top of page

Mortgages for Manufactured Homes

frontier-exterior-1920x630.jpg

Many lenders are not friendly to manufactured homes, but you are in luck, because we are! Here are your options:

Go FHA and put as little as 3.5% down, or go Conventional and put as little as 3% down. 

 

- To be financeable, manufactured homes generally need to be built on or after June 15, 1976  (due to HUD standards), only have been moved one time from the factory to the current lot, and be affixed on a permanent foundation.

- FHA has the most relaxed standards and allows you to finance single, double, or triple wide homes.

- Must be on owned land. If on leased land in a park, that is considered a "chattel" (or personal property) loan and would be something you might go to your local bank for instead.

- Conventional and FHA loans are not very supportive of using manufactured homes as investments. A strategy could be to buy one, live in it for a year to meet occupancy requirements, then rent it out and buy another house.

- 15, 20, or 30 year fixed mortgages are an option.

- Programs are available for ITIN borrowers!

​

  • Facebook

Aleksey Moody, Loan Officer #2091836 

Edge Home Finance Corporation, NMLS #891464. 1206 Pacific Ave #600, Tacoma, WA 98402

excellence-awrad-uwm.png
BBB-Logo-1-crop.png
Inc-500-Fastest-Growing-Company_web-c.pn
equal-housing-opportunity-logo-png-0.png
elite1002019.png

Edge Home Finance Corp, is an Equal Housing Lender. As prohibited by federal law, we do not engage in business practices that discriminate on the basis of race, color, religion, national origin, sex, marital status, age (provided you have the capacity to enter into a binding contract), because all or part of your income may be derived from any public assistance program, or because you have, in good faith, exercised any right under the Consumer Credit Protection Act. The federal agency that administers our compliance with these federal laws is the Federal Trade Commission, Equal Credit Opportunity, Washington, DC, 20580. 

Pre-approvals are based on underwriter review of credit and income documentation only. A pre-approval is not a loan approval, rate lock, guarantee or commitment to lend. An underwriter must review and verify a complete loan application after you are preapproved in order to qualify.

This is not a commitment to lend. Prices and guidelines are subject to change without notice. Some products may not be available in all states. Subject to review of credit and/or collateral; not all applicants will qualify for financing. It is important to make an informed decision when selecting and using a loan product; make sure to compare loan types when making a financing decision.

bottom of page