Manufactured homes

One of the programs that the FHA offers are loans to purchase manufactured homes. Many companies won’t give loans to purchase manufactured or “mobile” homes because of the low re-sale value and the possibility of moving the home to another location. Lenders usually feel confident in loaning money for homes because they know the home is always going to be there if they don’t get their money back, but with manufactured homes this is not the case.

Some of the requirements the FHA has for loans to purchase manufactured homes include:

• The FHA has regulations for the construction of manufactured homes. This is to avoid many safety concerns for the building codes, durability, and quality of the manufactured home. They are also concerned with the re-sale value and making sure that the home construction passes all codes can keep the value secure.



• The FHA has regulations for the design of manufactured homes. This is also to make sure the value of the home stays at a reasonable rate.



• The FHA works with State governments and inspection agencies in order to make sure that their design and construction regulations are strictly enforced.

For more information on purchasing a manufactured home with a FHA loan and the guidelines for this program click here