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 axels 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
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Buying a home is a big investment. It’s important to understand everything involved and see how much you can afford.
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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.
