Manufactured Home Division · Programs
Your Account Executive will help match each buyer to the right product. Programs below are summarized — your AE has the guideline details.
For: well-qualified buyers · permanent foundation · titled to land
Fannie Mae and Freddie Mac both offer conventional financing for manufactured homes that meet HUD code, are permanently affixed, and are titled with the land. Buyers get conventional rates and PMI rather than FHA's MIP-for-life structure.
For: first-time buyers · land + home · lower down payments
FHA Title II covers real-property manufactured-home loans (home and land treated as real estate). Lower down-payment requirements and more flexible credit guidelines than conventional — a strong fit for first-time buyers and rebuilders.
For: home-only purchases · leased lots · used homes
For the home alone — common when the home will sit on a leased lot in a community, or when the buyer is purchasing a used home without buying the underlying land. Loan-amount caps are program-specific; your AE walks through the math.
For: eligible veterans & active-duty service members
Zero down payment for qualifying veterans. The home must be on a permanent foundation and meet VA Minimum Property Requirements. Like other VA loans, no monthly mortgage insurance — a meaningful monthly savings versus FHA.
For: eligible rural-area buyers · land + home · zero down
USDA-eligible buyers in qualifying rural areas can put zero down on a new manufactured home with land. Income limits apply; the home must be new (within the past 12 months) and meet USDA standards.
For: leased-lot situations · community placements
When the home isn't titled to real property — typically a leased lot in a manufactured-home community — chattel financing covers just the home. Shorter terms than real-property loans, but the right structure when a real-estate mortgage isn't available.
For: buyers acquiring the land at the same time
When a buyer needs financing for both the home and the land together — APMC structures land-home combination loans so the whole package closes at once. Useful when there's no existing mortgage on the lot.
For: existing manufactured-home owners
Rate-and-term, cash-out, and FHA streamline refinance options for buyers who already own a manufactured home. Especially common for owners moving from chattel financing to a real-property loan once land is acquired.
Program availability varies by state. Some programs require specific home age, condition, or foundation type. Loan-to-value and credit requirements vary by program. Your AE will walk you through what's available in your dealership's territory.
Apply, and we'll match you with an Account Executive who covers your area.
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