A manufactured home is a type of housing that is built in a factory and then transported to a site where it is set up. It is also commonly referred to as a mobile home or trailer home.
Manufactured homes are eligible for financing through various loan programs, including FHA (Federal Housing Administration) loans, VA (Veterans Affairs) loans, and conventional loans from lenders who specialize in manufactured home financing. These loans may have different requirements and terms compared to traditional home loans for site-built homes. It’s important to work with a lender, like First Choice Financial, who is experienced in manufactured home financing to explore the options available to you.