Mortgage Loan Financing Options for Manufactured Homes

Thanks to today’s manufactured home, more affordable and efficient pathways to homeownership are available. These homes are constructed in controlled environments and transported to their final location, offering not only cost-effectiveness but also flexibility and sustainability.

However, it’s not always been easy to gain access to these affordable homes, in part due to exclusive zoning and a complicated purchase process involving high-interest personal loans. Next Step saw this as an unnecessary hurdle and burden, especially for the homebuyers who could most benefit from the affordability of manufactured homes. This led us to design our Next Step Home with industry-leading features that qualify them for many of today’s popular mortgage products.

This resource explains five ways homebuyers can finance the purchase of a new manufactured home using conventional mortgage loans.

Read More