional and Government loan products.

FHA, USDA & VA

FHA, USDA and VA table

HFA Advantage - No manual underwriting for HFA Advantage

HFA Preferred - Fannie Mae HFA Preferred ONLY

Manual underwriting is not allowed on 2-4 unit properties

 

Nia Girma
702-486-5946

Josie Hatem
702-486-5983

Lastly, thanks for being you. (We just couldn’t pass up the opportunity to tell you how much we appreciate you.)

Please click here to see program guidelines

Our Programs

Home Is Possible™ offers thousands in bonus money to help with a down payment or closing costs.

Home Is Possible For Heroes™ helps veterans be at home with a below-market interest rate.

Home Is Possible For Teachers™ gives K-12 teachers in Nevada $7,500 in bonus money for a down payment or closing costs plus a below-market interest rate—for a limited time.

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