We offer the choice of an FHA loan or a conventional mortgage of up to 30 years for the purpose of refinancing an existing manufactured home. ditech’s manufactured home loans cover both the home and the home site.
Many homeowners refinance after the death of a spouse or co-borrower. If you plan to refinance, submit a certified copy of your spouse’s death certificate with your County Recorder’s office, if the office has not already recorded it.
Taking this step will not affect the existing mortgage, but it does permit you to seek refinancing under your name. As a full-service mortgage company, we do offer refinancing options, including the Home Affordable Refinancing Program or HARP Refinance options. Please visit the Home Refinance page to explore all your refinancing options, or call us at 1-800-700-9212.
To learn more about loan assumptions, visit our Assuming a loan page.
If you are a military service member, veteran or surviving spouse of a veteran, you may be eligible for a VA loan. In addition, if you are eligible for a VA loan, you will receive a $200 prepaid card through the Thanks4YourService program when you close any mortgage loan with ditech.
Possibly. Your credit score is only one of the factors taken into account when you apply for a refinance loan. We also look at your employment history, income, debt and cash reserves.
Cash-out refinancing is borrowing money from the equity in your home based on its current value. For example, if your home is valued at $100,000 and your current mortgage balance is $50,000, you could take $20,000 cash out when you refinance and have a new mortgage balance of $70,000.
It depends, but in many cases, an appraisal is required. Learn more about appraisals.
Closing costs vary and are determined by mortgage type and where you live. These typically include lender fees and third party fees, such as for an appraisal and title insurance. Click here for a list of closing costs.