interest rates and the term on a loan

[lejon Mitchell]

What are interes rates for california on manufactored homes? Are the term for 30 years like buying a house?

[Bill Norcross]

It depends on whether this is a "home-only" or "land-home" deal. Are you buying the land, or just the home? Best. Bill.

[David Oxhandler]

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[Chris]

It does depend on if its home only or a land home. I can talk about land home transactions. Since they are considered real estate, the property finances like a regular home. If you qualify, you can get a 95% ltv conventional loan. You may want to consider FHA financing that is less stringent than conventional financing and allows up to 97% loan to value. FHA has additional requirements for the home than the conventional lenders.

Bear in mind that most lenders consider a manufactured home a greater risk than a site built home. The collateral will be of issue to any underwriter. Age, size, etc. all play a part.

If you would like, I would be happy to speak to you in greater detail about financing a new or existing manufactured home. I am with the Factory-built Housing Finance Group of Sunset Mortgage. We do business throughout the western US.

I look forward to hearing from you.

Best regards,


Chris Tawney
Sr. Lending Specialist
Sunset Mortgage Co., LP
866-898-1465 Toll-free