FHA Manufactured Home Loan

FHA manufactured home loan


FHA requires a minimum credit score of 500

VA requires a minimum credit score of 500

Fannie Mae minimum credit score of 620

USDA requires a minimum credit score of 580


A manufactured home is a factory-built home, constructed to the Federal Manufactured Construction and Safety Standards implemented June 15, 1976. The structure is transportable in one or multiple sections to the permanent site and is permanently affixed to the foundation and taxed as real estate.

To be eligible for an FHA mortgage all manufactured homes must comply with the following:

  1. have a floor area of not less than 400 square feet
  2. be constructed after June 15, 1976, in conformance with the Federal Manufactured Home Construction and Safety Standards, as evidenced by an affixed certification label in accordance with 24 CFR 3280.11(manufactured homes produced prior to that date are ineligible for insured financing)
  3. be classified as real estate (but need not be treated as real estate for purposes of state taxation)
  4. the mortgage must cover both the manufactured unit and its site and shall have a term of not more than 30 years from the date amortization begins
  5. built and remains on a permanent chassis
  6. designed to be used as a dwelling with a permanent foundation built to FHA criteria
  7. the finished grade elevation beneath the manufactured home or, if a basement is used, the grade beneath the basement floor shall be at or above the 100-year return frequency flood elevation

Apply Now!

Call us 888.958.5382


FHA minimum down payment of 3.5%

VA loan no minimum down payment

Fannie Mae minimum down payment of 5%

USDA no minimum down payment

Application

Please note that all fields followed by an asterisk must be filled in.


FHA purchase FHA refinance FHA 203k loan FHA cash out $100 down loan

FHA loan requirements - ‎FHA loan limits - ‎FHA loans - ‎FHA Streamline

Minimum credit score needed

to buy a manufactured home or refinance

Apply Now!


FHA

Requires a minimum credit score of 500 to buy a house or refinance

FHA minimum

credit score 500

FHA streamline

requires no minimum credit score to refinance

FHA streamline

no minimum credit score

VA

Requires a minimum credit score of 500 to buy a house or refinance

VA minimum

credit score 500

HARP refinance

requires no minimum credit score to refinance

HARP no minimum

credit score

Fannie Mae

Requires a minimum credit score of 620 to buy a house or refinance

Fannie Mae minimum

credit score 620

Freddie Mac

Requires a minimum credit score of 620 to buy a house or refinance

Freddie Mac minimum

credit score 620


Call Now, Our Staff is Available

888.958.5382

Apply Now!