New at Plaza! Provide senior borrowers living in manufactured homes with a financial solution that meets their unique needs with reverse loans from Plaza Home Mortgage®! Discover how reverse mortgages can be an excellent fit for your clients and help them secure their financial future.
Key Eligibility Criteria for Manufactured Homes:
- HUD Certificate Label and Data Plate (affixed to home, if not, an IBTS report is required)
- Property must be built on or after June 15, 1976
- Property must be classified as real estate
- Includes typical hazard insurance, Master Policy and Individual Liability Insurance
- The borrower must own the land their home is attached to
- Structural Engineer report is required (recommended to order during underwriting)
- If the complex has a condo distinction, it must be FHA Approved
- Plaza can provide a DELRAP approval if it meets FHA guidelines
Since 2008, Plaza has been dedicated to putting reverse mortgage clients first, offering comprehensive support and tailored solutions to help navigate the reverse mortgage process. Contact us today to learn how we can support you in providing this valuable solution.
