Manufactured Home Loans

What 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 of a Conventional Manufactured Home Loan

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At least 600 square feet

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Credit scores as low as 620

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Fixed rate loan options

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Existing and new construction eligible

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Purchase and refinancing options available

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Down payment options as low as 3%

Benefits of a FHA or VA Manufactured Home Loan

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At least 400 square feet

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Credit scores as low as 640 and 620 for VA

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Fixed rate loan options

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Existing and new construction eligible

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Purchase and refinancing options available

Disclaimer: On Q Financial, Inc. is an equal housing lender. Information is subject to change without notice. This is not an offer for extension of credit or a commitment to lend. Some restrictions may apply. Loan approval is subject to applicant’s qualification for a loan program. On Q financial does not guarantee that each applicant will receive a loan. OnQ0418180681Y000004AdVC

Contact a local Mortgage Consultant today to learn more about getting a manufactured home loan!

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