![]() Here is the link for those programs: Moble Home Loans If the home is not Real Property, we have Loans for Chattel, or not real property Mobile Homes! Or if the home has been moved twice. This is to prevent someone from purchasing a manufactured home, putting it on land, closing the loan, and then hitching it up and moving it to another state, and not paying the mortgage. The tongue or hitch has to be removed, and the axels need to be removed as well. A manufactured home in Idaho, has to be on a permanent foundation, and recorded as real property with the county.(UPDATE, as of, we are able to do some single wide Maufactured Homes, call for details!) This is the reason why some lenders limit land value to 35% of total purchase price. Lenders also want to make sure that the value of the property is not in the land, but in the home, itself. A manufactured home has to be a double wide, lenders are not going to loan on smaller homes.A complete list of standards can be found on HUD regulations at 24 C.F.R. Prior to this date, no standards were available and/or were not being followed. Be built after June 15, 1976, the reason for this is the Federal Manufactured Construction and Safety Standards went into effect, that covered such items and construction, wiring, and transportation.A manufactured home, in order to get any type of loan has to: One of the most important aspects is the age and style of a manufactured home. Important Construction and Date information: And many lenders will loan on manufactured homes, both conventional financing and government financing, such as FHA, VA and Rural Development.īut as with most home loans, there are regulations that need to be aware of, to ensure a smooth loan transaction, and home shopping experience. Manufactured homes are a popular way for an Idaho home buyer to attain homeownership at a lower cost. Learn about Manufactured Home.keep reading. ![]() Learn more about Moble Home Loans or twice moved Manufactured Homes. Learn more about Manufactured Home Mortgage Loans
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