Manufactured Home Loans
Learn how On Q Financial can help you purchase or refinance your manufactured or mobile home.
Pre-Qualify NowWhat is a Manufactured Home Loan?
A manufactured home loan is available for manufactured homes or mobile homes that were built in a factory after June 15, 1976. They conform to a Federal building code, called the HUD code, rather than to building codes at their destinations. Manufactured homes are built on a non-removable steel chassis. Sections are transported to the building site on their own wheels. The wheels and axles are removed, and the unit is set on a permanent foundation and has to be taxed as real property for it to be eligible for a mortgage. Sometimes loans are difficult to find for manufactured home loans, but we at On Q have several options if you’re in the market for a manufactured home. On Q offers Conventional, FHA, USDA, and VA mortgage programs on doublewide and triplewide manufactured homes!
Benefits
Benefits of a Conventional Manufactured Home Loan
- At least 600 square feet
- Credit scores as low as 620
- Fixed-rate loan options
- Existing and new construction eligible
- Purchase and refinancing options available
- Down payment options as low as 3%
Benefits of an FHA or VA Manufactured Home Loan
- At least 400 square feet
-
Credit scores as low as 640 and 620 for VA
- Fixed-rate loan options
- Existing and new construction eligible
- Purchase and refinancing options available
Loan Calculator
Use our free mortgage payment calculator to see your potential monthly mortgage payments
Buying a home is a big investment. It’s important to understand everything involved and see how much you can afford.
Go to CalculatorLatest Articles Related to Home Buying
United States Department of Agriculture (USDA) Home Loans
USDA-RD Overview The real estate space is broad, diverse, and varies greatly based upon each individual’s unique credit, income, and regional circumstances. The USDA Home Loan Program is designed with this breadth and diversity in mind, specifically where rural housing is concerned. The USDA Rural Development Loan is intended to increase homeownership in rural regions […]
What is a Home Lien?
Why You Should Refinance Your Existing Mortgage Leading up to the financial crisis, it was common for people to take out second liens. It’s 10 years later and those who took a second lien are now reaching the end of the interest-only payment period. If you took a lien on your home or are considering […]
Home Sales Up 6.5 Percent, Prices Edge Towards Pre-Crash Levels
Sales of existing homes increased strongly in July, and median home prices are now nearing their pre-crash peak National Association of Realtors® (NAR) said today. Sales in July rose to a seasonally adjusted annual rate of 5.39 million units. This represented an increase of 6.5 percent from the revised (from 5.08 million) estimate for June […]
Other Loan Options for You
Down Payment Assistance (DPA)
There are Down Payment Assistance programs in every state. Learn more about programs in your area that can help you achieve the Dream of Homeownership!
USDA Home Loans
USDA Loans are 100% financing, zero-down loans aimed at helping home buyers purchase homes in rural areas in the US. Learn more about USDA Loans here.
Mortgage Refinancing
Refinancing your mortgage can help you remove premium mortgage insurance or afford renovations. Learn more about your options here.
