From time to time I get asked if a USDA loan can be used to purchase a manufactured home.
The answer is “yes”. …kind of.
The big limitation when using a USDA loan for a manufactured home is that the loan can only be used to purchase and place a brand new manufactured home on land.
If you are wanting to purchase an existing manufactured home with a USDA loan – you can’t do it. Only NEW homes.
If you have an existing manufactured home you wan to purchase you can use an FHA loan for this type of transaction.
That’s it for today!
Have a good day today! …and thanks for reading.
Brett
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