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.
“Hey Chad – thank you so much to you in particular as well as your team. It’s been a real pleasure working with someone who’s as responsive and helpful throughout the process, as you’ve been. We really appreciate what you’ve done. ”
When looking for a house, we had couple recommendations for a lender. After talking with all the lenders, many were difficult to work with and couldn’t get it done as quickly as we needed. I was referred to Chad Baker’s team and I am glad we did. Not only did they get the things done quickly for us, they were very easily to get ahold of. It wasn’t rare to get a response within 15 minutes whenever an email was sent. I could not express how friendly and outgoing this team is. And on top of that, they came back with the best offer for us amongst all the other brokers. I am glad I worked with these guys. If you are looking for a lender…MAKE SURE TO CALL CHAD BAKER AND TEAM!!! Thanks Chad for all your hard work. Next time we buy another house I am calling you first!
“Chad and his team are exactly who you want handling the financing of your home. Whether it be a new purchase or refinance, he and his team are one of the most professional, responsive group of people I’ve worked with. Buying a home can be very stressful and Chad and his team took all of the necessary steps to make the process as painless and as quick as possible. They are extremely knowledgeable, organized and have great follow through. You won’t ever be left wondering what the next steps are. I highly recommend him and will use him in all of our real estate transactions moving forward.”