Lender Β· Member since 2022 Β· 6k+ posts Β· 1k+ votes
I wanted to follow up and share some new program updates for our Manufactured Home Rental Loans that just rolled out. If youβre buying or refinancing non-owner occupied manufactured properties (1β4 units), these changes could open up more opportunity for your next deal.
π Manufactured Home Rental β Investment Financing
β Loan Amounts: $100K β $2MM
β Single-Wide & Double-Wide (select areas)
β Purchase / Rate-Term Refi: Up to 75% LTV (Rural 65%)
β Cash-Out Refi: Up to 75% LTV (Rural 65%)
β 30-Year Terms β Fixed, Interest-Only & ARM Options
β Minimum 660 FICO
β Minimum 1.00x DSCR
These updates make it easier for investors to scale rental portfolios, especially in markets where manufactured housing demand is strong.