+1 vote
house to build manufactured  home like real home ,in case i want to sale later?
asked Jan 1, 2018 in VA Loans by lana

1 Answer

+1 vote
Hi Lana, and thank you for your question.

In order to qualify for the best interest rate with a manufactured home, you want to make sure it's classified and financed as real estate, not personal property. That means the home must be at least a double wide, on a permanent foundation. Your best bet for getting loan approval on a manufactured home, unless you have perfect credit and 20 percent down, is probably a government-backed loan like the FHA or VA mortgage program. Manufactured houses today can be constructed and designed very nicely, and often look like traditional "stick-built" houses.

Here's the complete scoop on financing manufactured homes: https://themortgagereports.com/21473/manufactured-home-mortgage-loan
answered Jan 1, 2018 by GinaPogol (47,650 points)
edited Jan 4, 2018 by GinaPogol

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