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Company Loan Type APR Est. Pmt.

will a usda loan cover a manufactured or modular home

I was recently qualified for usda loan but there are not many houses in my area that are in my price range or that meet the guide lines of the loan {working heat ,eletrical,pluming} I have seen some manufactured homes that are very nice and have a little land to go with it

savior70's picture
savior70 | Joined: March 25, 2009 05:14 am | Posts: 0 | Location: New Jersey | 00 Dollars($)

Hi Guest,

You can buy a mobile home with the help of USDA Section 502 Direct Loans. These loans are funded by the Govt. and you can obtain 100% financing. The term of the loan for manufactured home is 30 years. The mobile home has to be permanently installed and must comply with the guidelines as per the HUD Manufactured Housing Construction and Safety Standards.

Like | Dislike | Share | Posted: Fri, 02/05/2016 - 02:21 | Post subject:

Anonymous's picture
Anonymous | Joined: June 8, 2004 01:06 am | Posts: 0 | Location: New Jersey | 00 Dollars($)

have some land but have a low creditscore havejob have work hard just need some help please

Like | Dislike | Share | Posted: Fri, 02/05/2016 - 02:21 | Post subject:

adonis's picture
adonis | Joined: October 22, 2005 05:04 am | Posts: 0 | Location: New Jersey | 00 Dollars($)

Welcome Guest,

With a low credit score, it will be difficult for you to qualify for any kind of loan. You should take steps to improve your credit scores and then apply for a loan. That will make things easier for you.

Like | Dislike | Share | Posted: Fri, 02/05/2016 - 02:21 | Post subject:

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