Manufactured Homes

A Title I loan may be used for the purchase or refinancing of a manufactured home, a developed lot on which to place a manufactured home, or a manufactured home and lot in combination. The home must be used as the principal residence of the borrower.

Maximum Loan Amount

  • Manufactured home only – $69,678
  • Manufactured home lot – $23,226
  • Manufactured home & lot – $92,904

Maximum Loan Ter

  • 20 years for a loan on a manufactured home or on a single-section manufactured home and lot
  • 15 years for a manufactured home lot loan
  • 25 years for a loan on a multi-section manufactured home and lot

Eligible Borrowers Must:

  • Have sufficient funds to make the minimum required down payment.
  • Can demonstrate that they have adequate income to make the payments on the loan and meet their other expenses.
  • Intend to occupy the manufactured home as their principal residence.
  • Have a suitable site on which to place the manufactured home. The home may be situated on an individual homesite owned or leased by the borrower.

An Eligible Manufactured Home Must:

  • Meet the Model Manufactured Home Installation Standards.
  • Carry a one-year manufacturer’s warranty if the unit is new.
  • Be installed on a home site that meets established local standards for site suitability and has adequate water supply and sewage disposal facilities available.

The proceeds of a Title I manufactured home loan may not be used to finance furniture (for example, beds, chairs, sofas, lamps, rugs, etc.). However, built-in appliances and equipment and wall-to-wall carpeting are eligible for financing.

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Both Jackie and Robin were very helpful and always available to answer questions I had. Thank you for making this process as smooth as it could be.

Nicole S.

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