- Doublewide only, no single wide
- Primary Occupancy
- Purchase and refinance
- Minimum Credit Scores 660
- Minimum Loan amount $85k
- Down payment 3.5% FHA loan
- Gifts are allowed, up to 6% of the loan amount
- Income document type: 2 years of tax returns, w2’s and 30 day paycheck stubs, if applicable.
- Terms for the loan, 15,20and 30 years
- Fixed rates no prepayment penalties
- Requires an Escrow account. Taxes and insurance together in the monthly payment
- 2 months of Reserves (savings) required. 2 months equivalent to the new mortgage payments
- Yes there is mortgage insurance
- Max debt to income ratios 43%
Came to the Contrasto team to prequalify for a new house loan. We had worked with Contrasto when getting our current home.They took time to explain what we needed, ad were very helpful in suggesting where we could get additional help. They are great partners. The Contrasto team was very professional, courteous and provided excellent service to me when I was buying a new home.
“My wife and I have used Patti's services on two different occasions when we purchased homes. She always provided excellent service, is very knowledgeable, very professional, and very friendly. We highly recommend her.”
"Outstanding service!!! Patti and Team are amazing!! They will work hard to get you the best possible deal and ensure the entire process is completed in a timely manner. All the while explaining you the entire loan cycle step-by-step, so you never feel out of place. If you have any doubts about whom you should be working with, contact Patti and Team. You won't regret it!!"