Purchases or refinances, here's what you need to know.
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Must be on a permanent foundation
June 1976 or newer
Must be at least 20 feet wide and have a minimum of 600 square feet of gross living space
Purchases - 80% loan-to-value ratio
Refinances - 60% of appraised value for Cash Out.
Term of 15 or 20 years
7y/6m ARM Manufactured Housing Program
Monthly or biweekly payments
Minimum loan amount - $25,000
Maximum loan amount - $726,200; $1,089,300 for high cost areas as designated by Fannie Mae.
Proof of home owner's insurance is required
Visions will not subordinate or agree to the assignment of any oil/gas/mineral rights lease to a third party.