Finance Your New Home with Star West Homes

Your Trusted Provider of Manufactured Homes in Nevada

At Star West Homes, we understand that every customer has unique financing needs. That’s why we offer a variety of financing options tailored to fit different circumstances. We believe there’s no one-size-fits-all solution in home financing.

Financing ServicesNeed help with financing?

Financing Services

A variety of financing programs are available to accommodate homebuyers of all credit scores and down payment capabilities. Let us assist you in finding the perfect financing solution tailored to your needs:

First-time Homebuyer Grants and Down Payment Assistance

With homebuyer grants and down payment assistance programs, you could be a homeowner sooner than you think. Down payment assistance programs are designed for homebuyers who can afford monthly mortgage payments but may not have enough for a down payment. Here are the most popular programs available:

  • Minimum down payment requirement of 3.5% of the total loan amount.
  • Your debt-to-income ratio (DTI) must be less than 43%.
    Requires an upfront and monthly mortgage insurance premium to protect
    lenders in case of default.
  • Minimum credit score based on size of down payment.
  • FHA Mortgage paired with a 3.5% down payment assistance which is forgivable after 3 years.
  • No first time homebuyer requirement.
  • No income limits.
  • Credit score as low as 600.
  • Designed for low-to-moderate income homebuyers and offer 100% financing
    in rural areas.
  • Property must be in a USDA eligible area.
    Only available for new homes built in the past 12 months and must meet
    minimum size requirements.
  • The home must meet all Federal Manufactured Home Construction and Safety Standards (FMHCSS).
  • Home must be zoned, taxed and recorded as real estate.
  • Zero-down payment options to eligible members of the U.S. military and surviving spouses.
  • These government-insured loans remove many of the typical up-front and ongoing costs of mortgages.
  • Don’t require private mortgage insurance (PMI).
  • Manufactured home must be permanently affixed to a foundation on owned land (not leased).
  • Assistance up to 5% of the total loan amount.
  • Assistance can be used for down payment or closing costs.
  • Programs for both first time and repeat homebuyers.
  • Income limits apply.
  • 680 minimum credit score for manufactured housing.
  • Additional programs for veterans, active military, and licensed K-12 teachers.
  • Assistance up to 4% of the total loan amount.
  • Assistance can be used for down payment or closing costs.
  • No first time homebuyer requirement.
  • Income limits apply.
  • 680 minimum credit score for manufactured housing.
  • Interest rate is around 1% lower than average interest rates.
  • Assistance up to 4% of the total loan amount forgivable after 5 years
  • Assistance can be used for down payment or closing costs.
  • Must be a first time homebuyer.
  • Income limits apply.
  • 680 minimum credit score for manufactured housing.
Need help with financing?
Other types of financing available

Other Financing Options Available

If you are looking to purchase land and construct a home on it, a “one-time-close” construction to permanent with improvement disbursements may be your best option. Land can be purchased, provided as collateral for down-payment, or refinanced

Whether your home will be located on private property or a land lease community, financing options are available for both used and new manufactured homes.

“Buy-For” options are available that allow you to purchase and finance a home for someone else, with a minimum 20% down payment.

If you are purchasing a rental or investment property with a minimum 20% down payment, there are 10, 15, 20, and 25 year term options based on loan amount and credit score.

Financing is available if you are purchasing a vacation or second home that will not be your primary residence.

Some financing options are available if you have low or damaged credit or no credit history.

Financing is available for individuals with a valid Individual Tax Identification Number (ITIN).

Ready to get started?Get Help With Financing Now

Let Star West Homes assist you in finding the ideal loan. Utilize our quick quote form to connect with lenders tailored to your home financing requirements. These lenders have expertise in factory-built home lending and specific home loan nuances.

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