Chattel lenders
Cascade Financial Services
Cascade Financial Services is the trade name of Southwest Stage Funding, LLC, a Chandler, Arizona lender that finances manufactured, mobile and modular homes. In Washington, Oregon, Pennsylvania and Delaware it operates as Cascade Land Home Financing.
Loan programs cover home-only chattel loans, land-home packages, construction loans and government-backed FHA, VA and USDA financing, and the company says underwriting is handled in-house by staff who work only on manufactured home lending. New borrowers start with an online prequalification or a call to the new loans line.
Cascade opened its doors in 1999 and lends in most states, licensed individually in each. It states that it does not originate new loans in Alaska, Connecticut, Hawaii, Nebraska, New Jersey, Nevada, New York or Utah, and that its site is not authorized by the New York State Department of Financial Services. It operates under NMLS #89599, is an issuer of Ginnie Mae securities under issuer number 4006, and cites an A+ rating with the Better Business Bureau.
The company also services loans, with separate contacts for payoffs, escrow taxes, insurance documents and loss mitigation, an existing-customer line and a second office in San Marcos, Texas. Rates, terms and program eligibility are quoted per application rather than published.
Best for
Buyers and owners of manufactured, mobile or modular homes who need chattel, land-home, construction or government-backed financing; not a source for conventional site-built mortgages, and not lending in the states it excludes.
What they do
- Manufactured home chattel (home-only) loans
- Land-home package loans
- FHA manufactured home loans
- VA manufactured home loans
- USDA financing
- Construction loans for factory-built homes
- Modular home financing
- Loan servicing for existing borrowers
Details
| Attribute | Value |
|---|---|
| Founded | 1999 |
| Other offices | San Marcos, TX |
| Licenses | NMLS #89599, Ginnie Mae Issuer #4006 |
| Memberships | Better Business Bureau A+ rating |
What stands out
- Opened in 1999 and lends only on manufactured, mobile and modular homes
- Operates under NMLS #89599 and issues Ginnie Mae securities as issuer #4006
- States it does not originate new loans in AK, CT, HI, NE, NJ, NV, NY or UT
- Operates as Cascade Land Home Financing in WA, OR, PA and DE
- Cites an A+ rating with the Better Business Bureau
Common questions
- What is a manufactured home?
- Manufactured homes are built to the federal HUD code standards established by the National Manufactured Housing Construction and Safety Act of 1974, which took effect in 1976. Models built before that year are called mobile homes.
- Why does the HUD code matter?
- The HUD code sets the standards for the construction, design and performance of a manufactured home, covering design, quality, durability, strength, fire resistance, transportability and energy efficiency, plus performance standards for heating, plumbing, electrical and HVAC systems.
- How is a manufactured home built?
- Manufactured homes are built in factories through a regulated, systematic process. Flooring is constructed in sections with heating, electrical and plumbing connections pre-installed and then finished, walls are built and craned into position and fastened to the floor, and ceilings and the roof follow.