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