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VA Loan Qualification

I have a client that may qualify for a VA loan. They are trying to purchase a 1980 single wide mobile home on it's own 4 acre property in Lebanon Maine. It is not on a pad and does not have tie downs. Would this property qualify for a VA loan if the applicant does? by bgreen547 from Kittery, Maine. Mar 4th 2016 Reply


Phil Georgiades (phil@fedhomeloan.org)
#971 ranked lender in California - 17 contributions

VA requires a permanent foundation. Single wide may also be an issue.

Mar 4th 2016
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William J Acres (William_Acres)
#2 ranked lender in Arizona - 7,933 contributions

That's not going to work.. for the property to be considered "Real Property", it must be architecturally attached to a foundation and be certified.. Also, although VA will lend on single wide mobile homes, most all lenders will not.. Also keep in mind that VA will only go 25 years on manufactured homes.. I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. William J. Acres, Lender411's number ONE lender in Arizona. 480-287-5714 WilliamAcres.com NMLS# 226347

Mar 4th 2016
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You'll need to tie it down, permanently affixed, because currently it would be considered personal property not real property.

Mar 4th 2016
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Justin Murray (JustinMurray)
#102 ranked lender in Illinois - 172 contributions

21st Mortgage Corp does these loans - no VA though. 1-800-955-0021

Mar 4th 2016
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Phil Dumouchel (PhilDu)
#32 ranked lender in South Carolina - 2,225 contributions

In the long run they may be better off finding a home and property that does qualify for VA financing. Financing a mobile home generally will be more expensive than a traditional home, and this particular property is going to be even more of a challenge than most.

Mar 5th 2016
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Jesse Stroup (jessestroup)
#199 ranked lender in California - 591 contributions

I would call a local mortgage broker or a hard money lender

Mar 7th 2016
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