Manufactured Home Loans

Program Overview

Manufactured Home Loans provide specialized financing for manufactured and mobile homes. These programs are designed for borrowers who want to purchase affordable, quality housing through manufactured home options.

What is a Manufactured Home?

A manufactured home is a factory-built home that meets the U.S. Department of Housing and Urban Development (HUD) building code. These homes are:

• Built in a Factory: Constructed in a controlled environment
• Transportable: Can be moved to different locations
• Affordable: Often 20-30% less expensive than site-built homes
• Quality Built: Must meet strict HUD building standards

Key Benefits

• Affordability: Lower cost than traditional site-built homes
• Quality Construction: Built to HUD standards in controlled environment
• Fast Construction: Quicker than traditional home building
• Energy Efficiency: Modern manufactured homes are highly energy efficient
• Customization: Many options for customization and upgrades

Program Requirements

Credit Requirements

• Minimum Credit Score: 680
• Credit History: Good credit history required
• Credit Inquiries: Limited recent inquiries preferred
• Payment History: No recent late payments

Home Requirements

• HUD Code: Must be built after 1976 and meet HUD standards
• Land Ownership: Must own the land or have long-term leasehold
• Permanent Affixation: Home must be permanently affixed to the land
• Property Condition: Must be in good condition

Property Requirements

• Property Types: Manufactured homes, mobile homes, modular homes
• Occupancy: Primary residence only
• Location: All 50 states
• Zoning: Must be zoned for manufactured homes

Down Payment Requirements

• Minimum Down Payment: 20%
• Source of Funds: Must be properly documented
• Gift Funds: Allowed with proper documentation
• Asset Verification: Down payment source must be verified

What to Expect

Step 1: Home Verification

We'll verify that your manufactured home meets our requirements, including HUD code compliance and proper affixation to the land.

Step 2: Land Ownership

We'll confirm your land ownership or long-term leasehold interest. The home must be permanently affixed to land you own or control.

Step 3: Loan Application

Complete the mortgage application with our manufactured home specific underwriting process. We'll guide you through the documentation requirements.

Step 4: Appraisal Process

A specialized appraiser familiar with manufactured homes will evaluate your property. They'll assess both the home and land value.

Step 5: Closing & Funding

Once approved, you'll proceed to closing with terms that reflect the manufactured home nature of your property.

Who This Program Helps

• First-time homebuyers looking for affordable options
• Retirees wanting to downsize affordably
• Those in rural areas where manufactured homes are common
• Budget-conscious buyers wanting quality housing
• Those wanting to build equity in affordable housing

Avery Brooks Mortgage

• Phone: (555) 123-4567
• Email: avery@averybrooks.com
• NMLS: #1234567

Manufactured homes offer an affordable path to homeownership with quality construction and modern amenities.