New construction lenders
Is the MANUFACTURED HOME ELIGIBLE for financing?
Requirements for manufactured homes vary by loan type, but all properties must meet the following requirements:
- Singlewide, doublewide, and triple wide, CrossMod, Barndominiums.
- Full utilities will be present on the land and meet local standards Home must be manufactured after June 15, 1976, except singlewide: Less than 10 years old.
- Main structure must be on a permanent foundation - No blocks or pillars.
- Property must be fee simple.
- Cannot be in a mobile home park Affidavit of Affixture (433A or state equivalent)
- Any additions or structural changes to the original home must be approved by the City/County or Engineer (must show permit)
- Home must be transported directly from the manufacturer to the site - Otherwise VA Financing only.
- Must be at least 12 feet wide and have minimum 600 Sq.F
- USDA: Can not have another dwelling on the property.
❓ Q: How can I purchase land and a manufactured home together?
A: Yes, you can purchase both land and a manufactured home in a single transaction. Here’s how:
- Find Suitable Land: Make sure the land is zoned for manufactured homes and has access to utilities or the potential for well/septic installation.
- Choose Your Home: Work with a manufactured home dealer to select a model that fits your needs and budget.
- Financing Options:
- Land-Home Package Loan: Combines the cost of the land and the home into one mortgage.
- Chattel Loan: Used if the home is not permanently affixed to the land (treated as personal property).
- FHA or VA Loans: Available for qualified buyers if the home meets HUD standards and is permanently affixed.
- Site Preparation: Includes foundation, utility hookups, and permits.
- Delivery & Installation: The home is transported and installed on your land.
- Final Inspection & Move-In: Once everything is approved, you can move in!
❓ Q: Does the manufactured home (single or doublewide) need to be permanently attached to a foundation and do we need to get a structural engineer report ?
A: Yes, in most cases, a manufactured home must be permanently attached to a foundation—especially if you're financing it through FHA, VA, or conventional loans. Here's a breakdown:
✅ Permanent Foundation Requirement
- The home must be anchored to a permanent foundation system that complies with the HUD Permanent Foundations Guide for Manufactured Housing.
- This foundation must be appropriate for the soil conditions and meet local and state building codes.
🧾 Structural Engineer Report
- A licensed professional engineer must inspect and certify that the foundation meets HUD standards.
- This certification is often required by lenders before approving a mortgage, especially for FHA or VA loans.
- For existing homes, the appraiser or lender may request a foundation inspection to confirm compliance.
🏡 Why It Matters
- Without a permanent foundation and proper certification, the home may be classified as personal property instead of real estate, which can limit financing options and affect resale value.
🗣️ Testimonials
"The process was seamless and worry-free. Peter Knap and Guild Mortgage was incredibly responsive and knowledgeable, which made me feel confident throughout the purchase. I appreciated the clear, honest communication and the help with coordinating transport and installation."
— Ashley Mcgreggor
2. “DougbertHanson”
"I bought a fantastic mobile home when I was 24. It was affordable and perfect at first, but lot rent kept increasing. If I had owned the land, it would’ve been a much better experience. I always recommend buying land if you can."
3. Clayton Homes Buyer Review
"We were able to customize our home and the financing process was straightforward. The team helped us understand every step, and now we have a beautiful, affordable home on our own land."
— Jeff Schwind
