What are Manufactured Home Loans

Variety of Options for Manufactured Homes Purchases or Refinance

A “manufactured home” is any dwelling that is built on a permanent chassis and installed on a permanent foundation system (wheels, axles and towing hitch must be removed). Manufactured homes must meet the federal Manufactured Home Construction and Safety Standards of June 16, 1976 (the HUD Code).


Other factory-built housing (not built on a permanent chassis), such as modular homes, are not considered manufactured housing (MH) and are treated the same as site-built housing, and thus is not subject to the MH guidelines.


For information on our specialty program for mobile homes, single-wides, chattel, and pre-Hud manufactured homes CLICK HERE.

Benefits You’ll Love About Manufactured Home Loans

Minimum loan amount of $50,000

Homes built after June 15, 1976 are eligible

Variety of optionsfor purchasing and refinancing

No maximum acreage limit

Types of Manufactured Home Loans

Below, you will find expandable sections that give you information on different types of Manufactured Home Loans. If you are ready to apply for a loan, click here and it will take you to our secure online application. If you still have questions, our loan officers are just a phone call away (805.543.LOAN)

Property Elegibilty

  • Meet the model manufactured home installation standards (built after June 16, 1976)
  • Must 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
  • Home must be de-titled and taxed as real property
  • Homes must be permanently affixed

Purchase (Conventional)

  • Term: 5-, 20-, or 30-years
  • Loan-to-Value: 80% maximum
  • Credit Score: 660 minimum

Purchase (FHA)

  • Loan-to-Value: 96.5% maximum
  • Credit Score: 660 minimum
  • No renovation allowed

Refinance (Conventional)

  • Loan-to-Value: 96.5% maximum

Refinance (FHA Cash-Out)

  • Loan-to-Value: 80% maximum
  • Credit Score: 680 minimum
  • Term: 30 years or less (loans less than $80,000 require a term of 20 years or less)
  • Manufactured homes located in a flood zone are not eligible for FHA financing

Borrower Qualifications

  • Home must be used as the principal residence of the borrower, or second home (investment properties not allowed)
  • Home must be a multi-wide home, single wide homes are prohibited
  • No maximum acreage limit
  • Appraisal report required
  • Minimum loan amount: $50,000
  • Homes built prior to June 15, 1976 are not eligible


A borrower who meets the program specifications has a variety of loan programs through which to finance their manufactured home loan. Including (see below):

Purchase (HomePath)

  • Loan-to-Value: 97% maximum
  • Credit Score: 660 minimum
  • No renovation allowed

Refinance (HARP: DU Refi Plus)

  • Loan-to-Value: 105% maximum
  • Credit Score: 680 minimum
  • Term: 25 year maximum

Refinance (Conventional Cash-Out)

  • Loan-to-Value: 65% maximum
  • Credit Score: 680 minimum
  • Term: 20 years
  • Must have owned both the land and home for a minimum of 12 months
  • Investment properties are prohibited

Step 1. Get Pre-Approved.

How Does Pre-Approval Work?

Getting pre-approved is as easy as 1-2-3!

1. Create an Account

Creating an account is fast, easy, secure and FREE! Your account enables you to easily modify your loan application and view the status of your loan anytime day or night.

2. Submit Information

When you register for a Loan Center account, you can submit a loan application online and the sensitive information that you provide will be transmitted securely.

3. Get Pre-Approved

Kick your feet up while we crunch the numbers. Pre-approval can be done very quickly if you provide a complete and accurate loan application and supporting documentation.

You have questions? We have answers.
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