Does Quicken Loans Do Manufactured Homes

Does Quicken Loans Do Manufactured Homes – Quicken Loans doesn’t do financing on mobile homes, and only a few lenders offer mortgages on this type of housing. fannie mae and Freddie Mac do offer conventional loans for manufactured housing, and loans through the FHA are common because of different underwriting standards.

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Quicken Loans offers mortgage and refinancing loans at fixed and adjustable rates, but not home-equity financing. It can work with the common government programs like FHA and VA loans. If your debt is higher than average and you want to purchase a home or are looking for a refinance home loan, Quicken Loans may be a good bet for securing a home.

Although it’s not impossible to get a conventional loan for a manufactured home, it can be tougher than getting financing with a Federal housing administration insured Loan. Fannie Mae and Freddie Mac lenders do make conventional loans on manufactured homes, but the specific lender you want to use must meet specific requirements.

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Modular and Manufactured Homes: What’s the Difference? From The Zing Blog —> http://bit.ly/1fKwUKg

Manufactured (mobile) home definition from the mortgage glossary at QuickenLoans.com. Learn mortgage terms and jargon with the Quicken Loans Mortgage.

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Some dealers and local lenders may offer financing. Quicken Loans doesn’t do financing on mobile homes, and only a few lenders offer mortgages on this type of housing. Fannie Mae and Freddie Mac do offer conventional loans for manufactured housing, and loans through the FHA are common because of different underwriting standards. Loan amounts vary depending on whether you’re getting a loan for the home itself, the lot or both.

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