Free Credit Report on Small Mobile Home Park Loan Program

We will pay for a tri-merge credit report (a report showing all three credit bureaus), a $50 value.

Unlike residential loans, most commercial loans do not offer a 60-day rate lock, and your rate floats until documents are drawn just before closing. For a $500 refundable rate lock deposit on the Small Mobile Home Loan Program, you can lock your rate at any time within a 60-day period prior to closing. (On the Large Mobile Home Park Loan Program, please call your loan officer for a quote on the refundable rate lock deposit).

Think of your mobile home park loan officer as your loan coach. We will provide you with a free consultation on your investment strategies. We will assist you by analyzing for value and financing, an unlimited number of mobile home parks and other commercial properties which you are considering for purchase. We will be your resource for commercial real estate investment, as well as guiding you through the loan process.

Our interest only loans can really save you on your monthly payments! They have a 3 or 5-year fixed rate and go up to 70% LTV. These loans continue as adjustable rate mortages for 27 to 25 years. Please call your mobile home park loan officer for more details.

With basic property financials, and the authorization to pull your credit, we will provide you with a letter pre-approving both you and the property. Our mobile home park loans have over a 95% success rate of funding as proposed, as stated in our letters of pre-approval. This is because of the market research we do on the property, and our reviewing more difficult transactions with senior credit officers in Chicago.

Stated Income

When underwriting our Small Mobile Home Park Loan Program, unlike most commercial loans, we do not calculate your personal debt-to-income ratios. You can actually state your current income on our application and this does not have to match your tax returns. If you have either lower than average income or no income on tax returns, or higher than average personal debt, or both, your loan will most likely be approved. We can do this because our underwriting is based on your good credit and the adequate income from the property supporting our loan.