Lenders and Real
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Information for Single-Family
Lending and
Real Estate Professionals
Program
Announcement
January 26, 2010
Manufactured Home Guidelines
for Reservations On or After 03/01/2010
Please pull down manual update regarding manufactured homes on page 4.1 of the House Key manual at www.wshfc.org/sf/downloads.html. Due to market conditions, we added the following requirements for all new reservations made on or after 3/1/2010:
Borrowers must have a minimum 620 score.
Borrowers’ downpayment requirement is 1% of purchase price or $1,000, whichever is greater. Gifts are not allowed as part of the Borrowers’ contribution.
Please contact Lisa DeBrock at lisa.debrock@wshfc.org if you have additional questions.