Manufactured Home Lenders Florida

Florida Manufactured Home Lenders

If you’re considering refinancing or buying a Florida manufactured home, you’ve come to the right place. We specialize in Florida Manufactured Home Loans and are here to guide you through the process. Manufactured homes offer Florida homebuyers affordability, flexibility, and modern amenities. Understanding manufactured home requirements is key to making an informed homeownership decision.

Florida Manufactured Home Mortgage Options:

• 580+ Minimum Credit Score
• 100% VA-manufactured home loan
• 100% FHA manufactured home loan
• 95% Conventional manufactured home loans 
• 80% Non-QM Florida Manufactured home lenders 

Age Of The Manufactured Home
Most Florida-manufactured home lenders require homes built after June 15, 1976 built before 1976, to be subject to the HUD/ FHA standards, which were established in 1976. Therefore, they may have different construction standards and may face challenges in financing or insurance. We do have 1 lender that does finance manufactured homes built before 1976.

Alt Doc Florida Manufactured Loans Options:

• Self-Employed Less than 1 year = OK          VOE Only Mortgage  = OK                   Asset Depletion = OK
• No Doc, No W2, No Tax Return = OK         Bank Statement Deposits = OK            Jumbo No Tax Returns = OK
• ITIN No Tax return mortgage = OK             Nonresident No Tax Return = OK           Pledged Assets = OK
• Asset Depletion or Pledged = OK                 Business Profit Loss = OK                     DSCR Rental Income = OK
• Home Loan No Tax Returns =OK                1099 mortgage Lenders = OK            3 Months Bank Statement = OK

Florida Manufactured Home Loan Key Points:

• Double wide, Singlewide, Triplewide – OK if you own the land.
• Must be on owned land, no leased property allowed.
• Up to 57% DTI.
• 3.5% Down Payment for purchases and 80% LTV for refinances.
• Seller paid closing costs up to 6% of FHA Loans.
• FHA 100% financing options are available.
• 150k Minimum Loan Amount 
• Purchase or Refinance and Cash-out.
• Primary residence, second homes, and investment properties.
• 30-Year Fixed Options
• Credit scores as low as 500 with AUS approval
• Must own the land.
• Permanent foundations only.
• Options for Florida-manufactured homes built before 1976.
• Used Manufactured Homes (person-to-person) type transactions must be ready for immediate occupancy. Move‐In Ready condition at the permanent location is required.
• No Manufactured Home Rehab loans must be fully insurable, move-in ready.

Florida Manufactured home lenders are required to obtain a Foundation certification, well certification, water test, and septic certification if applicable..

Foundation Certification Required

Florida manufactured homes, a foundation certification is generally required. This certification, prepared by a licensed engineer or architect, confirms that the foundation meets the requirements outlined in the HUD Permanent Foundations Guide for Manufactured Housing. This is crucial because Florida-manufactured homes must adhere to specific standards for structural integrity and safety.

Florida Manufactured Home Loans, Florida Modular Home Loans, and Florida Mobile Home Loans
Florida Manufactured homes and Florida Mobile Home Loans requirements are almost the same, and they are very similar structures that were built after June 15, 1976. In 1976, the U.S. Department of Housing and Urban Development (HUD) put new safety standards into effect for mobile homes and changed the name of these structures going forward to “manufactured” homes rather than “mobile.” The main difference between manufactured and mobile homes is that manufactured homes abide by the new safety regulations set in place by HUD, while mobile homes were built before their implementation. Mobile homes were also often intended to be easily movable, whereas many manufactured homes are not built to move after they are assembled.

Florida No Tax Return Options:

Manufactured Home Mortgage Locations: