Ready to put down roots, and have found the ideal manufactured home for you? We are here to help! Not every lender in the Fayetteville area is willing to support financing on manufactured housing, but that doesn’t keep the Mortgage House, LLC. from offering you great home loan options.

What Is Manufactured Housing?

Unlike other housing that is built onsite at a property, manufactured housing is constructed off-site, largely in a factory, and is transported to a homesite. Those looking to start a life on a plot of affordable land have found that manufactured housing is an ideal living situation. Manufactured housing can be as elaborate or as simplistic as you want it, and comes with all of the amenities and luxuries of the modern home.

Financing For Your Manufactured Home

Getting a mortgage loan, or another financing option for your manufactured housing isn’t impossible, but it’s a different process than getting these resources for a traditional house. That’s because not all manufactured housing is considered to be real estate. To ensure that you qualify for a loan or mortgage, make sure that your manufactured home meets the following requirements:

  • Your home is at least 400 square feet in size.
  • Your home was built after June 15, 1976, and was constructed following the Federal Manufactured Home Construction and Safety Standards.
  • You loan covers both the manufactured home and the land it resides on.
  • The home has to be on a permanent foundation and is not in a flood zone.
  • You must have a minimum credit score of 620 to qualify for a mortgage or other loan.

Our mortgage brokers can help you find lending from a variety of financial resources. We can connect you with a loan from Fannie Mae, or Freddie Mac. We also can help you secure an FHA loan or loans from the USDA or VA. To make sure you get the right loan for you, we’ll look at your eligibility, financial situation, and other assets.

Lending Services From The Mortgage House, LLC.

We are here to help ensure you get the best lending options available to you. When starting your search for a loan or mortgage for a manufactured home, make sure to browse our resources page. When you’re ready to apply for your loan, set up a free consultation with one of our mortgage brokers, and then apply online! The Mortgage House, LLC. is excited to help you move into your new manufactured home in the Fayetteville area.