If your manufactured house is classified as real property, you may be able to finance it with a mortgage. ... The loans work almost exactly the same as financing for traditional “stick-built” houses. Most likely, you'll get a Fannie Mae, Freddie Mac or government-backed mortgage.Sep 20, 2019
Is it hard to get a loan for a manufactured home?
Financing a manufactured home or any other type of home is challenging, but it can be especially hard for a new homeowner. A 20% down payment is no longer common. Many public and private organizations help buyers who have less than 5% of a home's price to put down.
Why is it hard to finance a manufactured home?
Why are Loans for Manufactured Homes so Difficult to Find? ... This is due to the fact that some manufactured homes may age more quickly than their site-built counterparts. It can also be because manufactured homes may not be as profitable as other types of home construction for certain lenders.