Manufactured Homes Are NOT What You Think.

Manufactured homes are a popular and affordable housing option for many people, but the question of who lends on them can be a complex one. With the rise of manufactured homes, there are now a lot of different lenders that are willing to provide financing for these homes. This article will explore who lends on manufactured homes and what you need to know to get a loan.

When it comes to lending on manufactured homes, there are two main types of lenders. The first are traditional banks and credit unions that offer mortgages for manufactured homes. These lenders typically have more stringent requirements than those of other lenders. They may require a good credit score, a sizable down payment, and proof of steady income. However, they are also more likely to offer competitive interest rates and terms.

The second type of lender is a private lender. These lenders are typically smaller organizations that specialize in providing loans for manufactured homes. They may be able to work with people who have less than perfect credit, or who need to make a smaller down payment. Private lenders may also be willing to look at a wide range of factors when deciding whether to approve a loan, such as an individual’s overall financial situation. However, these lenders tend to charge higher interest rates than traditional lenders.

In addition to traditional banks and private lenders, there are also government-sponsored entities that offer loans for manufactured homes. These entities, such as the Federal Housing Administration (FHA), the Department of Veterans Affairs (VA), and the United States Department of Agriculture (USDA), are typically willing to offer more flexible terms and lower interest rates than other lenders. However, these entities also have certain requirements that must be met in order to qualify for a loan.

No matter what type of lender you choose, it’s important to shop around and compare rates and terms before making a decision. Doing so can help you get the best deal on your manufactured home loan.

Key Points:

• There are two main types of lenders for manufactured homes: traditional banks and credit unions, and private lenders.
• Government-sponsored entities, such as the FHA, VA, and USDA, offer more flexible terms and lower interest rates.
• It’s important to shop around and compare rates and terms before making a decision.

People Also Ask:

Q: Are manufactured homes hard to finance?
A: It depends on the lender and the individual’s financial situation. Some lenders may have stricter requirements than others, while government-sponsored entities often offer more flexible terms.

Q: Can I get a loan for a used manufactured home?
A: Yes, it is possible to get a loan for a used manufactured home. However, the terms and interest rates may be different than those on a new home.

Q: What documents do I need to secure a loan for a manufactured home?
A: Typically, lenders will require proof of income, a good credit score, and a sizeable down payment.

Who Lends On Manufactured Homes – How to Choose

What people have been telling you about manufactured homes is not what they think they are. They are an affordable housing option for many people and they are not made with inferior materials to traditional stick-built homes. In this video, I show you how to purchase either a new manufactured home or an existing resale as well as what to expect from financing one with a manufactured home loan.
The VERY COSTLY Differences Between Modular and Manufactured Homes:
5 Tiny Manufactured Homes You Can Buy On Amazon For Under $40k:

Join this channel to get access to perks:
#manufacturedhomes #homes #kristinasmallhorn
Please Feel Free To Drop Me A Email At
Or You Can Call Me Direct At: 1-225-246-1812
🏡To look for properties in the Baton Rouge and Ascension Parish area click here:

🌎To read my blog visit

📭To Send Mail:
Kristina Smallhorn
PO BOX 1271
Prairieville LA 70769

Kristina Smallhorn, Your Real Estate Whisperer,
eXp Realty LLC,2900 Westfork Dr. Suite 401, Baton Rouge LA 70817
225-246-1812,Office (225) 412-9982 ext# 149
Kristina Smallhorn is a licensed REALTOR® with the state of Louisiana, License #0912122918
All images and additional video segments contained in the Thumbnails and/or B-roll segments are used in strict compliance with the appropriate permissions and licenses required from and in accordance with the YouTube Partner Program, Community guidelines & YouTube terms of service. As an Amazon Associate, I earn from qualifying purchases at no extra cost to you as a buyer.

Thanks for watching the Manufactured Homes Are NOT What You Think. video!

Watch the Manufactured Homes Are NOT What You Think. video on Youtube