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 the last six months in the park or community and takes into account physical aspects of the home. This value affects the loan amount our lenders approve the buyer(s) for. …

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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 the loan decision between 24 and 48 hours after it is submitted to them, excluding weekends and holidays. The decision will then be shared with the buyer(s) and agent, if …

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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 for each buyer. Day 1 Complete our credit application online, or fill out a printed copy of our credit application. If you completed a printed application, please email or fax it back to our …

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