Guild Mortgage Lists First Two ‘Making Paradise Home’ Initiative Houses Available for Purchase

San Diego – Dec. 28, 2023 — Guild Mortgage (NYSE: GHLD), growth-oriented mortgage lending company originating and servicing residential loans since 1960, announced the first two homes from its Making Paradise Home Initiative are completed and listed for sale. The affordable, sustainable manufactured homes are available for sale in Paradise, California, the community hardest hit by the deadliest and most destructive wildfire in the state’s history.

In January 2023, Guild announced its Making Paradise Home Initiative in partnership with Clayton Homes, Golden West Homes of Chico and Redline Installation to build four CrossMod™ Homes to help educate residents about the benefits of manufactured housing, while helping to rebuild the community.

Since the initiative’s launch, two homes are now listed and available for sale. Both brand new CrossMod homes – located at 6249 Fern Lane and 5931 Debbie Lane in Paradise California – boast beautiful curb appeal, high-end quality and energy efficiency throughout. The homes sit on quiet lanes with circular driveways on over half an acre, each. Both 1,620-square-foot, three bedroom and two full bathroom homes feature a modern design including high ceilings; oversized windows; covered front porches; two-car garages; stylish fireplaces in the living rooms; quartz or granite kitchen countertops; shaker cabinets; farm-style sinks; large islands with seating; and farmhouse laminate flooring throughout. As CrossMod homes, buyers are eligible for unique financing with as little as a 3% down payment.

Through the Making Paradise Home Initiative, Guild will sell the homes to aspiring homeowners and qualified borrowers. The initiative’s third home is nearing completion and additional homes are planned to be built over the next year. At least one of the initiative’s CrossMod homes will remain open for educational tours.

“Making Paradise Home is about more than just disaster recovery, we’re working to close the homeownership gap by making homeownership more attainable and accessible,” said David Battany, executive vice president of capital markets. “While we’re using this initiative to help rebuild a community devastated by fire and to ensure Paradise residents can settle down and feel at home again, we will continue to educate and promote affordable homeownership not just in Paradise, but from coast to coast.”

A CrossMod home is a new classification of a HUD-code manufactured home. CrossMods offer the affordability of a traditional manufactured home but are built to higher standards and come with the style and array of amenities found in a traditional site-built home. CrossMod homes have the same or better curb appeal as site-built homes and are energy efficient.

Guild Mortgage provides extensive manufactured home financing options, and is dedicated to finding mortgage solutions for residents, which can include fixed-rate loans with credit scores starting as low as 540 and programs with low and no down payments.

Headquartered in San Diego, Guild Mortgage is a leading national lender with an established history of developing innovative pilot programs and specialized products in partnership with government organizations to help deliver the promise of home in every neighborhood and community. Its loan professionals can serve the needs of any homebuyer, from helping first-time buyers achieve homeownership, often through government loan programs, to those looking for jumbo loans. Guild also helps active duty and retired military personnel who qualify for VA loans with 100% financing and flexible qualifying standards. The company is consistently recognized for its community impact, commitment to customer service, strength in regulatory compliance, and workplace culture.