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would like to buy a manufactured home.. What kind of financing terms are available? How much down?

by terry886 from Lancaster, Virginia. Jun 21st 2016 Reply


Lynn Bossi Kinsel (LynnKinsel)
#2 ranked lender in Virginia - 60 contributions

Would need to have more information on the type of manufactured home (new construction, existing, single wide, double wide etc) before letting you know what your financing options are. Feel free to give me a call - Lynn Bossi-Kinsel NMLS#259819, Mason-McDuffie Mortgage 804-677-8588. Licensed in VA, MD & NC

Jun 21st 2016
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William J Acres (William_Acres)
#1 ranked lender in Arizona - 8,044 contributions

More info needed.. But in general, although conforming programs allow for MFH financing, finding a lender willing to do one can be a little difficult, since most lenders wont do them.. For those that do, expect slightly higher loan pricing and possibly higher down payment requirements.. None the less, there are lenders out there doing them.. I would suggest you contact a LOCAL mortgage broker and apply with them. Once they see your complete loan profile, they will be better equipped to advise you properly. Also, by applying with your LOCAL Broker, you have an advantage because he's familiar with local customs and works with many lenders with each one offering a different type of lending program. This is unlike the local bank which typically only has a few lending programs. The more lenders, the more lending options, and the more likely your scenario will be accepted.. Plus, the broker is experienced in seeking out the best loan terms for your particular scenario, and he has lower overhead which typically results in lower rates and fees than most of the larger lenders.. 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

Jun 21st 2016
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