Manufactured Homes Mortgages

Manufactured Homes with Conventional and FHA Financing is available. Many Borrowers are confused if they have a house, a Mfg home or a Mobil home. The test is if the Mfg home is on a permanent foundation with its own electric meter. If it has wheels or axels it is not considered a Mfg home even though you have it on acreage with skirting, ect on it.

We have helped many Borrowers get a mortgage for their Mfg home and have listed a few of the qualifying items below.

Conventional Mfg Home Loan:

*            Home must have been built after June 15 1976

*            No Min Fico with LP Approval

*            620 Min Fico with DU Approval

*            Owner Occupied and Second home only

*            Cash out ok up to 65% LTV and Max Term is 20 yr OO Only

*            Owner Occupied Purchase & Rate & Term up to 95% LTV with a 30 yr Term

*            Second Home Purchase and R&T up to 90% with a 30 yr Term

 FHA Mfg Home Loan:

*            Home must have been built after June 15 1976

*            620 Mi Fico

*            Owner occupied only

*            Purchase LTV 96.5% up to 30 yr Term

*            R&T LTV 97.75% up to 30 yr Term

*            Cash out LTV 85% up to 30 yr Term

If you have questions about getting a Manufactured home loan, please give us a call.