Non-Conventional

Manufactured Homes

Obtaining a mortgage for manufactured homes can be challenging due to factors like property type (personal vs. real property), location restrictions, age/condition, and foundation certification. Working with a lender familiar with these homes can greatly improve your chances of obtaining financing, so consulting a knowledgeable mortgage professional is essential if you’re interested in a manufactured home. 

We have loan options for both investment and residential manufactured homes, so schedule a meeting with us to discuss your scenario.

Appointment

Unlocking Your Financial Potential Starts with a Conversation

Navigating the world of real estate financing can be complex. A personalized consultation with one of our specialists is the key to ensuring you’re fully aware of your financing options and making informed decisions to reach your goals.
Our financing specialists begin by understanding your unique financial situation and real estate goals. This tailored approach ensures that the financing solution recommended aligns perfectly with your needs.
No confusing industry jargon here. During the consultation, we break down complex concepts into clear, understandable terms. You’ll have a complete understanding of the mortgage process, rates, and terms.
Every borrower is different. Our specialists work to find the best possible mortgage solution for you, taking into account your financial goals, credit history, and current market conditions. We aim to make your homeownership journey as smooth and affordable as possible.

F. A. Q's

Frequently Asked Questions

Manufactured homes, sometimes called mobile homes, can be a great and affordable housing option. However, compared to traditional home loans, there may be different requirements for them to get financing. Here are some frequently asked questions to guide you through the process.

The minimum credit score for a manufactured home loan can vary depending on the lender and loan program. FHA loans, for instance, tend to have more lenient credit score requirements than conventional loans. Generally, a score in the mid-600s or higher might be preferable, but it's best to check with lenders directly.

The down payment requirements for a manufactured home loan can also vary depending on the lender and loan type. FHA loans typically require a minimum down payment of 3.5%, while conventional loans may require a minimum of 3% up to 20%.

Not all manufactured homes are eligible for financing. Generally, the home must meet certain federal building standards (HUD codes) and be permanently attached to a foundation. Additionally, some lenders have limits on how old a manufactured home can be to qualify.

Manufactured home loan terms are typically shorter than traditional home loans, often ranging from 15 to 20 years, depending on the loan type. Interest rates can also be higher than conventional mortgages.

The loan approval process for a manufactured home can be similar to a traditional home loan, typically taking 30-45 days or longer. However, this timeframe may vary depending on the lender, your financial situation, and the complexity of the loan.