Manufactured home loans - 705 credit ok?

Yes, our bank will finance manufactured homes starting at 660 credit.

Sure thing, as long as your other qualifications meet guidelines you should be fine for a FHA loan and 15% probably won't be necessary. Not sure about conventional loan options, those may require 20% downpayment.

Manufactured homes are the first property type to depreciate in value during a declining market, and the last property type to appreciate in value when the market improves. The banks know this and have adjusted their guidelines to account for the increased risk associated with these properties.. Most lenders have deleted this loan product from their portfolio, while a few that still do them have tightened up on their lending requirements.. expect higher down payments, higher interest rates, and increased property restrictions.. but there should be a few out there willing to do them.. I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. William J. Acres, Lender411's number ONE lender in Arizona. 480-287-5714 WilliamAcres.com