Do va home loans cover doublewides?

Question

Do va home loans cover doublewides?

Charley Fahey · Accepted Answer

VA Loan Terms for Mobile Homes . Most VA loans have 30-year repayment terms. But the maximum term for VA loans for manufactured homes is much shorter according to the Catalog of Federal Domestic Assistance (CFDA). The maximum loan term is 20 years and 32 days for single-wide manufactured homes (purchased with or without a plot of land), For double-wides, it’s 23 years and 32 days.

Cassandre Hilpert · Answer

This is a requirement on all FHA and VA loans for modular double wide homes. This is where we come in. You (the home owner or buyer) are then required to hire a professional licensed engineer to certify that the mobile home was installed according to the "modular double wide homes", and the HUD

Ernestine Conroy · Answer

VA modular and manufactured home loans are funded by the private lender but are guaranteed by VA… A VA modular and manufactured home loan can cover 100% of the loan. This means you may be able to obtain your home with $0 down payment. VA manufactured and modular home loans do require a VA funding fee.

Roy Bergnaum · Answer

But the maximum term for VA loans for manufactured homes is much shorter according to the Catalog of Federal Domestic Assistance (CFDA). The maximum loan term is 20 years and 32 days for single-wide manufactured homes (purchased with or without a plot of land), For double-wides, it’s 23 years and 32 days.

Do va home loans cover doublewides?

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Video answer: Tips & tricks #20: manufactured home lending!