USDA Rural Development Expands Loan Eligibility to Existing Manufactured Homes
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:
- Must be constructed after January 1, 2006
- Have a floor area of at least 400 square feet
- Be inspected utilizing U.S. Department of Housing and Urban Development (HUD) Form 309 Manufactured Home Installation Certification and Verification Report
- Have no alterations or modifications since it was manufactured
- Towing hitch and running gear must have been removed
- Unit must be taxed as real estate
- Remaining economic life must meet or exceed 30 years
Reach out to me for more information!
Latest Blog Post
How to Get $10,000 for a Down Payment in Kalamazoo: MSHDA 2026 Guide
Is your dream home stuck on the runway because you don’t have $10,000 sitting in the bank?
In aviation, we don’t just take off and hope for the best. We use every tool available—flaps, trim, and GPS—to get airborne safely. In the Michigan mortgage world, MSHDA is the extra lift you need to get off the ground.
If you are buying a home in Kalamazoo, Portage, or anywhere in Michigan, you need to know about these programs. They aren’t “too good to be true.” They are real tools designed to help you stop renting and start owning.