Get Pre-qualified For Up To 100% On All Double & Triple Wide USDA Manufactured Home Loans

Buying Or Refinancing? We Are In All 50 States!

Considering buying a manufactured or modular home? With more solid construction features than before, improved home style options, and an extremely affordable price point, manufactured homes are quickly becoming one of the most desirable home styles in the United States.

Whether your first house or as an upgrade, the most crucial step you can take when buying a home is choosing the right loan at a competitive rate. We can finance all-new modular and double-wide manufactured homes, yet we cannot use the USDA product to lend on single-wide properties.

Built-in a factory on a steel chassis and delivered to your property site, these multi-functional homes are an excellent option making it easy to live just about anywhere you desire.

USDA Loan Financing Specialists You Can Trust To Hit Your Closing Date.

For over 25 years, the team at USDA Nationwide has been helping clients throughout the US finance their manufactured homes. We put your needs first to help you understand the USDA Rural Loan process. With generally lower interest rates than FHA and conventional financing, requiring zero money down, you can rest easy about your decisions and feel confident in having us on your side.

Many lenders refer us borrowers they’re unable to help every week because not every lender is approved to close on USDA loans. While most lenders recommend the FHA loan program in rural areas, you must put more money down and have a high mortgage insurance premium.

There is no comparison to the power of a USDA rural home loan, and USDA Nationwide is an FDIC bank offering great financing of USDA rural home types in all 50 states. We work hard to earn your business and make the process as simple as coming to you for the closing. Apply for a USDA-manufactured home loan now.

The Top 5 Benefits Of Choosing A USDA Home Loan From USDA Nationwide.

1. Lower up-front MI Guarantee fees and monthly mortgage insurance premiums. Usually lower than FHA and Conventional rates.

2. Low Competitive Fixed Rates with flexible mortgage terms are often lower than FHA, Conventional, and private Lender options.

3. Escrow taxes & insurance into one low payment.

4. Financing down to 640 credit scores.

5. Qualified Borrowers may access up to *$50,000 extra in unsecured financing in addition to their home loan. Access before closing to consolidate debt and lower your debt ratio to qualify for a larger home loan, or access these funds 1 day after your loan closes to use for remodeling, new appliances, furniture, adding on a rental unit, debt consolidation, or whatever you choose to do with these funds.

These factors, combined with the benefits of the backing of the US Department of Agriculture and the Rural Development Program, make us the most robust and confident lender for Manufactured Homes.

USDA Has Lower Upfront Costs & Monthly MI Fees Compared To FHA.

On October 1st, 2017, the USDA significantly reduced their upfront guarantee and monthly mortgage insurance annual premium fees. Like an FHA Loan, the USDA has two types of mortgage insurance they require since they offer 100% financing: an upfront guarantee fee and a monthly fee.

The “upfront guarantee” is the fee added to the purchase or refinance loan amount and financed into your payment. The USDA’s loan backing fee allows lenders to issue loans according to its guidelines.

The upfront guarantee fee before the change was 2.75% of the loan amount, a substantial premium at the time. The “annual fee” was 0.50%, paid in twelve equal monthly installments.

On October 1, 2016, the USDA upfront fee was updated.

• Former upfront fee: 2.75%

• New upfront fee: 1.00%

The USDA mortgage premium also has been lowered.

• Former annual fee: 0.50%

• New annual fee: 0.35%

Apply for a USDA-manufactured home loan now.

Typically, the USDA reviews financials of previous fee changes annually and then raises, holds, or reduces fees accordingly.

This year’s change is a substantial change that attracts new home buyers to these loans and provides an excellent opportunity to complete a USDA Streamline Assist Refinance to lower the MI and interest rate you are currently paying.

Does Your Manufactured Home Qualify For A USDA Loan?

While a rural home loan may seem perfect to meet your needs, it is essential to understand your options' differences first. Certain restrictions may make one type better, depending on the type of home you want, such as the property's age.

Of course, you do need to confirm your address is in an approved USDA lending area, usually towns with 20,000 or fewer population outside of major cities. USDA requires a manufactured home purchase from an approved dealer to be a brand-new one.

However, some states operate a test pilot program that allows purchasing used manufactured homes. You may contact us directly to see if you live in a state with this pilot program; the USDA just started rolling out in 2017 and has been slowly adopted in some states.

*We do not offer loans for any property placed on rented land, in mobile home parks, or on family land UNLESS that property is FannieMae-Approved. We do not offer to finance any property not permanently fixed to land before closing unless under our new build/construction programs for newly manufactured home models.

Why Choose A Manufactured Home?

Although once viewed as almost cookie-cutter housing, modular and manufactured homes are quickly becoming one of the most desirable types of homes to buy. Because of the luxury of building in a climate-controlled factory and then transporting them to the property site, modular homes are a convenient way to move into a new home on the land you have always dreamed of calling your own.

Modular and Manufactured homes are built to your state’s codes and are often less expensive than houses built on-site. They are durable and increase in value over time, just like traditional real estate.

So why purchase your dream modular home with a USDA Rural Modular Home Loan?

Easy: They are highly-rated loans with excellent low fixed rates!

Working with the industry leaders at USDA Nationwide, we aim to help you get the right loan at the correct rate, turning your modular or manufactured house into your perfect home. We will always put your needs first and keep your best interest in mind; our bankers work with you every step of the way.

Don’t know if USDA Manufactured or Modular Home Loans suit you? Let us help; contact us today.

We’ll design a plan to help you create the home of your dreams.

Call us to speak directly to our Top Rated® Morgage Bankers to discuss your USDA loan options, ask about current interest rates, or complete an eligibility form. We will give you the most accurate information and rates to instantly pre-qualify you. Please read what our customers have to say about their loan closing experience with our bank.

*We do not offer loans for any property placed on rented land, in mobile home parks, or on family land UNLESS that property is FannieMae-Approved. We do not offer to finance any property not permanently fixed to land before closing unless under our new build/construction programs for newly manufactured home models. *We do not offer new Dealer Manufactured Home Loans in New York.

TOUGH LOANS DON’T SCARE US.

Aside from USDA Home Loans, we offer so many options. From Construction To Bridge Loans, Down Payment Assistance Programs, Doctor Loans, Veterinarian Loans, Nurse Practitioner Loans, First Responder Loans, Foreign National, ITIN, and Extensive Renovation Projects, even Manufactured Homes, each loan is as unique as the home! Treating our customers with extreme care and attention to detail, we can’t wait to serve you. We’re solution-oriented, efficiency-motivated, and highly skilled bankers working for you; let us help you today!