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Information for Single-Family Lending and Real Estate Professionals
 
Program Announcement

June 30, 2017
Manufactured Homes

The Commission is pleased to announce Lakeview Loan Servicing will accept Manufactured Home reservations made on or after July 3, 2017 for Home Advantage or House Key Opportunity loans.

The following parameters will apply:

FHA only.

Manufactured home must be a double-wide.

Minimum FICO Score of 660.

Maximum 45.00% DTI.

AUS Findings of Approve/Eligible with no manual downgrade.

Escrow holdback for minor repairs allowed.

No Leasehold

A borrower contribution is no longer required.

Updates to the manuals and matrix have been posted here: http://www.wshfc.org/sf/downloads.html

If you have follow up questions, please contact Corinna Obar at Corinna.obar@wshfc.org or Lisa DeBrock at lisa.debrock@wshfc.org.