Mortgage for Manufactured Homes
Manufactured Home Guidelines
A manufactured home is a prefabricated dwelling, factory built and transported to the site in sections. A manufactured home differs in from a modular home in that it has a steel beam frame, to which transportation wheels have been attached, as well as the hitch with which to tow it. A manufactured home will typically be eligible as long it has been affixed to a permanent foundation, all utilities are connected, and the tow bar and axles have been removed.
This will be evidenced in the appraisal report and must also be insured as an Single Family Residence on the title report.
Loan Guidelines
Loan Amounts
Minimum of $100,000
Credit Score
Minimum score typically required is 600
Downpayments for Purchase loans
Contact us to discuss how much you need to put as a down payment or how much equity you need to refiance.
Other terms
Lets discuss typical loan terms, the fees involved and interest rates.
Rural properties
Rural properties are typically not eligible