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

“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.”

Incredible Turnaround and Stellar Customer Service. Chad and his team helped us get into our first home here in San Diego. When we first started the process we were skeptical it would even be worth applying. But Chad and his team walked us through the whole lending process with integrity and know how that surpassed our expectations. After helping us to pull together our pre-qualification, he and his team stayed at the ready. Before we even walked up to a home we were seriously interested in he had the data we needed over to us and our realtor. After finding the home we wanted to place a bid on, we were able to place a bid with a matter of a few hours. Then, after having our offer accepted, he had our loan package completed and the keys in our hands in under a month — I am pretty sure it was less than. Like I said, incredibly fast and professional turnaround. if you are looking for a motivated lender who can walk you though every detail and have your back every step of the way, Chad and his team at HomePoint Financial is your best decision. Recommend them highly!”

“We signed all our papers yesterday afternoon. I wanted to thank each one of you for all your hard work and tenacity in making this happen for Michelle and I. This is by far the easiest closing we have been through. All thanks to you all. You all the best at what you do. No other group works like this together. Again, thank you all, from Michelle and I, we will be forever grateful. Absolutely the best team I have ever dealt with. From beginning to end, the customer service provided was beyond reproach. Everyone gave us their personal attention and that made it so easy.”

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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