Manufactured home financing: compare Conventional, FHA, and USDA options
Key property guidelines, foundation rules, and down payment requirements for factory-built homes.
MANUFACTURED HOME FINANCING
Compare Conventional + USDA options
Core Property Checklist
- HUD-code home built June 15, 1976 or later
- Permanent foundation and permanent utilities
- Home and site secured together as real property
- New or existing homes may qualify; program rules differ
- Credit and DTI are determined by underwriting—not one universal number
FANNIE MAE |
CONVENTIONAL
CONVENTIONAL
- Single- or multi-width primary residence
- Multi-width second homes may qualify
- Minimum 12 ft wide and 400 sq ft
- Purchase, limited cash-out refinance, and certain construction-to-permanent options
- DU required; qualifying MH Advantage may allow up to 97% LTV
FREDDIE MAC |
CONVENTIONAL
CONVENTIONAL
- Single-section primary residence requires LPA Accept
- Eligible multi-section primary or second homes
- Minimum 12 ft wide and 400 sq ft
- Cash-out limited to eligible multi-section primary residences
- Qualifying CHOICEHome may allow up to 97% LTV
USDA RURAL DEVELOPMENT |
SECTION 502
SECTION 502
- Primary residence in an eligible rural area
- Guaranteed and Direct programs have different income rules
- New and qualifying existing homes may be eligible
- Existing home: generally 20 years old or newer, at least 400 sq ft, and never installed at another homesite
- Home, site, installation, foundation, and eligible site work may be financed
Official sources: Fannie Mae Manufactured Housing Product Matrix; Freddie Mac Manufactured Homes; USDA Section 502 Handbooks. Verified Sept. 10, 2026.
Program availability and qualification depend on the property, site, appraisal, title, occupancy, income, credit, underwriting findings, and lender/investor requirements.
Maximum LTV is not a guarantee of financing. Guidelines subject to change. Not a commitment to lend. Benchmark Mortgage | ARK-LA-TEX | NMLS 2143 | Equal Housing Opportunity.
MANUFACTURED HOME FINANCING
Compare Conventional, FHA + USDA options
PROPERTY BASICS
HUD-code home • Permanent foundation and utilities • Home and site secured together as real property • Property, title, appraisal, credit, income, and underwriting review required
FANNIE MAE | CONVENTIONAL
- Standard MH: as little as 5% down for an eligible one-unit primary-residence purchase
- Single- or multi-width primary residence
- Minimum 12 ft wide and 400 sq ft
- Desktop Underwriter® required
- Previously installed or occupied at another site: not eligible
FREDDIE MAC | CONVENTIONAL
- Standard MH: as little as 5% down with an LPA Accept decision
- Single-section primary residence; eligible multi-section primary or second home
- Minimum 12 ft wide and 400 sq ft
- Previously relocated homes may qualify with required structural verification and compatible site zones
FHA | TITLE II
- As little as 3.5% down with a 580+ qualifying credit score
- Owner-occupied principal residence
- Built on or after June 15, 1976
- At least 400 sq ft and HUD-compliant permanent foundation
- Must move directly from the factory or dealer to its site
USDA RURAL DEVELOPMENT | SECTION 502
- Guaranteed: qualifying buyers may receive 100% financing with no down payment
- Direct: down payment typically not required; program limits apply
- Primary residence in an eligible rural area
- Income, credit, repayment, home, and site requirements apply
- Qualifying new and existing homes may be eligible
IMPORTANT MOVE RULE
Freddie Mac may permit a previously relocated home when its structural integrity is documented and the new site is not in a more restrictive wind, roof-load, or thermal zone. Fannie Mae and FHA do not permit homes previously installed at another site.