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.
What this actually means.
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.
Where this can move.
Property classification (single-family, condo, manufactured, 2-4 unit), occupancy, and lender capability for the property type can change the answer.
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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. Mortgage Expert, Inc. is not affiliated with Fannie Mae, Freddie Mac, FHFA, or any government agency.