We encourage users to use to use the free NMLS Consumer Access Link to confirm that
the mortgage company or mortgage professional with whom they wish to conduct business is authorized to conduct mortgage business in their state.
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FHA Mobile Home Loans
Financing Manufactured (Mobile) Homes
Under the Title I Mobile Home Loan program, FHA approved lenders make loans from their
own funds to eligible borrowers to finance the purchase or refinance of
a manufactured home and/or lot. FHA insures the lender against loss if
the borrower defaults. Credit is granted based upon the applicant's
credit history and ability to repay the loan in regular monthly
installments.
A Title I Mobile Home 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 Amounts:
Manufactured home & lot - $392,904
The maximum fhalar limits for lot loans and combination loans may be
increased up to 85 percent in designated high-cost areas.
For further
information on high-cost area limits, contact (866) 331-6117.
Maximum Loan Terms:
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.
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*Note: We
will forward your application to one, single
FHA Specialist who will
contact you to discuss the best FHA
Programs and the lowest rates available at
this time. We do not re-sell, distribute, disseminate
your application information to telemarketers, multiple
lenders, or 3rd party marketing firms.
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