• Lender Updates

Manufactured Housing & Manual Underwriting

November 22, 2019


Manufactured Housing Loans


Reminder: US Bank made the following changes to loans secured with manufactured homes:




  • Minimum credit score of 680


  • Maximum DTI is 45%


  • NO Manual Underwrites Allowed


Please note these changes affect all loans reserved September 2, 2019 or later.



Manual Underwriting


Effective immediately: US Bank has changed the manual underwriting guidelines for new loan reservations on both Conventional and Government loan products.


FHA, USDA & VA


FHA, USDA and VA table


HFA Advantage - No manual underwriting for HFA Advantage


HFA Preferred - Fannie Mae HFA Preferred ONLY



Manual underwriting is not allowed on 2-4 unit properties


 


Nia Girma

702-486-5946


Josie Hatem

702-486-5983



Lastly, thanks for being you. (We just couldn’t pass up the opportunity to tell you how much we appreciate you.)


Please click here to see program guidelines


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