are there any lenders that will give loans on manufactured homes right now?

Asked by Kristinauribe1, Tucson, AZ Mon Aug 17, 2009

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Tom Heath, Mortgage Broker Or Lender, Tucson, AZ
Fri Aug 21, 2009
There are loans for manufactured homes, but recently, two large providers of MH financing stopped funding these loans (see Bill's comment below) and it has made the options much narrower. The only option I have at the moment is conventional programs, which require a significant down payment. We are working on adding FHA financing back to our MH program options, but If you need to act soon, I recommend Renee Hahne at Nova Home Loans. Renee serves on the Southern AZ Mortgage Lenders Assoc board and has been involved with manufactured and government loans for longer than I have been in business! She is a great lady.

You can reach her at (520) 360-3450
1 vote
Con, Renter, Lawrence Township, NJ
Sat Jan 28, 2017
Hello, I am interested in getting a loan for a mobile home in New Jersey. We needed $70,000. We looked into home equity, but could only get $36,00". To whom would you suggest in my neck of the woods for financing?
0 votes
Kristy Furman, Home Buyer, Mesa, AZ
Mon Feb 8, 2016
Contact Kristy Furman with People's Mortgage , she can finance on FHA and VA manufactured !
0 votes
Can you finance on a multi family manufactured home property. One double wide 1996 and one single wide 1999
Thank you, Mary
Flag Tue Mar 8, 2016
Mary Brakefi…, Home Buyer, Bloomsdale, MO
Wed Oct 23, 2013
i own my mobile home how do i get a loan on it without land attached
0 votes
John Arendsen, Agent, Leucadia, CA
Wed Mar 2, 2011
Hi Kristinaurib,

I'm way late for this one but it just popped up on my radar so here goes anyway.

Today's "Manufactured" "Factory Built" Home is constructed exactly like any Site-Buit (Stick Built) Home. In most cases even better inasmuch as they are built in a indoor climatically controlled environment and inspected by a liecensed HUD inspector through every phase of construction.

As a RE Broker, Manufactured Home Dealer, General Contractor and Manufactured Home Contractor in California, Arizona, Oregon and Florida for the past 25 years I can assure you that having built equally as many site built projects as I have Manufactured Home projects that I would select a manufactured home any day.

As for financing? There are plenty of lenders out there willing to finance MH's if they meet the following requriements.

Please feel free to log onto our Trulia or Active Rain blog for more comprehensive information about the MH Industry.

Or you can check our our website and give us a call or drop us an email. We are RE Brokers, Manufactured Home Dealers and licensed, bonded and insured General Contractors and have been actively engaged in the MH Industry statewide for almost 3 decades.

We also do "Lonnie Deals"
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William Pola…, Mortgage Broker Or Lender, Suwanee, GA
Mon Aug 24, 2009
Bank of America is no longer doing Manufactured homes as of June 2009. Wells Fargo is not doing manufactured homes at all. Lenders believe that manufactured homes are a decreasing entitiy as mentioned before.

I visited a company's site where the manufactured homes were being built. They spend a good deal of time putting the houses together from the inside out.

My in-laws lived in Miami when Hurricane Andrew hit. It wiped out all the stick homes in the area. Their mobile home (double wide) withstood the pressure of the storm. Their garage door was sucked out and the semi truck and trailer was pulled 25 feet and flipped. Ever since then, I've believed that manufactured homes are built better than stick homes. Just my opinion.
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A Wells Fargo in Georgia told me they do lend on a doublewide on a permanent foundation.
Flag Mon Feb 20, 2017
Wells fargo does manufactured home loans with 20% down
Flag Thu Jan 22, 2015
Richard Leci…, , Tucson, AZ
Fri Aug 21, 2009
There are many lenders who still have loan programs on manufactured homes. B of A is very good and they will do single wides as well as double wides. Please call or email if you'd like a name. Good luck.
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Robin Willis, Agent, Tucson, AZ
Mon Aug 17, 2009
Bill, why do you say that manufactured homes are built better than stick built homes?

And to answer your question, yes there are lenders who still loan on manufactured homes. Let me know if you need a referral.
0 votes
I live in milpitas ca , looking for a MH loan , have any contacts , thx Judy
Flag Fri Mar 3, 2017
William Pola…, Mortgage Broker Or Lender, Suwanee, GA
Mon Aug 17, 2009
Yes. Most manufactured homes will be done through an FHA program. The key is finding lenders (or brokers) that work with company's like First Guarantee Bank or Sun West. These banks are wholesale lenders for the most part and probably need to be approached through a mortgage broker. Rates aren't pretty as manufactured homes are not seen as increasing value entities (even though they're built better than stick homes). Bank of America used to do those but no longer. Taylor Bean Whittaker was another, but they are not funding loans currently.
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Mary Clark, , Tucson, AZ
Mon Aug 17, 2009
Hi Kristin,
Try giving Tony Poe a call at Long Mortgage--918-1651--see what he has to say,

Mary Clark, Realtor
Long Realty
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0 votes
Vikas Pawa, Agent, Tucson, AZ
Mon Aug 17, 2009
Hi Kristina, very few. I can email you a couple that might have some programs, it's worth a call. Let me know if you want me to send that to you, my email address is below,

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