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What kind of financing is available for manufactured homes?

do any lenders here offer this? i'm looking in NC by kurtbrand982298 from Liberty, North Carolina. Apr 17th 2015 Reply


You can get FHA for sure and possibly USDA depending on the particulars of the situation. Contact me for details, chad@mortgagewothchad.net

Apr 17th 2015
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Depending on type of mfg home, must hv land with it, tongue axle removed, meet FHA guidelines as to tie downs , piers underneath home, can do 96.5% financing depending on credit and incone

Apr 17th 2015
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Leah Tove (leahtove)
#53 ranked lender in North Carolina - 13 contributions

FHA - 96.5% loan-to-value. 3% can be your money or gift from family member or employerConventional - 90% loan-to-value. 3% down can bee your mone or gift from family or employerVA - 100% financingYou can add the amount of closing to the offer and seller can pay. Home can be as old as June 1978, 30 yr fixed rates are running mid to low 4%.Leah ToveEnvoy Mortgage828-712-5110I think Chad's email is mortgageWITHchad.com

Apr 18th 2015
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Phil Dumouchel (PhilDu)
#32 ranked lender in South Carolina - 2,225 contributions

FHA (3.5% downpayment) is available from some lenders, conventional (with 20% downpayment) from others, and some local community banks may offer portfolio loans which may allow lower downpayments of as little as 5-10% depending on the home and your qualifications. Expect to pay a higher interest rate than for a non-manufactured home and which homes are eligible depends greatly on the age and specifics..

Apr 18th 2015
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Ralph Richard Guertin (ralph@absolutelowrates.com)
#137 ranked lender in Florida - 644 contributions

I would contact a local broker, and let them find you the best deal amongst all their lenders

Apr 18th 2015
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Linda Wintersteen (Linda123)
#63 ranked lender in Arizona - 1,250 contributions

First, single wide or double wide? on land or not ? does it met the fha financing requirements as in foundation slap, tie downs, skirting, and also if it is over 10 years old, it can not be moved to another location. linda

Apr 19th 2015
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William J Acres (William_Acres)
#2 ranked lender in Arizona - 7,933 contributions

Assuming the MFH is architecturally attached to land (required for FHA financing), and is "Real Property" then USDA is zero down, but the property must reside in the USDA defined area, For VA, zero down, but you must have VA eligibility, for FHA, they require 3.5%, and conventional will require a minimum of 5% down. 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

Apr 20th 2015
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