What are JCFs Manufactured Home Down Payment Requirements?
As stated above, we require a minimum of 5% down payment for our manufactured home purchase program with rate breaks at 10% & 20%. We require that consumers provide two (2) recent bank statements to support that the proceeds were in the bank and not borrowed. We also must see all down payment checks as a condition of funding. If the down payment is coming from a 401K account or a home sale, we will need to see a paper trail to support the down payment proceeds. If you are in doubt, please contact customer service for more information and/or clarification.
