Manufactured Homes and The VA Home Loan Program
Many people take advantage of the low cost and lower maintenance of manufactured homes. A manufactured home is also referred to as a trailer, where the home can be mobile and moved to suit the needs of the owner. Veterans who are eligible can use the VA Home Loan Program to purchase a manufactured home.
The VA will guarantee the mortgage loan for the veteran as long as the loan is for:
- Buying a single wide trailer/manufactured home.
- Purchasing land where the veteran plans to put a manufactured home.
- Buying a double wide trailer/manufactured home.
- Purchasing a manufactured home and the land to put it on.
- Refinancing a pre-existing mortgage loan for a manufactured home owned by an eligible veteran.
When a veteran is interested in purchasing a manufactured home and/or land to put the manufactured home on through the VA Home Loan Program they need to look into all of the requirements of the program first. First, get a Certificate of Eligibility to make sure you have entitlement in the program, then find a VA approved lender. Your VA approved lender may be able to apply for you eligibility online. Then you can find out how much you are approved to purchase a home for, and begin house hunting. Once you know you are eligible, and have taken the necessary steps of the loan process, you can get a loan guarantee through the VA Home Loan Program.
Get Started With Your VA Loan Request
Take the first step toward your VA loan by getting in touch with a VA specialist.
For more information about manufactured homes, land, and the VA Home Loan Program go to the VA Government Site To find a VA Home Loan Guarantee approved lender and get started on your pre-approval go to the VA Loan government site.
See a related article: Minorities and VA Programs
VA LOAN SPECIALISTS
We are the online VA loan specialists. It is our goal to ensure that your VA home loan process goes as smoothly as possible. Let us help you get the process started today online, or call us at 800-405-6682.
HAVE A QUESTION?
If you need advice concerning Veteran Home Loans, feel free to contact a VA mortgage specialist online or call 800-405-6682. Specialists can help determine whether a Veteran Home Loan is the best financial decision for you.
