7/17/2023 0 Comments Who finances manufactured homes![]() ![]() Most VA manufactured, and modular home loans require a VA funding fee that can be financed however, all VA loans we offer are exempt from monthly mortgage insurance fees. Our VA loans allow borrowers to go up to 100% financing. While many manufactured home financing companies do not offer VA loans, Top Flite Financial offers these loans to qualifying veterans with a credit score of 600 or higher. ![]() We have special VA loans for veterans in need of financing for manufactured and modular homes. Some of the perks of this program include a low 3.5% down payment, 30-year loan terms, and low-interest rates. If you are purchasing an existing manufactured home that is not currently affixed to a foundation, we may be able to structure a loan for you that will allow the foundation to be upgraded to FHA standards. To be eligible for FHA financing, the manufactured home you are purchasing must have been built after June 15, 1976, and be permanently fixed to a foundation. We also can often assist buyers with higher debt to income ratios who have other strong compensating factors to help justify their ability to apply a higher percentage of their monthly income toward their housing payment. Through our FHA loan programs, we can often qualify individuals who have had past credit challenges. FHA LoansįHA loans are insured by the FHA and best suited for borrowers who don't have a large down payment and that have less than perfect credit. The following information will provide details about our modular and manufactured home financing options so you can find the best financing for you. This includes conventional loans for top qualifying applicants as well as a wide range of other loan programs which include opportunities for prospective buyers who can afford a home today but have had some credit challenges in the past. offers a range of manufactured and modular home financing options to meet the needs of all types of home buyers. ![]()
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