FHA Manufactured Home Loans. A Real Home, On A Real Foundation.
FHA financing for a manufactured home on a permanent foundation, for purchase, refinance, or cash out, from a 620 credit score.*
Financed like a house, because it is one.
Once it is real property, it finances like real property.
- Purchase qualifying starts at a 620 credit score
- Cash out refinancing starts at a 640 credit score*
- First-time and repeat buyers welcome
- Purchase, refinance without cash out, or refinance with cash out*
- The home must be attached to a permanent foundation and titled as real property*
- No maximum on combined financing when the second comes from a government entity*
Purchase qualifying starts at a 620 credit score*
Buy, refinance, or take cash out
Owner occupied homes only
Hitch, wheels, and axles removed, and the home legally classified as real property
Foundation built to the federal permanent foundation standard*
Every borrower needs at least one credit score
What is the Saxton FHA Manufactured Home Loan?
FHA financing for a manufactured home that has been permanently set and titled as real property
The Saxton FHA Manufactured Home Loan finances a manufactured home that is already set on a permanent foundation. Purchase qualifying starts at a 620 credit score, and cash out refinancing starts at 640.
The line that decides everything is whether the home is legally real property. The towing hitch, wheels, and axles have to be gone, and the foundation has to meet the federal permanent foundation standard.
Once that is true, this is an ordinary FHA mortgage. You can buy, refinance without taking cash, or refinance and take cash out, on a home you live in. Homes more than a year old do not require the extra cost approach in the appraisal.*
Why choose Saxton, a California FHA manufactured home lender?
Built for buyers who found the right home and were told it could not be financed.
Real Property, Real Mortgage
Set on a permanent foundation and titled as real property, it is financed like any other house.*
Refinancing Out Of Chattel
A home still titled as personal property is on a chattel loan. Retitling it as real property moves it onto a real mortgage.
Affordability Without Compromise
In a lot of markets it is the only new home a working household can actually reach.
Cash-Out Refinance
Cash out refinancing is available once the credit score requirement is met.*
Down Payment Help
There is no maximum on combined financing when the second lien comes from a government entity.*
Older Homes Welcome
A home more than a year old does not need the additional cost approach in its appraisal.
Hear From Homeowners Like You
Frequently Asked Questions
Straight answers about financing a manufactured home with an FHA loan.
It has to be attached to a permanent foundation, and legally classified as real property under your state’s law. The towing hitch, wheels, and axles must be removed, and the foundation must meet the federal Permanent Foundation Guide for Manufactured Housing.
Purchase and refinancing without cash out start at a 620 credit score. Cash out refinancing starts at 640.*
No, and the difference matters. A home still titled as personal property is financed with a chattel loan, which is a different and usually more expensive product. This is a real estate mortgage, available once the home has been permanently affixed and retitled as real property.
Yes, in one specific way. The home has to have been built after June 15, 1976, the date the federal HUD construction and safety standards took effect. A home built before that date cannot be financed with an FHA loan no matter how well it has been kept. Past that cutoff, age affects the appraisal rather than your eligibility, and a manufactured home more than a year old does not require the additional cost approach that a newly set home does.*
No. This program is for owner occupied homes only.*
Yes. There is no maximum on combined financing when the second lien is provided by a government entity, which is how most down payment assistance programs are structured.
On this program each borrower must have at least one credit score to be eligible. That is a stricter requirement than standard FHA financing, where non-traditional credit can sometimes be used instead.
No, and the difference decides which program you are in. A manufactured home is built to the federal HUD construction and safety standards and carries a HUD certification label. A modular home is built in sections in a factory but assembled on site to the same state and local building code as a site built house, so it carries no HUD label and is not manufactured housing. A modular home is financed as a site built home rather than under the rules described on this page.*
Find out what you qualify for
Whether you’re buying, refinancing, or pulling cash out, there’s likely a Saxton FHA Manufactured Home Loan program that fits. Get a fast, no-obligation pre-qualification today.
Get Pre-Qualified- U.S. Department of Housing and Urban Development, FHA and housing resources
- U.S. Department of Housing and Urban Development, FHA mortgage insurance premiums
*Loan amounts, rates, terms, and down payment requirements are subject to credit approval, income and asset verification, and program eligibility. Loan limits follow the annual FHA limits set by county. Down payment and cash-out limits vary by occupancy, credit score, and documentation type. Not all applicants will qualify. Saxton Mortgage, LLC is an Equal Housing Lender.