Serving Mobile and Manufactured Home Owners For Over 40 Years

Insights from Santiago Financial

Navigating Mobile and Manufactured Home Ownership

Appraisal

What It Is Manufactured home appraisals or property valuations are the process of determining the market value of a manufactured home. Appraisal reports are used

Considerations

During the mortgage loan process, there are many considerations to be made regarding home price, down payment amount, income level, and monthly payment amounts. These

Approval Documents

Estimated closing statement from escrow Provided by escrow, outlines all cost for the buyer and seller. Determines the total cash to close for the buyer.

Information
Manufactured Home Advantages

Cost The cost of manufactured homes on average is less than traditional homes. Often times, the mortgage and space rent for a manufactured home is

Overall Processing Timeline

Apply using the Santiago Financial, Inc. Credit Application online, by email or by fax, or by phone. Once approved, Santiago Financial will send the agent

Glossary

Appraisal: The amount the home is estimated to be worth by an appraiser’s physical inspection of the home. It is calculated using comparable sales for

Approval

Once your Santiago Financial Credit Application is received, it will be submitted to our lenders by a loan processing assistant. The lenders send Santiago Financial

Types of Manufactured Home Loans

Purchase A purchase loan is for applicants looking to buy a new home. The loan can be for just the home, or for the home

Necessary Application Information

Below is all the necessary information for your credit application. It is important to complete the application to the best of your ability to receive

Application Timeline

Before Applying The only document we need before your loan approval is our completed credit application. Make sure all of the necessary information is completed

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