What Are The VA Loan Standards For Manufactured Homes?

What Are The VA Requirements To Finance A Manufactured Home

There are many misconceptions out there regarding VA mortgage loans and what types of properties are eligible, particularly when it comes to manufactured (mobile) homes.

At the basic level, VA requirements for eligible properties include such things as independent utilities, sanitary living facilities, an effective heating system, electricity, access to potable water, a safe method for the disposal of sewage (public sewer connection when possible), proper ventilation, etc., all of which can be found in a manufactured home.

Despite the fact that many manufactured homes meet the VA’s standard requirements, many veterans are under the false impression that a VA loan can’t cover a manufactured home.

This is simply not true; in fact, we would be happy to help you with your VA mortgage loan for a manufactured home.

Current 2018 VA Loan Standards For Manufactured Homes Programs In All 50 States.

Not all manufactured homes are eligible for a VA mortgage loan.

For example, any manufactured home that is legally classified as a vehicle is not eligible. For a manufactured home to adhere to VA standards, it must include the following:

  • It’s own lot that the buyer already owns or is purchasing with the home, not leased home parks.

  • The legal classification of a real property, not personal property or a vehicle.

  • A permanent foundation must be suitable to support both supporting and wind-overturning loads.

  • Adherence to the codes and requirements of the jurisdiction's building authority.

How To Meet Your VA Manufactured Homeownership Goals With Manufactured Nationwide Home Loans!

Purchasing a manufactured home with a VA mortgage loan is a complicated business, between finding an eligible property and trying to find a lender willing to help you reach your homeownership goals.

Luckily, the VA home loan professionals at Manufactured Nationwide are dedicated to helping veterans and their families finance their new homes. We work with veterans in all 50 states, so don’t hesitate to contact us to get you into a place you can call home.

THE FEDERAL SAVINGS BANK IS NOT AFFILIATED WITH OR ACTING ON BEHALF OF THE FHA, USDA, VA, OR THE FEDERAL GOVERNMENT.

*Subject to credit approval. Terms and conditions may apply. Property insurance is required on all loans secured by property.

*Messaging and Data Rates May Apply.

*VA eligibility is required for VA loan products. USDA loans are only available in USDA-eligible areas as designated by the USDA.

*We do not offer new dealer-manufactured home loans in New York, but we do offer modular and site-built land and home construction.

*Qualification for up to $50,000 extra is for qualified borrowers and can be applied to all loan programs. This is a separate unsecured consumer loan we will underwrite in-house at the same time as your requested mortgage loan. Please contact your banker to request this program and the applicable rates, terms, and conditions. Consumer unsecured lending programs prohibit loan proceeds from being used for down payment.

REALTOR® is a registered trademark of the National Association of Realtors and is not affiliated with NationwideHomeLoansGroup.com or The Federal Savings Bank.

†Subject to applicable law and lender approval, when represented by one of our participating real estate brokerage companies during the purchase or sale of a home or land, eligible Consumers may receive a rebate of up to thirty percent (30%) off of the fee to be received by the participating real estate brokerage company representing the respective Consumer, at closing, which rebate will be applied exclusively toward paying down that Consumer’s applicable closing costs. In no event shall any rebate be greater than the aggregate of all closing costs. Issuance of a rebate is subject to a participating real estate brokerage company’s receipt of its fee. The following states condition, or do not permit, the granting of a rebate by real estate brokerage companies (list is subject to change at any time): Alaska, Iowa, Kansas, Louisiana, Mississippi, Missouri, New Jersey, Oklahoma, Oregon, and Tennessee. No remuneration is paid to The Federal Savings Bank or to any of our Bankers. This is a free program offered exclusively by us to help our consumers save on their real estate transactions.

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