FHA Manufactured Home Mortgage Loan
The FHA mortgage program allows home buyers with little to challenged credit to become homeowners.
- Minimum FICO Score: 640
- Minimum Down Payment: 3.5%
- Down Payment from a Gift: Yes!
- Owner Occupied Only
- Minimum 400 Square feet, so Single Wide are allowed
- Doublewide & Triple Wide
- Constructed after June 15, 1976
- Seller can pay up to 6% towards Closing Costs
- Classified as Real Property
- HUD Certified Permanent Foundation
- HUD tags and certification necessary
Veterans Administration, VA Manufactured Home Mortgage Loan
VA home mortgage program that allows those who served the US to get into a Manfactured Home with NO down payment.
- Minimum FICO Score: 640
- Minimum Down Payment: ZIP, Zero, NADA
- Owner Occupied Only
- Doublewide and Triplewide units eligible
- Constructed after June 15, 1976
- Seller can pay up to 6% towards Closing Costs
- Classified as Real Property
- HUD Certified Permanent Foundation
- HUD tags and certification necessary
USDA Rural Development Manufactured Home Mortgage Loan
Allow for 100% financing in Rural Areas of Idaho
- Minimum FICO Score: 640
- Minimum Down Payment: ZIP, Zero, NADA
- Owner Occupied Only
- Property needs to be in Eligible Rural Areas
- Minimum 400 square feet in size
- Doublewide and Triplewide units eligible
- Must be constructed in last 12 months and NEVER occupied
- Seller can pay up to 6% towards Closing Costs
- Classified as Real Property
- HUD Certified Permanent Foundation
- HUD tags and certification necessary