Manufactured Homes

Single Wide – A home built in one long section

Double-Wide – Two sections joined to make a larger home. This model is popular with first-time home buyers.

Triple-Wide – A less common model with three sections joined together for a larger, more spacious home.

Pros:

• Typically, more affordable that site-built housing.
• Reasonably customizable with various upgrades, features, and amenities
• Energy efficient, durable and built to meet the HUD code.

Cons:

• Some areas still view manufactured housing as they would outdated “mobile homes”
• Loans for manufactured housing typically include higher interest rates than traditional mortgages.
• Zoning restrictions in cities may limit your location choices to more rural areas

How to buy a manufactured home

1. Choose a lot
   • Manufactured home communities
   • Rented or purchased land
2. Contact us to help you decide on the right financial strategy for you.
   • Government-back mortgages: HUD-approved loans like FHA and VA loans are available to those who qualify. The home must be converted to and taxed as real property, connected to utilities, and permanently affixed per local code.
   • Conventional loans: Freddie Mac and Fannie Mae both offer conventional mortgages designed specifically for manufactured homes, but they have to be permanently affixed to the property.