Financing
Purchasing a manufactured home is a big step, and finding the right financing can make all the difference. At Meadows Homes, we work with a wide range of trusted lenders to help you find the loan that best fits your needs. Most of our customers use conventional loans—financing based on your credit, income, and financial history. These loans often offer competitive rates and flexible terms, especially if you have strong credit or already own land.
In addition to conventional financing, some lenders also offer government-backed loan programs such as FHA, VA, and USDA loans. These programs can provide added benefits like lower down payments, more flexible credit requirements, and support for veterans or buyers in rural areas. Not every lender offers government-backed loans, so it’s important to ask about your options.
Apply for Financing
There are lots of things to consider when it comes to financing your home, and we are here to help! Our experienced housing consultants can help you find the best financing options for your new manufactured home. Our easy to use online application allows us to gather the needed information to begin exploring financing options for your new home. Apply today!
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Types of Conventional Loans
Below is a brief description of three common types of conventional loans used for manufactured homes. Each loan type may vary depending on the lender you choose and your individual financial situation.
HOME ONLY
Home Only loans are just what they seem. Loans for just the home itself. No land required for collateral. May be set in a mobile home park. This type of loan typically requires a minimum of 5% down.
LAND IN LIEU
Land in Lieu loans basically mean you are pledging your land as a down payment instead of a cash down payment. This type of loan, with some exceptions, allows septic, electric, water and site improvements to be included in your loan.
LAND AND HOME
Land and Home loans allow you to buy a home, buy the land, and do the improvements all with one down payment.
Government-Backed Home Loan Programs
Below is a brief description of three government-backed home loans on the market today, including low-down payment FHA loans, 100 percent VA loans and no-money-down USDA loans.
FEDERAL HOUSING ADMINISTRATION
FHA loans are federally-backed loans that allow for as little as 3% down payment. Certain restrictions apply. May vary according to lenders.
VETERANS ADMINISTRATION
VA loans are limited to qualified veterans only. If you qualify, these loans allow no money down, and no mortgage insurance. Certain restrictions apply and programs may vary according to lenders.
US DEPT OF AGRICULTURE
USDA loans are insured through the United States Department of Agriculture and are designated to rural areas. Some income limitations apply and certain areas may not qualify. Check with your lender for details.
Manufactured Home Lenders
We are excited to share with you a list of lenders that specialize in the financing of Manufactured Homes. Review this list and check your local lenders for the best terms available.
21ST MORTGAGE
HOUSING TYPES:
- Single Wides
- Double Wides
- Modulars
LOAN TYPES:
- Home Only
- Land in Lieu
- Land and Home
TRIAD FINANCIAL
HOUSING TYPES:
- Single Wides
- Double Wides
- Modulars
LOAN TYPES:
- Home Only
- Land in Lieu
- Land and Home
CREDIT HUMAN
HOUSING TYPES:
- Single Wides
- Double Wides
- Modulars
LOAN TYPES:
- Home Only
- Land in Lieu
- Land and Home
FIRST BANK
HOUSING TYPES:
- Single Wides
- Double Wides
- Modulars
LOAN TYPES:
- Home Only
- Land in Lieu
- Land and Home
CASCADE
HOUSING TYPES:
- Single Wides
- Double Wides
- Modulars
LOAN TYPES:
- Home Only
- Land in Lieu
- Land and Home
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