A customer cannot be currently in a Chapter 13 or Consumer Credit Counseling. No derogatory credit will be accepted afterward. There is no stated income or light-doc program . All income must be verifiable through pay stubs, tax returns and w-2 s. A written VOE may be required.
Debt consolidation is available for both singlewide and doublewide owners.
Cash received from the borrower from cash out may be used for any purpose. A Minimum 630 Credit Beacon FICO score is required. Brokers can order appraisals. Appraisals will need to be paid by the borrower or seller. Below is a sample approval reflecting our general requirements on a typical borrower.