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.
“Chad and his entire team were over the top amazing, professional, and attentive throughout the entire home loan/buying process. I could not have asked for a better team to have on my side through what could be one of the most challenging and stressful processes one experiences. From the first conversation I had with Chad, I felt comfortable with him. He helped guide us through the process without ever once making us feel uneasy, unimportant, or uninformed. I never felt silly or stupid for asking the same questions over and over until I fully understood what we were getting into, or until something made total sense to me. The home loan world is fast paced, overwhelming, and confusing, and Chad and his team held our hands and helped us to feel comfortable and confident about our choices. He and his team were always there for us day or evenings, weekdays, or weekend and never made you feel like you were a bother if you had a burning question you had to get answered at 8pm Saturday night. I will use them again and again, and suggest them to any friend, family, or acquaintance. Seriously, they are rock stars. They work hard for you to get you into your dream home, we could not be happier with their hard work, dedication, and kindness.”
“This is the second time that I have worked with Chad (home purchase & refinance). He has become my subject matter expert and someone I depend on for all finance needs related to our home and real estate investments. My favorite things about Chad are his depth of knowledge, responsiveness, honesty and the great service he provides. I have referred countless friends and family of mine to work with him for no other reason than I know that he will treat them well and equip them for the best possible outcome. Chad will add tremendous value to any real estate transaction that you have and I am grateful to have him as a resource.”
“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.”