why our team loves manufactured home loans
Manufactured homes are an underrated path to homeownership. We love these loans because they offer competitive financing on homes that are often more budget-friendly.
Manufactured Home Loans At A Glance
Manufactured home loans allow you to finance a single- or multi-section home built in a factory and permanently attached to land. These loans can be conventional, FHA, or VA-backed, depending on your eligibility and the property.
Highlights
- Affordable. Manufactured homes often cost significantly less per square foot compared to site-built homes.
- Loan Compatibility. Can be financed through FHA, VA, and select conventional loan programs.
- Permanent Foundation Required. The home must be affixed to owned land and meet HUD standards.
- Eligible For Assistance. May qualify for down payment assistance or state housing programs, depending on the loan type.
Manufactured Home Loan Guidelines
- Eligible Properties: Single- and multi-section manufactured homes on permanent foundations.
- Occupancy: Primary residence only.
- Minimum Property Standards: Must be built after June 15, 1976, and meet HUD codes.
- Land Ownership: Home must be affixed to land owned by the borrower (not rented lots).
- Appraisal: Manufactured home appraisal required and must meet lender-specific conditions.
Manufactured Home Loan Pros
- Lower Purchase Price. Manufactured homes typically cost less per square foot than site-built homes.
- Multiple Loan Options. Available through FHA, VA, and select conventional loan programs.
- Property Type. Homes must be used as your primary residence, not investment properties or second homes.
- Modern Builds Qualify. Built after June 15, 1976, and compliant with HUD code? You’re likely good to go.
- Land + Home Combo Financing. You can finance the home and land together under one mortgage.
Best Candidates
Buyers looking for a more affordable homeownership option without compromising stability
Households in rural or suburban areas with land already purchased or available for purchase
First-time buyers or downsizers seeking lower monthly payments
Buyers who want a home that fits their lifestyle and budget
Free Guides & Resources
Our favorite kind of buyer? A confident one. Brush up on your loan knowledge, get an accurate quote, and let's get to it.
