Santiago Financial Insurance Services

Did you know that Santiago Financial can help you insure your manufactured home? If you are currently financing your home, you are likely already required to insure your manufactured home and reviewing your policy for coverages and rates annually is always a good idea.  In addition, if you own your home outright, it is wise to continue your insurance coverage so you will be able to repair or rebuild in the event of a loss.  Conveniently, Santiago Financial Insurance Services offers competitive rates with top rated insurance companies.  If you finance your manufactured home with Santiago Financial, we can provide you with a quote and you can finance the first year’s premium.

Being that your manufactured home is likely one of the largest investments you will make, insuring your home and belongings is crucial. One natural disaster or accident could potentially jeopardize your home and most of your possessions, so why risk it? With our simple, free online application, there is no reason not to take the first step in insuring your new manufactured home.

Santiago Financial Insurance Services prides itself on partnering with leading insurance companies to offer comprehensive manufactured home insurance at an affordable rate. Policy coverage protects your manufactured home against sudden disasters, liability, in addition to financial loss and damage. Earthquake is also offered as optional coverage.

For your convenience, we offer free insurance quotes on our simple online application. If you should have any questions regarding insurance or applying for your free quote, please contact Lisa at lrassmy@santiagofinancial.com or (800) 232-3908 ext 112. We look forward to helping you insure your manufactured home!

Comparable Sales

Comparable sales reports are a valuable tool in determining the value of a manufactured home in a park to sell or refinance. These reports also help appraisers to determine the value of the home that they are appraising. Lenders use comparable sales reports to confirm home values.

Sample

(Click to zoom)COMP REPORT

Order Your Report Today

Santiago Financial, Inc. provides two different options for receiving comparable sales reports– Individual Reports and Membership.

For a limited time, we are offering a FREE report to new customers. This limited offer is good until September 25, 2017. Click to order now. Individual reports are usually $25.00.

Membership for online access to the California comparable sales reports and title information reports is a quarterly paid service that allows you to receive comparable sales reports and title information reports on manufactured homes in California online. We offer membership packages for retailers, realtors, appraisers, brokers, and lenders starting at $300.

Overall Processing Timeline

Apply using the Santiago Financial, Inc. Credit Application online, by email or by fax, or by phone.

Once approved, Santiago Financial will send the agent and buyer an approval package with the list of conditions including the forms Borrower Signature Authorization (BSA), Mortgage Loan Origination Agreement (MLOA), Park Approval, Appraisal Acknowledgement, Purchase Order, Request for Tax Transcripts (4506-T), and 1003 Credit Application. Once received, the forms are to be filled out by the buyer and co-buyer and returned to the Processor.

Next, escrow will be opened and the buyer will make an initial deposit that is considered a portion of the total down payment.

Once we receive the completed documents, the Processor will clear the buyer and co-buyer’s incomes using the requested conditions. An appraisal (COD) is also required prior to order loan documents and will take approximately 1-2 weeks to complete and have our lenders review.

Additionally, Santiago Financial, Inc. has manufactured home insurance in-house for competitive rates. However, the buyer is not required to obtain insurance through Santiago Financial, Inc. but is required by law to obtain a one year policy on the home purchased. If the buyer chooses to proceed with the insurance Santiago Financial, Inc. offers, they have the option to finance the first year’s premium (depending on lender approval). Triad and CU will not finance closing costs normally.

Once all the conditions have been met, the Processor will order loan documents, which will take approximately four days for the lenders to create and send to escrow. The buyer will be notified to contact escrow to schedule an appointment to sign. Escrow overnights the loan documents back to the lender. If required, the Processor will advise the buyer to call for their post-doc interview with the Lender. The loan normally funds approximately four business days after document signing. Upon receipt of funds, escrow is able to close and the buyer is given possession of their new home.