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Your Manufactured Home Lending Source 21st Mortgages Credit Application Direct Lending Department Dear Loan Applicant, Thank you for your interest in obtaining a loan through 21st Mortgage. Currently.

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21st Mortgage opened its doors in 1995 with a staff of four, which included two of the company's founders; CEO Tim Williams and CFO Rich Ray. Today, the company has more than 800 team members..

Refinancing can be a rigorous process that requires a home appraisal, documentation of your income and assets, a review of your credit history and your debt-to-income ratio. Falling short of a lender's requirements in just one of these areas could cause your refinance application to be rejected.

Many mobile homes are permanently affixed to a foundation. These are much easier to refinance if you qualify. That's because they're titled as “real property.” But mobile homes not permanently affixed to a foundation are usually titled and financed as “personal property” and cannot be refinanced with a mortgage loan.

The most common reason why refinance loan applications are denied is that the borrower has too much debt. Because lenders have to make a good-faith effort to ensure you can repay your loan, they typically have limits on what's called your debt-to-income (DTI) ratio.

Manufactured homes must be surrendered as real property before a final verification can be made for a home equity loan.

Yes. You're most likely going to need good credit if you want to get a home equity loan for your mobile home. Bad or even average credit may not be enough to secure a loan.

Most lenders only allow you to refinance 80% – 90% of your loan value. If you withdraw $20,000 in a cash-out refinance, you're taking over 90% of your equity.

The manufactured home must be at least 12 feet wide and have a minimum of 400 square feet of gross living area. Except for MH Advantage properties, Fannie Mae does not specify other minimum requirements for size, roof pitch, or any other specific construction details for HUD-coded manufactured homes.

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© Copyright 1997-2025
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Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
DMCA Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
All Forms
Search all Forms
Industries
Forms in Spanish
Localized Forms
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232