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Manufactured Home Loans


While other have pulled out of the manufactured housing market, we are pushing forward with a full suite of loan offerings for this type of property.  

Offerings include Manufactured Housing loans for FHA, VA, USDA, DU Refi Plus, Open Access, Conventional, and One Time Close loan programs. Our financing programs offer Manufactured loans for clients with FICO's as low as 620!

For a Manufactured Home that has had the tags removed, a HUD Label Verification Letter must be ordered; see: Institute for Building Technology and Safety (click here)

Property Eligibility : A manufactured home is a structure that is transportable in one or more sections, and is designed and constructed to the Federal Manufactured Construction and Safety Standards and is so labeled. To be eligible for FHA mortgage insurance, all manufactured homes must comply with the following:

  • A floor area of not less than 400 square feet

  • Be constructed after June 15, 1976, in conformance with the Federal Manufactured Home Construction and Safety Standards, as evidenced by an affixed certification label in accordance with 24 CFR 3280.11 (manufactured homes produced prior to that date or ineligible for insured financing)

  • Be classified as real estate (but not be treated as real estate for purposes of state taxation)

  • The mortgage must cover both the manufactured unit and its site and shall have a term of not more than 30 years from the date amortization begins.

  • Built and remains on a permanent chassis

  • Designed to be used as a dwelling with a permanent foundation built to FHA criteria, and the finished grade elevation beneath the manufactured home or, if a basement is used, the grade beneath the basement floor shall be at or above the 100-year return frequency flood elevation.

Engineering Studies are required for all additions attached to the home such as decks, rooms, garages, etc.

1st Rate Mortgage Services, LLC NMLS #216585
327 Dahlonega St., Suite 104 B, Cumming, GA  30040
Office:  (470) 839-8777
Copyright © 2018 1st Rate Mortgage Services, LLC
A Georgia Residential Mortgage Licensee #32549
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