Mortgage Loans for Manufactured Homes

a brand new manufactured home on spacious property

 

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.

Program highlights:

  • 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.

Testimonials

highly recommend Chad and his team. They were always available for any questions, concerns etc. we had. The process to close the loan went super fast. Chad and his team always went above and beyond. The customer service was the best! I will definitely recommend to all Thank you again for everything!

Chad and his team are fantastic!

Chad and his team assisted me with the financing of my condo. Every member of Chad’s team was extremely professional, highly competent, super responsive, and friendly. They realize that financing a home can be a stressful experience and they do their best to alleviate that stress by keeping you in the loop on everything. They were great about giving me frequent updates on the status of my application. In addition, they happily answered my questions. At one point, when I felt like I was pestering Chad with questions, his response was a friendly, “keep them coming!” And he meant it!!! Likewise, Maria and Karina were just a pleasure to work with as well! This team is like a fine-tuned machine. Thank you so much for all of your help!!!

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. ”

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I hope you enjoyed reading this article. It's my goal to keep you updated with the latest real estate mortgage news. I'm proud to provide you with 100% original and unique content. Subscribe now to get high quality real estate mortgage content and articles delivered directly to your inbox. Chad Baker is Regional Manager for LendUS. Chad is consistently recognized in the top 1% of mortgage originators in the United States 2011-2017. Got a question for Chad? Call (858) 353-8331 or submit your question online