Manufactured Home Financing on Owned Land
At Real Estate Resource Home Loans, we’re pleased to offer home purchase and refinancing assistance to those seeking financing for eligible singlewide, doublewide, and triplewide manufactured homes on owned land.
Over the past decade there have been many improvements in manufactured home construction and today we can finance manufactured homes using a variety of great solutions including FHA loans, USDA rural housing loans, VA loans, and conventional programs. We even have one-time close construction loans for manufactured homes.
If you are looking to finance a manufactured home, we’d love to hear from you. Call us today at (800) 691-0057 for a free consultation.
Manufactured Home Program Options
FHA Program Highlights for Manufactured Homes
- 580 minimum qualifying credit score
Floor area no less than 400 square feet
Classified as real estate and permanently affixed
Not previously installed or occupied at any other site
Singlewide, Doublewide, and Triplewide units permitted
USDA Program Highlights for NEWER Manufactured Homes
- 620 minimum qualifying credit score
- Property must be located in an eligible rural area
- Manufactured home must be less than 12 months old, never occupied, and must include the site. The date of the purchase agreement must be written within one year of the manufactured date displayed on the plate attached to the unit.
VA Program Highlights for Manufactured Homes
- 620 minimum qualifying credit score
- Must be, or will be prior to closing, permanently affixed to the foundation and taxed as real property
- Singlewide, Doublewide, and Triplewide units permitted
- Borrower must occupy the property as his/her primary residence
Conventional Program Highlights for Manufactured Homes
- 620 minimum qualifying credit score
- Has a floor area no less than 600 square feet
- Must be a one-unit dwelling legally classified as real property
- Doublewide and Triplewide units permitted
Not sure what program is right for you? We’re here to help answer your questions and walk you through the home loan process. Call us today at (800) 691-0057.