The 5 Best Mobile Home Loans of 2021
- Best Overall: Manufactured Nationwide.
- Best for Good Credit: ManufacturedHome.Loan.
- Best for Bad Credit: 21st Mortgage Corporation.
- Best for Low Down Payment: eLend.
- Best for Manufacturer’s Financing: Vanderbilt Mortgage and Finance.
People also ask, is it hard to get a loan for a manufactured home?
Yes, you can finance the purchase of a manufactured home. In fact, it can be much easier to get financing for a manufactured home than for a traditional frame or block house. Financing terms depend on the lender, but the minimum credit scores for the options we discuss below range from 580-650.
Moreover, where can I get a loan for a mobile home?
Types of Mobile Home Loans
- Federal Housing Administration. FHA Title I and Title II loans are available for manufactured homes. …
- U.S. Department of Veterans Affairs. Some VA lenders allow mobile home financing. …
- U.S. Department of Agriculture.
Does Quicken Loans finance manufactured homes?
At this point, Quicken Loans® does not finance manufactured homes but we do provide loans for conventional homes.
Does Quicken Loans finance mobile homes?
Quicken Loans doesn’t do financing on mobile homes, and only a few lenders offer mortgages on this type of housing. Fannie Mae and Freddie Mac do offer conventional loans for manufactured housing, and loans through the FHA are common because of different underwriting standards. … The term of the loans can also vary.