Manufactured Homes
Mortgages for America specializes in financing new and existing manufactured homes, including single wide homes.
We offer 3.5% FHA, 0% VA, 0% down USDA and 5% Conventional down financing for your manufactured home purchase.
Our Programs:
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3.5% down FHA financing (580+ FICO/43% DTI ratio max)
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3.5% down FHA financing (620+ FICO/55% DTI ratio max)
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0% down VA financing (530+ FICO min)
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5% down Conventional financing (including single wides)
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10% down financing for low FICO buyers (530+ FICO)
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High Debt to Income ratio (55% DTI max/620+ FICO)
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USDA financing for new manufactured homes
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203k and Homestyles rehabs are allowed
Our basic requirements:
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Permanent foundation with tie downs
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Must be built after June 15, 1976
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Land value should not exceed home value
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No farms or commercial businesses allowed
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Second homes with 10% down payment allowed
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Must include the land the home resides on (no leased land allowed)
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Home must be in same location as when new from the factory or dealer
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Minimum purchase price is $99,000 (with 3.5% down)