If you're the "read the first sentence for my determination" person then take this as a YES, to use Statewide Funding as your start to a new home (for us it was a manufactured/mobile home). YES, they are real. YES, they are professional. And YES, they ans
...
If you're the "read the first sentence for my determination" person then take this as a YES, to use Statewide Funding as your start to a new home (for us it was a manufactured/mobile home). YES, they are real. YES, they are professional. And YES, they answer the phone (it may take two or three, but they answer). They also provide other services but my review is directly tied to purchasing a home.
For the long review, you come in thinking you know it all, but you quickly learn how much different mobile home lending is than traditional/conventional loans. This is the most confusing/frustrating part of the transaction. However, it is important to understand Statewide's role in this process with you. They aren't the ones who are preparing your loan docs, but rather providing you with a pre-approval so you can obtain your new home. While it may seem like they are the one's approving your loan, it really falls behind the scenes with the private investors and with whom you're paired with (we had Santiago Financial). Whoever you have on your team, you can be assured that your emails, texts, and calls will be answered and addressed. They do a great job of keeping you up to date and educating you on things you have no idea about. Take the time to ask questions. Ask the same question over and over again for clarity. We had Damu and Andrea on our team. Although it may seem like they aren't urgently working on your application, they do put forth the utmost effort on your behalf to check all the boxes to get this done. Again, this lending is so much more different than traditional lending. So, when you get that negative feel of, "they aren't even doing anything for me," I recommend stepping back and understanding that you don't know what is happening behind the scenes. And I say this because there were times throughout the process where Damu was providing updates, even after hours-personally check in-because I thought things weren't progressing. It's a good awakening that many of us entitled borrowers will need at least once in our lifetime. Another experience here of them working above and beyond for us is Andrea following up outside of work normal operating hours to get a fast start to the day. The communication is prompt, and Andrea does her job, just like Damu, to check all the boxes. I say all of this to say that you will need to be checked because you don't know all of the moving parts. Also, just know that there are so many repetitive requests, but it's apart of the loan process from the private investors. Just do it. Relax. They're with you through every step of the way.
Read more
Hide