February 26, 2016

Financing Options

This information is subject to change. We are not affiliated with any lender nor do we receive any compensation from any referral. This information is only to assist our clients in finding financing for manufactured homes in a cooperative ownership arrangement.

An unsurveyed, co-op lot must go through a bank that specializes in co-op lending. Co-op lending generally requires no less than 25% down on the purchase price. We have pre-qualified Terra Siesta Co-Op with the following lender:

CenterState Bank
2100 Manatee Ave W, Bradenton, Fl 34205
Branch: 941-238-0622     Fax: 941-238-0627


The documentation needed to proceed with CenterState Bank includes:

  1. A completed application
  2. Purchase contract with the seller of the property you wish to purchase
  3. Copies of your drivers’ license
  4. 2 years current tax returns
  5. One month’s bank statement of all accounts including investments, IRA and pensions
  6. Employment verification (if employed)
  7. Award letter or pension letter indicating amount you receive for life
  8. Will need homeowners and hurricane insurance proof and, if you are in a flood zone, proof of flood insurance (insurance must be enough to cover the amount of the loan but is suggested and highly recommended that you get as close to the “cost of new” on the appraisal as possible.
  9. Copies of titles


Terra Siesta Co-Op is approved by Harbor Community Bank, Ellenton, FL 34222, contact:

Jamey Dodson | SVP – Residential Regional Sales Manager
NMLS # 442937
410 8th Avenue West
Palmetto, FL 34221

Tel: (941) 209-7842 | Mobile: (941) 720-8841 | Fax: (941) 721-8323 JameyDodson@harborcb.com or Imelda Hart (Imeldahart@harborcb.com)

Harbor Community Bank may require more than 20% down.


Triad Financial – please download the information sheet: Triad Financial Services