Great News! Home buyers looking to purchase a manufactured home can now do so using the USDA Rural Development program. That means buyers can take advantage of zero down financing and low mortgage insurance rates when the purchase a manufactured home. This is huge for the more rural communities in Michigan were there are many of manufactured homes. Previously the lowest down payment options was FHA requiring 3.5% down. Now these same homes can be fianced with zero down.
Here are some requirements when using a USDA home loan for an existing manufactured home:
Reach out to me for more information!
WOOOHOOO! I’m so happy to hear Realtors are back to work!!! Do you miss our Lunch & Learn events?
Well, so do we and with the current situation, communication with you, our business associate, has never been more important.
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