What are VA loan manufactured home guidelines in Florida, Texas, Tennessee, and Alabama?
Can you buy a singlewide or doublewide manufactured home with a VA loan?
Unfortunately, many lenders simply do not understand VA manufactured home guidelines. This can leads to confusion, mistakes, and sometimes even unnecessary loan denials due to the loan officer or lender’s lack of experience.
In today’s short video, I will walk you through the steps on how you can buy a manufactured home and land with a VA loan and further detail VA manufactured home guideline square footage requirements for both doublewide and singlewide sizes.
However, before we get started, remember to take advantage of our FREE second opinion service “SOS”. This valuable resource is designed to help homebuyers and Realtors get access to an expert second opinion and is great for tool for new qualifications as well as those loans that are already in progress.
As a starting point, manufactured homes, also referred to as mobile homes, are defined by HUD.gov as follows:
“A Manufactured Home is a structure that is transportable in one or more sections. In traveling mode, the home is eight feet or more in width and forty feet or more in length. A Manufactured Home is designed and constructed to the Federal Manufactured Construction and Safety Standards and is so labeled.”
Additionally, VA loan manufactured home guidelines include the following:
Manufactured homes must meet the VA Minimum Property Requirements.
The manufactured home and site must be considered a real estate entity in accordance with state law and meet all local zoning requirements for real estate.
The manufactured home must be placed on a permanent foundation, constructed to withstand both supporting loads and wind-overturning loads that meets state and local requirements.
The manufactured home must be built to HUD Manufactured Home Construction and Safety Standards.
The manufactured home must have a floor area of not less than 400 square feet for a singlewide, or 700 square feet for a doublewide manufactured home.
Appraisers are expected to be familiar with state and local regulations governing manufactured homes (for example, missing HUD labels, alterations, modifications, additions, or component replacements), and to prepare appraisals subject to appropriate requirements for compliance.
In summary, VA manufactured home guidelines offer high flexibility when purchasing a manufactured home. VA loans for singlewide and doublewide manufactured homes can also provide for more affordability and a wider selection of homes to choose from for our veteran community.
The VA program is extremely powerful and because we are licensed in Florida, Texas, Tennessee, and Alabama we can help you qualify to purchase a manufactured home with a VA loan in any of these states.
As a VA Approved Lender let our experience go to work for you! We will walk you through the VA Loan Manufactured Home qualifying process step-by-step. Just call, text, or email to discuss your scenario and let us show you the “Metroplex” difference!
800-806-9836 Ext. 280
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As always, I want everyone to make it a great day, and look forward to seeing you right here for the next tip of the week!