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In general, you will need to have established good credit to qualify for a manufactured home loan. That said, at RoseLake Estates, your credit doesn’t have to be perfect.

Your FICO (Fair Isaac Credit Score) generally needs to be 600 or higher. If you’ve had any bankruptcies, they need to have been discharged for at least four years with some re-established credit.

At RoseLake Estates we can refer you to a financial company or you can choose your own financing. We are happy to work with a potential good neighbor to help you get the best rate possible on the manufactured home you want in our beautiful Pendleton community.

Not sure about your credit score?

There are three major credit reporting bureaus that share a site where you can access your credit report at www.annualcreditreport.com. Each of the three bureaus on the site allow you to get one free report each year.

What are interest rates like now?

Although interest rates are still low, they are poised to rise in the next several months. That said, rates can vary greatly. Factors that affect rates and terms are:

  • age of the home
  • amount of down payment, and
  • the amount of your loan.

 What if you want to refinance before rates go up?

If your credit is more established now than when you first obtained your loan, it might be a good idea to refinance before rates go up. There’s a good chance it could lower your monthly payment.

At RoseLake Estates, we want our new homeowners to get the best rates possible on the best quality home they can afford. If you want to live in our community, give us a call. We’re here to help your family call RoseLake Estates, home.


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