Forgotten Your Password?

Need to Register?

Question Icon

are there loan programs for manufactured homes?

by bdchang.lin8765387 from Brandon, South Dakota. Feb 12th 2014 Reply


Michelle Curtis Loan Originator NMLS 401173 (EmbassyFundingLLC)
#77 ranked lender in Florida - 2,244 contributions

Yes there are, check with a local mortgage broker.

Feb 13th 2014
0
0
Jake Droge (www.jakedroge.com)
#1 ranked lender in South Dakota - 15 contributions

Yes there are programs available. When you start checking make sure to have year of MFG home and if it is on a foundation or not and if a structural engineer report has been done.

Feb 13th 2014
0
0
Joe Metzler (JoeMetzler)
#1 ranked lender in Minnesota - 4,296 contributions

Yes... But watch your terminology. Modular homes, built off site and trucked in in two pieces... Most lenders offer those loans. Manufactured generally means mobile. Built off site and towed to the location on their own wheels. The bulk of lenders do not offer this type, but plenty of lenders do. You may have to shop around a bit.

Feb 13th 2014
0
0
James Macon (SiouxFallsMortgage)
#5 ranked lender in South Dakota - 17 contributions

Hi there. Like others have said, you'll want to know the year it was built. Manufactured homes are underwritten slightly different, so the process can be a little trickier. We have a couple lenders that will do them, including loans on new manufactured.

Feb 13th 2014
0
0
Subscribe to our news feed.