Finding an affordable home is challenging when supply is low, prices are high, or available properties need renovations. Manufactured homes are an option that offer major cost savings over site-built homes. There are a huge number of attractive and modern models built to high standards with today’s most desirable amenities. The only difference is that they’re built in efficient, state-of-the-art factory facilities.
MH Advantage™ is a mortgage loan for manufactured homes that have features which are typical of traditional single-family stick-built homes. This program offers 30-year fixed rate financing with benefits that exceed standard loans for factory-built homes. When you buy an eligible home, you’ll get:
Finding a manufactured home or modular home that fits your budget is easier than ever with MH Advantage™. Available through most lenders, MH Advantage™ works similarly to mortgages for site-built homes. In other words, you own both the land and the home. This makes building equity over time a possibility!
*Compared to other manufactured home loans
**Once you reach 20% equity