A manufactured home is a type of housing that includes modular homes and is typically constructed at a factory and then assembled on-site. Not only is
Not only is cost of construction usually far less than traditional stick-built homes, manufactured homes also offer greater energy efficiency.
Financing a manufactured home can be somewhat of a challenge, as loan terms can vary from lender to lender.
Both FHA and VA loans have been available for manufactured housing, but it can be difficult finding a lender that provides conventional loan programs for the purchase, refinance or cash out of a manufactured home.
We provide conventional loan programs for the purchase, refinance or cash out of a manufactured home designated as a primary residence or second home.
- Owner occupied purchase up to a $417,000 loan amount 5% down payment required
- Second home purchase up to a $417,000 loan amount 10% down payment required
- Manufactured condos are eligible
- Single-width manufactured homes are not permitted unless in a Fannie Mae approved subdivision
Find The Lowest Mortgage Loan For Manufactured Homes!
The mortgage rates for manufactured homes will vary from lender to lender. Go beyond the Fannie Mae HomePath program.
While you can also procure FHA and VA loans, only a few lenders offer borrowers the benefits of conventional loans – and we are one of them. We address any challenges you face regarding manufactured homes.
Please contact Chad Baker with any questions on the purchase or refinance of a manufactured home.
I was amazed how quickly Chad was able to knocked out our refinance!
I highly recommend Chad he & his team did an incredible job! I had 3 others I was working with, including a Credit Union. Chad was able to offer me a lower rate with no fees! Based on the other 3 top financial bids I had for this refinance. ”
“Chad and his group made the mortgage approval process smooth and understandable. Multiple updates and explanations during the process kept me informed of progress. Chad also provided great advice on other home services, in particular an insurance company that saved me thousands of dollars a year on home and auto insurance.”
I recommend chad because he is not pushy or trying to manipulate as others in the same business, the process was smooth with no obstacles, best team. ”