While other financial institutions do not finance manufactured, mobile or modular homes, Santiago Financial Inc. SPECIALIZES in this area. We offer a wide variety of loan programs for purchases or refinancing on all types of factory built homes without any prepayment penalties.
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Program I Excellent/Good Established Credit Homes built after 6/13/76 Min 5-10% down payment Terms 20-23 years fully Amortized |
Program II Fair/Good Credit Homes built after 6/13/76 Min 10-20% down payment required Terms to 20 years Terms 20-23 years fully Amortized |
Program III Limited/Marginal/Poor credit All Age Home Min 25-50% down payment required Terms 10-23 years fully Amortized |
Program IV Pre Hud Fair/Good Credit Homes built prior to 6/13/76 Min 20-25% down payment required Terms 15-23 years fully Amortized |
Program V Land-Home Min 10% down on homes built after 6/13/76 Min 20% down on homes built prior to 6/13/76 Larger parcels, 2 homes on property considered on case by case basis Terms 20-23 years fully Amortized |