The VA Loan Guy: Manufactured Homes Made Simple

Will VA Loan on Manufactured Homes?

When it comes to finding a home loan, veterans have several options available to them, including a VA loan. Many veterans are interested in purchasing a manufactured home and are curious if VA loans can be used for this purpose. The answer is yes, in certain cases VA loans can be used to purchase a manufactured home.

VA loans are available to veterans, active duty service members, and their surviving spouses. These loans are designed to make homeownership more accessible for veterans and service members. VA loans are backed by the U.S. Department of Veterans Affairs and offer several benefits, such as no down payment and no private mortgage insurance.

VA loans can be used to purchase a manufactured home, but there are some requirements that must be met. The home must be a single-family residence, located on a permanent foundation, and the home must meet certain VA standards. The home must be labeled as real estate, meaning it must be affixed to the land and not considered personal property.

The home cannot be a modular home, as these are considered personal property. However, if the modular home is permanently affixed to a foundation and meets local building codes, it may be eligible for a VA loan. Additionally, the home must be used as a primary residence and the veteran must meet all other VA loan requirements.

When shopping for a manufactured home, it is important to remember that not all lenders will offer VA loans and those that do may have different requirements. It is important to research lenders and compare their requirements, fees, and terms to ensure the best loan option is chosen.

Key Points:

• VA loans are available to veterans, active duty service members, and their surviving spouses.
• VA loans can be used to purchase a manufactured home, but there are certain requirements that must be met.
• The home must be a single-family residence, located on a permanent foundation, and the home must meet certain VA standards.
• The home must be labeled as real estate, meaning it must be affixed to the land and not considered personal property.
• Not all lenders will offer VA loans and those that do may have different requirements.

People Also Ask:

Q: Can a VA loan be used to buy a manufactured home?
A: Yes, VA loans can be used to purchase a manufactured home, but there are certain requirements that must be met.

Q: What kind of home can a VA loan be used to purchase?
A: VA loans can be used to purchase a single-family residence, located on a permanent foundation, that meets certain VA standards and is labeled as real estate.

Q: Are modular homes eligible for VA loans?
A: Modular homes may be eligible for a VA loan if they are permanently affixed to a foundation and meet local building codes.

Will Va Loan On Manufactured Homes – Highest Rated?

Many people may have some trepidations about getting a VA loan under a manufactured home. However, with the correct knowledge—it can be done. Looking closely at the rules, requirements, and inspections needed to make it work is the first step you need to take. Luckily, I’m here to let you in on what you need to know. To learn more, watch this short video.

Learn More → https://thevaloanguy.com/manufactured-homes-made-simple.html

It doesn’t cost a penny to talk….so call me right now and I will answer your questions! 210-215-4400

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I make my living helping Active Military people as well as Veterans. There are many ways in which to qualify to use this wonderful program. Too many people are misinformed about this program, and I am here to make sure that you are told the “straight facts”.

Patrick Fitzgerald
NMLS 218508
Academy Mortgage
211 N. Loop 1604 E. Suite 260
San Antonio, TX 78232
Office: 210-399-0410
Fax: 210-338-8552
Pat.Fitzgerald@AcademyMortgage.com
www.AcademyMortgage.com

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