Loan Information

Loan Servicing Information

At Mobile Magic in Napa, California, we generate loans and find homes for mobile home buyers. We serve both the purchasing and refinancing for the loan servicing information. Give us a call today and see what we can do for you.

Trust Mobile Magic to provide full loan servicing information when securing a loan for a mobile/manufactured home. We are recommended by many larger banks and credit unions throughout California. We will shop around to find the best rate for you.

 

Purchasing

Your manufactured home can be in a park or on privately owned land. We can finance manufactured homes that are 1970 and newer.

We’re able to finance buyers with credit scores as low as 600. We can finance single, double, and triple wide manufactured homes and with or without foundation.

We have a manufactured home “Buy For” program, which means you can purchase the home for someone else. We finance self-employed borrowers with no tax returns necessary for individuals.

Refinancing

We can refinance manufactured homes from 1970 and newer. We have cash out refinancing available for manufactured homes as well as rate and term refinancing available for manufactured homes.

 

Credit Score Requirements

Have you ever wondered what your credit score requirements need to be when trying to get a loan?  Don’t guess if you have the proper credit score requirements for a loan. Mobile Magic provides you with all the information you need.

Loan Information

The following are some guidelines for financing a manufactured home. This will be helpful information for you when you decide to retain Mobile Magic:

If your home was manufactured from 1998-2012 you may qualify for up to 95% LTV (Loan to Value), and may get up to a 20-year fixed rate loan. Your credit score will need to be 660 or higher to qualify.

If your home was manufactured from 1976-1997 you may qualify for up to 90% LTV, and may get up to a 20-year fixed rate loan. Your credit score will need to be 600 or higher to qualify.

If your home was manufactured from 1970-1975 you may qualify for up to 75% LTV, and may get up to a 15-year fixed rate loan. Your credit score will need to be 700 or higher to qualify

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