MANUFACTURED HOUSING MORTGAGES AVAILABLE

MANUFACTURED HOUSING MORTGAGES AVAILABLE



While other lenders have pulled out of the manufactured housing market, we have stood by offering a wide variety of manufactured housing financing options. With available programs ranging across FHA, VA, USDA, Fannie Mae and Freddie Mac delivery options, we are able to successfully meet the needs of a growing manufactured housing market.
A manufactured home is a complete dwelling designed for year-round living and substantially constructed in a factory. It conforms with a National Building Code developed in 1976 by the U.S. Department of Housing and Urban Development (HUD).

FHA HIGHLIGHTS
• 580 Minimum qualifying credit score
• Floor area no less than 400 square feet
• Classified as real estate and permanently affixed
to each section
• Not previously installed or occupied at any other site
• Singlewide, Doublewide, and Triplewide units permitted

USDA HIGHLIGHTS
• 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 purchase agreement must be written within one year of the manufactured date displayed on the plate attached to the unit.
• USDA Pilot program: Existing home built after January 2006 eligible in CO, IL, IA, LA, NY, OH, TX, VT, NH, WY, NV, VA and ND.

VA HIGHLIGHTS
• 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
• The borrower must occupy the property as his or
her principle residence

CONVENTIONAL HIGHLIGHTS
• 620 Minimum qualifying credit score (HARP as low as 580)
• Have floor area no less than 600 square feet
• Must be a one-unit dwelling legally classified as
real property
• Doublewide and Triplewide units permitted


* Specific loan program availability and requirements may vary. Please get in touch with your mortgage advisor for more information.