Eligible manufactured homes must meet all FHA and US Bank guidelines, including requirements for a permanent foundation. The borrower’s minimum credit score must be 660 or above.
On the flip side, manufactured homes continue to be ineligible for any CalHFA Conventional first mortgage or California Homebuyer’s Downpayment Assistance Program (CHDAP) loan that is subordinate to a non-CalHFA first mortgage. The only CalHFA financing programs available for manufactured homes are CalHFA FHA first mortgages which can include a CHDAP subordinate loan. ##
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