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

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. ”

“Chad and The Chad Baker team really helped me from start to finish with my loan process. They were extremely responsive and provided me updates on a daily basis. I had a few personal issues that they helped me work through so I could get the best loan program and best rate. Very knowledgeable about the industry, rates and trends. I HIGHLY recommend Chad and his team. I’m happy to offer a reference upon request. Please ask Chad for my contact information.”

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!”

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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