Lots of financing options for Manufactured Homes in Idaho.
Manufactured home loans on real property in Idaho make it possible to finance both a mobile home and the land it sits on. This loan type is ideal for buyers who want to own the home and the land, unlike traditional mobile homes placed in parks or on leased ground. These homes are classified as real estate and offer better financing options for Idaho buyers.
Let's explore your financing choices and how you can qualify.
These loans are similar to traditional mortgages. The key difference is that the home is a manufactured or mobile home, but it qualifies as real property because it is permanently attached to land that you own.
This distinction is important because it allows for:
Better loan terms
Lower interest rates
Conventional, FHA, and VA financing options
If your home is still classified as chattel (personal property), we also offer mobile home financing options.
Meeting these guidelines is essential if you want to access manufactured home loans on real property in Idaho through FHA, VA, or conventional programs.
To be eligible, the home must meet a few key criteria:
Built after June 15, 1976 (HUD standard)
Installed on a permanent foundation
Located on land owned by the homeowner
Compliant with local and federal safety codes
Here are three great loan types for manufactured home loans on real property in Idaho:
Conventional mortgages offer low interest rates and longer loan terms, which can save you money over time. These loans may require:
A higher credit score
A larger down payment
Full property compliance
We also offer Idaho Housing programs with down payment assistance to help you get in with little to no money down.
FHA loans are backed by the Federal Housing Administration. They're ideal for buyers with:
Lower credit scores
Limited down payment funds
FHA loans are one of the most popular ways to finance manufactured homes on land in Idaho.
VA loans are available to eligible veterans and active-duty service members. These loans offer:
No down payment
Flexible credit requirements
Yes, VA loans can be used for manufactured homes on real property in Idaho.
Manufactured home loans can be complex. That's where we come in. 1st Choice Mortgage specializes in this type of financing and understands the unique requirements involved. Whether you’re a first-time buyer or upgrading your current property, we'll guide you every step of the way.
Manufactured home loans on real property in Idaho offer a smart path to homeownership for those looking to own both land and home. With options like FHA, VA, and Idaho Housing loans available, there's a solution that fits nearly every budget and lifestyle.
With the right loan program, manufactured home loans on real property in Idaho can help you become a homeowner faster, even with limited savings.
Contact 1st Choice Mortgage today - we're Idaho's experts in mobile and manufactured home financing.
IF the home is NOT on a Permanent Foundation, those loans are here: Mobile Home Loans.
The FHA mortgage program allows home buyers with little to challenged credit to become homeowners.
More Information
VA home mortgage program that allows those who served the US to get into a Manufactured Home with NO down payment.
Allow for 100% financing in Rural Areas of Idaho
Buyers can utilize conventional financing to get a Manufactured Home loan.
The HECM or Reverse Mortgage program allows home buyers over the age of 62 to purchase a home with a Reverse Mortgage
Manufactured Home Loans
Manufactured homes are homes that are built in a factory and then moved onto the foundation. The home has to have a HUD certified foundation, and be categorized in Idaho as Real Property in order to get a mortgage on the home. The home also must pass all inspections by the city and county. And the manufactured homes needs to have a certificate of occupancy. With the exception of a Veterans Administration Mortgage, a manufactured home can only be moved 1 time, from the factory to an original, HUD certified, foundation. Foundation inspections and Appraisal will be required to get a home mortgage on a manufactured home. More information can be found on this Web Page: Manufactured Homes. 1st Choice Mortgage is extremely knowledgeable and experienced when it comes to manufactured homes in Idaho, give us a call today.
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