Property classification matters
Financing can depend on whether the manufactured home is legally classified as real property, whether the borrower owns the land, and whether title and local records support the required real-property treatment.
Program requirements can be specific
Conventional, FHA, VA, and other available programs can have different requirements concerning the home's age, foundation, HUD certification, additions or modifications, property type, appraisal, and other characteristics.
Why early review helps
Manufactured homes can involve title, foundation, permit, appraisal, and property-record questions that are best identified before the transaction is too far along.
What I look at early
- Land ownership
- Title and real-property status
- Foundation and certification
- Year and HUD data
- Additions or structural modifications
- Property type and applicable loan program
General educational information only. Loan programs, eligibility, guidelines, rates, costs, and availability can change and depend on the borrower, property, transaction, lender, and program requirements. This page is not a commitment to lend.