USDA Loans lend on Modular Homes with 100% Financing
Here are the programs that we offer with Modular Homes.
- Brand New Modular Home with land with $0 down - With this program you can buy land with a Modular Home and get 100% financing.
- Existing Modular Home. You can buy an existing modular home already with land with $0 down, 100% Financing. It can be for sale on the market, for sale by owner or even a foreclosure.
Loan Program Benefits
- 100% Financing
- No Down payment
- Closing costs can be covered through the loan
- Fast approval and closing times
- Lowest Fixed Mortgage Rate, Very affordable house payments
- Taxes & Insurance included with house payment
- USDA Government Guaranteed Mortgage
Loan Program Requirements
- 620+ credit score
- No bankruptcy in the last three years
- No foreclosure in the last thee years
- Modular home can be brand new or existing
- No maximum loan amount
- Minimum loan amount $50k
- Debt to income ratio below 45%
- No swimming pools or properties in 100 year flood zones