AFR
AFR OTC Program Overview:
- EMAIL FROM MICHAEL BOLLER AT AFR REGARDING OTC LOANS
- 658 AFR One Time Close Program - Outline and Acknowledgement Agreement DRAW_Broker 6.2023.pdf
- OTC-Project-Packet.pdf
- Builder Registration Process and Doc breakdown Builders (002)
- Defining Roles OTC Loans
- FHA One-Time Close Program Specifications
- OTC-Fees-Slide
Unique Product Offerings from AFR:
AFR Finances:
- Singlewide Manufactured Homes
- Doublewide Manufactured Homes
AFR does NOT finance barndominiums.
Guidelines:
- For all manufactured homes, they must be on a permanent foundation, never been moved, and considered real property. They cannot be in the park setting.
- For conventional singlewides, the home has to be less than 10 years old.
- For singlewides under FHA and VA, they have to be built after June 1976.
- For multi-width manufactured homes, they have to be built after June 1976 under all agencies.
- For USDA, all manufactured homes have to be less than 12 months old no matter the width.