Alix Jeune c/o refi

Short answer

No current lender on our platform will do a second‑lien cash‑out on an owner‑occupied manufactured home in Florida with a 620 FICO. All available programs either exclude manufactured homes for seconds, require higher credit, and/or don’t permit prepayment penalties on owner‑occupied seconds.

What we found by lender

Lender	Program(s) checked	Verdict	Key blocker(s)
A&D Mortgage	Prime/Super Prime; 2nd‑lien guidelines	Not eligible	Manufactured homes ineligible for 2nd liens; min FICO 680 [53], [8]
Champions Funding	Activator – FULL & ALT‑DOC	Not eligible	Manufactured homes ineligible; 2nd liens allowed but property type and 620 FICO (min 640) fail; no OO prepay allowed
Change Wholesale	Alt Doc Prime/Advantage/Expanded/Express; Community	Not eligible	Manufactured homes ineligible; programs are first‑lien only; OO prepay not allowed [41], [4], [9]
Deephaven	Equity Advantage (2nd), Elite (2nd), HELOC, EP/NP/DSCR	Not eligible	Manufactured homes excluded across second‑lien offerings; OO seconds also don’t offer prepay
NQM Funding	Second Lien Select (closed‑end)	Not eligible	Manufactured ineligible; min FICO 680–700; OO prepay not allowed
The Lender	the2nd, theLine	Not eligible	Manufactured ineligible; the2nd min FICO 660; OO prepay not allowed
Wholesale Mortgage Direct	MyEQuity/He‑MAN/SecondXpress	Not eligible (as‑is)	Only SecondXpress permits manufactured (real‑property titled) but needs 640 FICO and DTI ≤45% standard; OO prepay not allowed

Bottom line: Manufactured + owner‑occupied + second‑lien cash‑out + 620 FICO + 5‑year prepay is outside all current program boxes.

Possible paths to make it work

• Improve credit to 640 and accept no prepayment penalty: We can re‑check SecondXpress HELOAN & HELOC if the home is titled as real property and DTI fits (typically ≤45%). No OO prepay.
• Switch to a first‑lien cash‑out refi on manufactured housing: Some first‑lien Non‑QM options may allow manufactured (requirements vary). I can run a fresh search for 1st‑lien cash‑out.
• Different collateral or property type: Site‑built primary residences open many second‑lien options.
• Drop the prepayment penalty requirement: Most consumer/OO second‑lien programs prohibit prepayment penalties.

Quick questions to refine next steps

1. Is the manufactured home HUD‑code, on a permanent foundation, and titled as real property?
2. Are you open to a first‑lien cash‑out refi instead of a second‑lien?
3. Can you target a 640+ FICO and/or accept no prepayment penalty?
4. How many months of reserves are available?

If you confirm these points, I’ll rerun options and surface any programs that could fit.

Short answer

Only one possible fit: Wholesale Mortgage Direct – SecondXpress HELOAN & HELOC, but you must drop the prepayment penalty and likely keep DTI ≤45%. All other lenders on our platform are ineligible for an owner‑occupied second‑lien cash‑out on a manufactured home in Florida at 640 FICO.

What fits and what doesn’t

Lender	Program(s)	Verdict	Key notes
Wholesale Mortgage Direct	SecondXpress HELOAN & HELOC	Potentially Eligible	Allows manufactured (must be titled as real property). Min FICO 640 OK. Typical DTI cap ~45% at 640; 50% usually needs higher FICO/residual income. No prepayment penalties on owner‑occupied.
A&D Mortgage	Closed‑End 2nd; Prime/Super Prime (alt)	Not eligible (2nd)	Seconds: Manufactured ineligible; OO min FICO ≥680; OO prepay not allowed [53], [8]. First‑lien Prime may work (no OO prepay).
Champions Funding	Activator – FULL & ALT‑DOC	Not eligible	Manufactured homes ineligible; OO prepay not allowed.
Change Wholesale	First‑lien Non‑QM only	Not eligible	No second‑lien/HELOC programs; OO prepay not allowed.
Deephaven	Equity Advantage seconds/HELOC	Not eligible	Manufactured ineligible on seconds/HELOC; OO prepay not allowed.
NQM Funding	Second Lien Select (Closed End)	Not eligible	Manufactured ineligible; min FICO 680; requires 2‑yr full doc; OO prepay not allowed.
The Lender	the2nd, theLine	Not eligible	Manufactured ineligible; FICO floors above 640; OO prepay not allowed.

Key constraint: Consumer/owner‑occupied second liens generally cannot have prepayment penalties. Keeping “5‑year prepay” will block all options.

Recommendation

• Best path: Proceed with WMD SecondXpress if:
  • You remove the prepayment penalty.
  • The manufactured home is HUD‑code on a permanent foundation and titled as real property.
  • DTI can be structured to ≤45% (at 640 FICO).
• Alternative: Consider a first‑lien cash‑out refi. Some first‑lien Non‑QM programs allow manufactured at your 640 FICO and 65% LTV (no OO prepay).

Quick confirm so I can run pricing/terms

• Is the home titled as real property (not chattel)? Year built and single‑wide vs multi‑wide?
• Your actual DTI (not just max target)? Can we get to ≤45%?
• Months of reserves available?

Short answer

No current lender on our platform will approve a second‑lien cash‑out on an owner‑occupied manufactured home in Florida—even as real property, double‑wide (1985), 640 FICO, 65% CLTV, and DTI ≤45%. Every available second‑lien program excludes manufactured housing; several also require higher FICO and prohibit OO prepayment penalties.

What we found by lender

Lender	Program(s) checked	Verdict	Key blocker(s)
A&D Mortgage	Closed‑End Second	Not eligible	Manufactured homes ineligible; min FICO 680 [53][8]
Champions Funding	Activator – FULL & ALT‑DOC	Not eligible	Manufactured homes ineligible; OO PPP not allowed
Change Wholesale	First‑lien Non‑QM only	Not eligible	No stand‑alone seconds/HELOC; manufactured ineligible [9][41]
Deephaven	Equity Advantage/Elite/HELOC	Not eligible	Manufactured ineligible for seconds/HELOC; OO PPP not allowed
NQM Funding	Second Lien Select (Closed End/Delegated)	Not eligible	Manufactured ineligible; min FICO 680–700; OO PPP not allowed [23][25]
The Lender	the2nd, theLine	Not eligible	Manufactured ineligible; FICO floors 660–720 depending on product/state; OO PPP not allowed
Wholesale Mortgage Direct	SecondXpress HELOAN & HELOC	Not eligible	Manufactured homes ineligible for SecondXpress (year/HUD code doesn’t cure) [4]

Bottom line: Manufactured + owner‑occupied + stand‑alone second‑lien cash‑out is outside all current program guidelines.

Options to make it work

• Switch to a first‑lien cash‑out Non‑QM on manufactured housing (HUD‑code, permanent foundation). Several first‑lien programs can allow this profile at 65% LTV and 640 FICO.
• If the home is actually modular (not manufactured/mobile), we can re‑evaluate second‑lien options.
• Different collateral (site‑built SFR/townhome/condo) would open multiple second‑lien options.

Quick follow‑ups

• How many months of reserves do you have?
• Are you open to a first‑lien cash‑out refi on this manufactured home, or do you have a site‑built property that could secure the second lien?

Short answer

One potential fit: Wholesale Mortgage Direct’s SecondXpress HELOAN/HELOC—if you drop the prepayment penalty. All other lenders exclude manufactured homes for second‑lien owner‑occupied cash‑out or have other blockers.

Best match

• Wholesale Mortgage Direct — SecondXpress HELOAN & HELOC
  • Allows manufactured homes if titled as real property (your 1985 double‑wide is OK if properly titled)
  • 2nd lien cash‑out OK; FL allowed; OO allowed
  • Min FICO 640 (you have 680); DTI ≤45% OK; $50k–$500k (you’re $180k); CLTV up to 90% (you’re 65%)
  • Full Doc 1‑Year accepted
  • No prepayment penalties on owner‑occupied seconds ^{[Program Highlights]}

Why others don’t work

Lender	Program(s) reviewed	Verdict	Key blocker(s)
A&D Mortgage	Closed‑End Second	Not eligible	Manufactured homes ineligible; no PPP on OO seconds [53][9]
Champions Funding	Consumer seconds	Not eligible	No consumer second product; manufactured ineligible; no PPP on OO [121][1]
Change Wholesale	First‑/Alt‑Doc programs	Not eligible	No second‑lien product; manufactured ineligible across first liens; no PPP on OO [9-10][1-2]
Deephaven	Equity Advantage seconds/HELOC	Not eligible	Manufactured ineligible; no PPP on OO [Property Types]
NQM Funding	Second Lien Select (Closed End)	Not eligible	Manufactured ineligible; requires Full Doc 2‑Years; no PPP on OO [Property Types][Income Docs]
The Lender	the2nd, theLine	Not eligible	Manufactured ineligible; FL overlay/FICO for HELOC; no PPP on OO [Property Types][State/FICO Overlay]

Key takeaway: Consumer/owner‑occupied second‑lien loans generally do not allow prepayment penalties. Keeping a “5‑year PPP” requirement will block even SecondXpress.

Next steps

• Confirm you can proceed without a prepayment penalty for SecondXpress.
• Provide months of reserves available so we can finalize eligibility and price out HELOAN vs HELOC.