Yes, it is possible to purchase a manufactured home using VA zero down financing, but there are restrictions.
The manufactured home has to be on it's own land and attached to a permanent foundation as well as meeting other codes.
Best thing would be to check with some lenders for all the requirements for VA loans.

Hi Deb

It is possible to buy zero down through the VA loan program, but the home you sent a link to would not qualify for VA.
In order to qualify for VA financing, the manufactured home has to be on it's own land, and this home is on leased land in a park.
As for the $8,000 tax credit, you can't use that towards your down payment.. After closing, you can file an amendment to your tax return and get a check in the mail 60-90 days later. Remember that the $8,000 tax credit expires the end of November, and VA loans take an average of 45-60 days, but the good news is that the tax credit has a good chance of getting extended.

I can send you some manufactured home listings that will fit the VA criteria if you'd like (MFH homes on their own land, and built after 1978), and help you out further. Send me an email at paulbalzotti@johnlscott.com if you'd like my help :-)

Deb, Yes you can obtain VA financing through Wells Fargo with zero down! See below the requirements.

Manufactured
Homes –
Eligibility

To be eligible for a VA loan, a manufactured home must be:

1. Classified and taxed as real property
2. Properly affixed to a permanent foundation
3. Substantially conform with VA Minimum Property Requirements
4. Conform with applicable building code and zoning requirements for real
estate.
5. Manufactured home must be built after June 15, 1976.

Foundation
Requirements

The manufactured home unit must be properly attached to a permanent
foundation system which is constructed to withstand both supporting loads
and wind-overturning

Hope this infomation is helpful!!!


> Heather Burns
> Home Mortgage Consultant
> Wells Fargo Home Mortgage
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> Bellevue, WA 98004
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> Heather.S.Burns@wellsfargo.com
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>
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Hi, Deb,

VA doesn't require a down payment, and closing costs can sometimes be added to the loan or paid by the seller. The first time buyer credit cannot be used during the sale, but you'll get it back when you file for this year's income taxes.

VA doesn't work if the mobile is in a park, also. You need to see a lender ASAP, because there's barely time to get it closed by the deadline 11/30/09!!

Hurry, Hurry,
Jean Bradford
Associate Broker, GRI,CRS,ABR,CRB

Yes. VA requires the manufactured home pass HUD requirements, so it must be newer than July 1st, 1976, be title-eliminated to the property (Same title as the land, not separate) and never have been attached to more than one property.

You can also use your VA to buy 2-4 unit multi-family, condos (if project is VA approved) and of course, regular stick built houses.

I posted some other cool statistics on VA loans on my blog. See my web reference. Hopefully that information is helpful to you.

Deb ~ Yes, it is possible to purchase a manufactured home via VA zero down financing.