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

“Juliann – Thank you very much for your patience and help with everything. I can say 150% that we could not have gotten through this without you. I have been through this process before a few times BUT never have received this type of care/attention. This process is intense and you managed to humanize this life changing experience for us – rather than being a loan number. If you or Home Point ever need an official recommendation from us, you can count us in.”

“Chad – Your team has been nothing short of amazing. Juliann has aggressively followed-up with escrow and gone out of her way to make sure things get done on schedule. Matt and I can’t express to you enough how much we’ve appreciated all of your counsel at the beginning of the process and her execution to see it through to close. As always, appreciate everything that you guys have done to see this through.”

Excellent service!
My wife and I purchased a home in Escondido, first home together. Chad and his team made the whole process extremely easy and helped us close quickly. Will recommend to all friends and family!”

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 Cross Country Mortgage. Chad is consistently recognized in the top 1% of mortgage originators in the United States 2011-2019. Got a question for Chad? Call (858) 353-8331 or submit your question online