Manufactured Home Loan Programs

Great news!  It keeps getting easier and easier to finance manufactured homes.  Here are four possible ways to finance manufactured homes!

The basic programs that will work for manufactured homes are:
  • FHA – 3.5% down
  • FHA 203k Renovation – 3.5% down
  • VA – 0 Down
  • Conventional – 5% down
  • Rural Development – 0 Down
  • MSHDA Down Payment assistance available
Some other things that are a little different with manufactured homes:
  • Options for Singlewides and Doublewides
  • Structural inspection needed
  • Must be on Permanent foundation
  • Affidavit of affixture required
  • Manufactured home can not have been moved from another location
  • For most programs they must be built after 6/1976.  For Rural Development after 1/1/2006.

 

Generally looking for a 620 score or higher, a small savings, good rental history, etc…

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November Lunch and Learn / Webinar: Low Down Payment Options For Home Buyers

Money, Money, Money, Money

One of the biggest myths out there is that you need a bunch of money to buy a house.  That’s simply not true.  There are a number of No and Low down payment options for home buyers.  On top of that you don’t have to be a first time home buyer to access many of those programs.    During our next lunch and learn we will cover all the different options out there for buyers looking to minimize their down payment.  Over the last couple years its been harder to get a lot of these types of offers accepted.  However, with the market going back to a much more “normal” state it’s not nearly as hard as it was just a few short months ago.  This is the perfect time for Realtors to reconnect with their past customers and get back out there looking.   Come check out this lunch and learn and get a refresh course on low down payment options for buyers!

Hot Topics We Will Cover

Here is a list of some of the things we will cover during the event:

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