Our Near Miss program is specifically designed to cater to borrowers looking for a straightforward path to owning a mobile home, using just a Profit and Loss statement. Say goodbye to the complex documentation requirements and hello to a smoother, more accessible mortgage solution.
The Near Miss Program: Your Key to Mobile Home Ownership
Who Benefits? This program is a game-changer for self-employed individuals, those with unique property interests, or anyone who has faced a recent credit event. If traditional mortgage options have felt out of reach, the Near Miss program is here to bridge the gap.
Program Highlights: Tailored for You
Designed for Mobile Homes: Whether you're dreaming of a single-wide or double-wide, our program covers mobile homes with land, ensuring you find the perfect fit.
P&L Documentation: We understand the unique challenges self-employed borrowers face. That's why a P&L statement is all we need to assess your income, making the process straightforward and hassle-free.
Flexible and Inclusive: With loan amounts from $50K to $865K and a minimum credit score requirement of 600, we're opening doors to a wider range of borrowers.
Comprehensive Financing Options: Whether you're looking to purchase, refinance, or cash out, our program offers LTV up to 80%, with terms from 15-30 years at a fixed interest rate.
A Success Story to Inspire
Consider the story of a borrower eager to purchase their dream mobile home. Traditional income verification methods were a roadblock due to their self-employment status. The Near Miss program, with its reliance on a P&L statement, turned their homeownership dream into a reality, showcasing our commitment to flexible financing solutions.
Why the Near Miss Program Stands Out
No Reserves Required: Jumpstart your journey to homeownership without the need for substantial savings.
ITIN & SSN Eligibility: Our doors are open to a diverse range of borrowers, ensuring everyone has a chance at homeownership.
Gift Funds Accepted: Enhance your buying power with the help of financial gifts from loved ones.
Start Your Journey Today
With the Near Miss loan program from Best Option Mortgage, financing a mobile home has never been easier. If you're self-employed and thought mobile home ownership was out of reach, let us guide you through a simplified process that respects your unique financial situation.
Curious about how we can make your mobile home ownership dream a reality with just a P&L? Chat with us today for more information or to begin your application. Embrace the opportunity to own a mobile home with ease and confidence.
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Best Option Mortgage is a DBA of ML Mortgage Corp. ML Mortgage Corp. is a state-licensed mortgage lender, NMLS ID #362312, licensed by the CA Department of Financial Protection and Innovation under the Finance Lenders Law, License #60DBO69831. For other states, visit www.mlmortgage.net. To verify licenses, visit www.nmlsconsumeraccess.org. All loans are subject to credit approval and acceptable collateral. Additional terms and conditions apply. Programs, rates, terms, and conditions may change without notice. Not all programs are available in all states. There is no guarantee that all borrowers will qualify. Restrictions may apply. This is not a commitment to lend. © 2024 ML Mortgage Corp. All rights reserved.