Eugene Mortgage News

Can’t find a house you can afford in the area you want to live in? Offering a solution to the lack of affordable housing, manufactured homes can include high-end materials and features such as granite countertops, spa-style bathrooms, and even custom fireplaces! We have available loan programs for affordable Manufactured homes.

Manufactured Home Loan Highlights

1. Minimum of 580 credit score for FHA, USDA, and VA home loan program
2. Minimum of 620 credit score for a Conventional home loan program
3. Permanently affixed to the foundation and taxed as real property
1. NOT available for Lease land or Manufactured Home Parks
4. Manufactured Home NOT previously installed or occupied at another site/location
5. Singlewide, and multi-wide available
6. Must be a primary residence
7. One-time closed construction loan available 
1. FHA minimum credit score of 620
2. USDA minimum credit score of 640
3. VA minimum credit score of 620
4. Conventional
1. a minimum credit score of 700 for Fannie Mae
2.  a minimum credit score of 720 for Freddie Mac

Manufactured homes can provide the possibility of homeownership to more people.    Manufactured Housing has evolved quite a lot in recent years, and so have the ways homeowners can finance these homes.

Please call Stepping Stone Mortgage at 541-683-3300 for your Manufacture Home loan questions!