Conventional
Compare property and down payment rules.
Explore conventional →MANUFACTURED HOMES
The property details make the difference.
Financing a manufactured home may be possible when the home, land and title meet the program’s rules. Review those details before assuming a particular loan will work.
When this may be worth exploring.
A useful first step is matching the program to your goals and the property.
- The home is a qualifying single- or multi-section manufactured property.
- The purchase includes land or another eligible real-property structure.
- You are buying from family and considering a documented gift of equity.
What to compare.
A lower upfront cost does not necessarily mean a lower long-term cost. Compare the whole transaction.
- Permanent foundation, installation and property classification.
- HUD labels, data plate, age and whether the home has been moved.
- Occupancy, appraisal and any lender-specific restrictions.
Details that help John review your scenario.
You can call without having everything ready. These details make the conversation more useful.
- Property address, year built and section count.
- Whether the land is included and the home is titled as real property.
- Existing HUD certification information and any family-sale details.
A few questions borrowers ask.
Requirements can vary by loan program and lender.
Can I use a gift of equity from a parent?
Some programs permit eligible family gifts of equity, subject to valuation, relationship, documentation and transaction rules.
Does a doublewide automatically qualify?
No. The land, foundation, title, construction and lender guidelines all need review.
Related financing paths.
There may be more than one way to approach the same goal.
FHA
Review an insured alternative where eligible.
Explore fha →TALK THROUGH YOUR SCENARIO
Start with a conversation.
Tell John what you want to accomplish. He’ll help you sort through the options and next steps.