will fha finance a manufactured home

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If you are not able to qualify for an FHA loan for the manufactured home you want to purchase, other financing options may be available to you. Some lenders make non-FHA manufactured home loans, and you may also be able to finance the structure as personal property rather than through a mortgage loan program.

The home can either be located in an FHA-approved mobile home park or the home-buyer must have an approved site for it. A loan can be made for the home and lot. The maximum loan amounts are $69,678 for the home only, $23,226 for the lot only and $92,904 for a home with lot. The maximum loan term is 15 to 25 years depending on what is being financed.

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