Can I get a conventional loan on a manufactured home?
Yes, with significant rules. Fannie's MH Advantage and Freddie's CHOICEHome programs finance certain manufactured homes that meet specific design and titling standards (real property, not personal property). Standard manufactured homes can also be financed but with stricter LTV and pricing. Florida titling has specific requirements.
Plain-English explanation
Manufactured-home conventional financing requires: home classified as real property (Florida title retired and home conveyed as real estate), permanent foundation meeting HUD standards, post-1976 construction date, minimum width and square footage, and full real-property classification documentation. MH Advantage and CHOICEHome are premium programs with better pricing and as-low-as 3% down for eligible homes that meet site-built design standards. Standard manufactured-home conventional has higher LTV minimums and worse pricing. Subject to Fannie/Freddie program rules.
What can change the answer?
Property classification (single-family, condo, manufactured, 2-4 unit), occupancy, and lender capability for the property type can change the answer.
Want the real answer for your conventional file?
Conventional guidelines are the rule. Your credit, income, DTI, PMI, LLPAs, and Florida payment math are what decide the actual answer.
More conventional questions on Property Types
Educational only. Conventional loan guidelines, lender overlays, rates, fees, PMI, LLPAs, and underwriting requirements can change. Final eligibility depends on full underwriting review.