If you have had trouble finding a lender that accepts manufactured home loan applications, then you have come to the right place. Veterans Mortgage of AmericaTM (VMA) is an experienced lender with a commitment to providing superior 5 star customer service to all of our customers.
While many lenders have shied away from the manufactured housing market, VMA continues to offer competitive financing to those looking to purchase or refinance their homes. Typically, Manufactured loans are cumbersome and difficult compared to other loan types. As such, many lenders refuse to offer them. If you are in the market for a loan, you can probably identify with the sense of rejection many people feel when searching for a quality lender that is knowledgeable with manufactured housing loans.
At VMA we not only provide this type of loan, but we are also able to offer exceptional rates with quick turn times. Don’t miss this opportunity to get the specific loan you are seeking. Contact us today by completing the information below or simply call us at 1-484-838-5626. We look forward to working with you!
Product Eligibility
A Manufactured home is a structure that is transportable in one or more sections, and is designed and constructed to the Federal Manufacturing Construction and Safety Standards and is labelled accordingly. To be eligible for FHA mortgage insurance and VA approval, all manufactured homes must comply with the following:
- The Manufactured home is no less than 800 square feet
- The home must be constructed after June 15th, 1976, in conformance with the Federal Manufacturing Home Construction and Safety Standards, as evidenced by an affixed certification label in accordance with 24 CFR 3280.11.
- It must be classified as real property and affixed to the land with a recorded affidavit of affixture.
- The mortgage must cover both the manufactured unit and its site and shall have a term of not more than 30 years.
- The land cannot be leased and must be owned free and clear or with a lien payable to a bank or title company.
- The home must be designed to be used as a dwelling with a permanent foundation built to HUD criteria, and the finished grade elevation at or above the 100-year return frequency flood elevation.
