Are Federally Backed “Home-Only” Loans Coming to Manufactured Housing?

Manufactured homes have emerged as a distinctive choice for folks looking for quality affordable housing. Their construction process, optimized for efficiency, enables these homes to be built quicker and at a lower cost—often saving purchasers $50,000 to $100,000.

Atlantic Homes Sectional Ranch Home in PA - Essentials Sectional Series  ESDSA-26402

all photos – Atlantic Homes

Despite these benefits, the manufactured housing sector faces challenges, primarily due to the absence of effective federal programs and a scarcity of lenders for the home-only market, making it difficult for many credit-worthy buyers to secure financing. However, recent initiatives by the Federal Housing Administration (FHA) and Ginnie Mae to insure and guarantee home-only loans present a promising opportunity to revitalize this market, potentially easing credit access for prospective buyers of manufactured homes.

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Gary Fleisher is a renowned blogger, consultant, and commentator on construction and housing trends, known for his insightful analysis of the industry.

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Gary Fleisher

Gary Fleisher, “The Mod Coach”, has been entrenched in the offsite construction industry for most of his life. Having started his career in the lumber industry, Gary spent decades working with manufactured and modular home producers and homebuilders. For the past 15 years his blog and LinkedIn postings have introduced thousands to the benefits of factory-built construction and have served as a forum for industry professionals to share insights and perspectives. Gary lives in Hagerstown, MD with his wife, Peg.