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Andrade Real Estate Services

Before 1976

  • Primary Residence
  • Non-QM
  • 500 Min FICO
  • 5% Min Down

This Manufactured Home Loan Program provides financing for older mobile/manufactured homes, including those built before June 15, 1976 (pre-HUD standards). Unlike FHA, VA, or Conventional loans — which do not allow financing on pre-1976 homes — this program specializes in hard-to-finance properties. It offers flexible options on foundation type, borrower credit profile, and income documentation. Interest rates are higher than government or conventional loans (8.5%–13%) due to the increased risk, and larger down payments may be required depending on credit, property type, and borrower circumstances.

 

This program is ideal for buyers who:

  • Need to finance a pre-1976 manufactured/mobile home.
  • Have a FICO score as low as 500, with flexible down payment options.
  • Want to finance with or without a permanent foundation.

  • Have unique scenarios such as ITIN borrowers, buy-for arrangements, or prior credit events.

Scenario

Credit Score

Max LTV

Min Down

Notes

Standard Purchase

680+

95%

5–10%

Best terms available.

Standard Purchase

600-679

85%

15%-20%

Mid-tier credit.

Standard Purchase

<600

80%

20%-35%

Larger down required due to risk.

Retaining Current Home

Any

80%

20%

Applies if retaining current residence.

Non-Occupant Purchase

Any

80%

20%

Treated as higher risk.

Bankruptcy

Any

80%

20%


Depends on recency and re-established credit.


Short Sale / Foreclosure

Any

80%

20%

Strict requirement due to risk.

Occupancy Requirement

Primary residence


Primary residence or second home only.

Investment Property


Investment use typically ineligible under this program.

Credit & DTI

FICO


Minimum 500 (down payment tiered by credit).

Ratios


  • Housing ratio: 45%.
  • Total DTI: 43–65% (flexible case-by-case).

Residency Eligibility

Eligible


  • Valid SSN — must have a valid Social Security Number (SSN).
  • Permanent residents — must provide a valid, unexpired Green Card.
  • Non-permanent residents — eligible with valid visa or Employment Authorization Document (EAD).
  • ITIN borrowers are eligible, provided the ITIN number matches consistently across all documents (such as W-2s, paystubs, and identification).

Ineligible


  • Foreign nationals without ITIN or valid U.S. ID.

Loan Features

Rates


8.5% – 13% (credit & property dependent).

Refinance Programs


Available (rate/term or cash-out subject to credit/down).

Property

Foundation


Allowed with or without permanent foundation.

Age


Any age home, including pre-1976.

Borrower Type

Required Documents

All Borrowers

Driver’s license and Social Security card (or Gov’t ID for ITIN).

All Borrowers (Assets)

2 months bank statements to source down payment funds.

W-2 Employees

Recent paystub + 2 years W-2s.

Self-Employed

2 years federal tax returns + current year Profit & Loss statement.

Retirement / Social Secsurity

Current award letter + 2 years 1099s + 2 months bank statements.

Seller Contributions

Maximum Contribution


Seller contributions are considered on a case-by-case basis.

Allowed Uses


Typically restricted to covering allowable closing costs. They cannot be applied toward the borrower’s down payment or reserves.

Disclaimer – This matrix was published on 09/26/2025. Program guidelines may have changed since then. Please contact Alexis to confirm the most current requirements. For complete details, refer to the Partner Matrices PDF or reach out directly to Alexis for program-specific guidance.

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Contact Loan Officer

Alexis Andrade
Mortgage Loan Officer
NMLS #2553405
alexis@sjmorganple.com