family with a conventional home mortgageManufactured and modular homes have come a long way from the mobile homes and trailers of the past. These homes offer a significant reduction in costs today compared to site-built homes, without having to sacrifice design, space, and amenities. In fact, many modular and manufactured homes are indistinguishable from site-built homes, and the technology and quality is getting better every day. Because of the dramatic improvements in manufactured and modular homes over the years, buyers can now qualify for conventional loans with rates and terms similar to loans for site-built homes.

Cascade offers one of the best conventional modular and manufactured home loan programs in the country. Our conventional loan program is designed to help qualified buyers get loans with affordable rates and reasonable monthly payments. Since 1999, we have helped countless individuals and families achieve an important step in the American Dream – home ownership.

Qualifying for a Conventional Modular & Manufactured Home Loan

Like conventional loans for site-built homes, there are stricter qualification standards for conventional manufactured and modular home loans as well. Individuals need a credit score of 680 or more to qualify for a conventional home loan at Cascade. If your credit score happens to fall below 680, please check out our FHA, VA and USDA loans options.

Benefits of Cascade’s Conventional Manufactured & Modular Home Loan Program

Some of the benefits of Cascade’s conventional loans for manufactured and modular homes include:

  • Maximum loan limit is currently $417,000 (higher in designated “high cost” areas).
  • No upfront mortgage insurance premiums.
  • No monthly mortgage insurance if your LTV is below 80%.
  • The availability of construction financing at an LTV of 80% or lower.
  • The conventional loan can be used to purchase a second home (other manufactured home loans such as FHA, VA, and USDA are available only on a primary residence).

Cascade’s conventional loans for manufactured and modular homes also come with low interest rates and our Meet or Beat Guarantee – if you can get a better rate on the same loan product from another company, we will do everything we can to meet or even beat that rate.

Service & Commitment

When you work with Cascade, you can count on the highest level of service in the industry. We have an A+ rating from the BBB and countless satisfied customers. Our loan specialists are highly skilled and take the time to understand your needs and offer personalized service based on those needs.

Do you qualify for a conventional modular or manufactured home loan? You can find out by calling us at 877-869-7082 or starting your online application today.