The Federal Housing Administration Loans are some of the most robust mortgage programs in the United States; no other program besides the VA option rivals it.
Most lenders who fund against Manufactured homes come in rates sometimes much higher than what we can provide clients. The key is owning the land to which you plan to affix this property permanently; those properties in mobile home parks are unfortunately unavailable.
For the past 25 years, our Manufactured Nationwide Home Loans bankers have worked as a team and remain the hottest Manufactured home lenders in the real estate market.
Because interest rates are still relatively low, buying a home may still be cheaper than renting, and with rates having gone up many times in the past six months, it’s time to get buying.
Well-qualified borrowers can access up to *$50,000 before or after closing to use as they wish; this is unique to our bank and can be incredibly helpful in reaching your overall goals.
*We do not offer loans for any property placed on rented land, in mobile home parks, or on family land. We do not offer to finance any property not permanently fixed to land before closing unless under our new build/construction programs for newly manufactured home models. *We do not offer new Dealer Manufactured Home Loans in New York. Modular and Site Built land and home construction is allowed in all 50 states.
Low Downpayment, True Low Rate Financing.
The Federal Housing Administration provides 96.5%, 3.5% down, low rate, FHA mortgage loans with lower interest rates, fees, and costs associated than most lenders in this market. We work with many property types and specialize in manufactured home loans. Many small banks limit loan amounts to 80% instead of going as high as 96.5%, like the FHA or even the 100% that the VA allows. It is up to what risk that bank wants to take; at Manufactured Nationwide, we fight to find the right program for you.
Taxes and Insurance Escrowed.
Including your taxes and insurance in an FHA home loan payment means you won't be scrambling to find the money when renewal time comes for the homeowner’s insurance agent or the tax time. Usually, these bills come at the most inopportune time, so combining them ensures you will never be at risk for force-placed insurance or real estate property tax liens.
Credit Scores Down To 640.
Low credit, no active credit, some late payments, older bankruptcies, medical issues and collections, and falling on hard times are many factors that contribute to a low credit score. Not every FHA Manufactured Home lender will entertain financing low credit scores, yet we can do it with some finesse.
If you are seeking a larger home and are not sure your benefits will work, we offer Super Jumbo VA Loans up to $3.5 million or higher with a minimal down payment and a higher minimum score requirement.
Purchase Renovation Loans.
Suppose you are in the market and found a manufactured home already on a fixed foundation that is not in a mobile home park. In that case, you may be able to use our FNMA Homestyle, FHA 203k Standard & Limited Renovation, or VA Reno product to update many facets of the property. This product allows you to select a licensed contractor, plan updates, and roll everything into the purchase loan.
Build Your Manufactured or Modular Home with our One-Time Close or Two-Time Close Construction Loan programs. Purchase land and home in just one loan or two. Ask us about it today!
Our process is quick and straightforward; we want to help you create a smooth home purchase experience. Complete our eligibility form or call us to speak directly to our Top Rated® National Manufactured Mortgage Lender. We’re eager to help you with your new home purchase!
Richie, OK... so you've officially done something I've never seen in 22+ years selling real estate. Closed a VA Loan on 224 Acres, with a Manufactured Home. CONGRATULATIONS! and THANK YOU!!! Admittedly, I was skeptical (more like pessimistic) when James told me you were going to get this VA Loan completed. And I had many doubts along the way, because I'd seen so many VA Lenders fall flat on their faces, just before the Closing. BUT... You got the Job DONE! Occasionally, I find someone out there who has done an Outstanding Job, helping my Clients... and You are one of these! I'm now officially a FAN of You and Your Work. I would be honored to promote you and your services to other Agents within our company, and I intend to do so. I will call you when I've caught up on my work a bit... and learn more about how I can do my job better on the next VA transaction.
~Tom K. Realtor
We Work Hard To Obtain The Cash Out You Need For Your Dream Home! We have over 100 years of combined experience helping people just like you get competitive, low, fixed-rate mortgage options for your manufactured or modular home. We promise never to spam you, sell your information, bombard you with robocalls, or provide anything but a clear, transparent conversation from start to close! It all begins here; start now!
Manufactured Nationwide is proud to present hard-working bankers who roll up their sleeves to deliver amazing solutions. With programs available to those turned down by other banks or needing a focused banker ready to listen and fight for your loan. We stand at the ready, bringing over 100 years of mortgage industry knowledge to achieve your goals. From double to triple-wide, from Barndominium to SIP Panel Construction, you can build, buy, refi, or renovate with Manufactured Nationwide's custom-tailored loans.
THE FEDERAL SAVINGS BANK IS NOT AFFILIATED WITH OR ACTING ON BEHALF OF THE FHA, USDA, VA, OR THE FEDERAL GOVERNMENT.
*Subject to credit approval. Terms and conditions may apply. Property insurance is required on all loans secured by property.
*Important: We do not offer financing for homes on rented land or in mobile home parks. For family land, financing is only available if the property is on a separate parcel with no other property, and the borrower must be on the title to that land. Financing is available only for properties permanently affixed to owned land at closing, except for new construction projects. New Dealer Manufactured Home Loans are not available in New York. Modular and site-built land/home construction loans are available in all 50 states.
*Messaging and Data Rates May Apply.
*VA eligibility is required for VA loan products. USDA loans are only available in USDA-eligible areas as designated by the USDA.
*We do not offer new dealer-manufactured home loans in New York, but we do offer modular and site-built land and home construction.
*Qualification for up to $50,000 extra is for qualified borrowers and can be applied to all loan programs. This is a separate unsecured consumer loan we will underwrite in-house at the same time as your requested mortgage loan. Please contact your banker to request this program and the applicable rates, terms, and conditions. Consumer unsecured lending programs prohibit loan proceeds from being used for down payment.
REALTOR® is a registered trademark of the National Association of Realtors and is not affiliated with NationwideHomeLoansGroup.com or The Federal Savings Bank.
†Subject to applicable law and lender approval, when represented by one of our participating real estate brokerage companies during the purchase or sale of a home or land, eligible Consumers may receive a rebate of up to thirty percent (30%) off of the fee to be received by the participating real estate brokerage company representing the respective Consumer, at closing, which rebate will be applied exclusively toward paying down that Consumer’s applicable closing costs. In no event shall any rebate be greater than the aggregate of all closing costs. Issuance of a rebate is subject to a participating real estate brokerage company’s receipt of its fee. The following states condition, or do not permit, the granting of a rebate by real estate brokerage companies (list is subject to change at any time): Alaska, Iowa, Kansas, Louisiana, Mississippi, Missouri, New Jersey, Oklahoma, Oregon, and Tennessee. No remuneration is paid to The Federal Savings Bank or to any of our Bankers. This is a free program offered exclusively by us to help our consumers save on their real estate transactions.
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