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How to get an FHA loan to buy a mobile home?

Applying for an FHA loan

How to get an FHA loan to buy a mobile home?

It’s a tough decision to purchase a house and lot with the skyrocketing costs. Some homebuyers check mobile homes as an affordable alternative to owning a place to live. Mobile home ownership gives you an opportunity to own your own home without the worries of land maintenance and property taxes. 


Mobile homes are manufactured off-site in advance and then affixed to the buyer’s chosen location for a permanent residence. Since mobile homes are chattel properties, not real estate, only fewer banks are willing to lend mortgages to cover manufactured housing. Although options are limited to acquiring such property, an FHA loan is an option to ponder.


It’s important to weigh the pros and cons before deciding on buying a mobile home or anything for that matter, while there are stricter guidelines for mobile homes, FHA loans are the best chance to get approval to finance a mobile home. 


There is no better way to get an FHA loan to buy a mobile or manufactured home than to know the rules straight from FHA itself. These rules should be followed until your loan gets approved. As stipulated in the government agency website, here are the guidelines for FHA home loans for mobile homes and manufactured homes:

  • The home must have been built after June 15th, 1976
  • The home must sit on less than 5 acres of land
  • Minimum credit score requirement is 640
  • Max DTI is 45%
  • The loan amount must be more than $100K
  • It must adhere to the Manufactured Home Installation Standards
  • There must have a red HUD certification label attached to every section of the home, remaining visible even after siding or painting is complete.
  • The home must be a single-family dwelling
  • It cannot be less than 400-square feet
  • It must be built on a permanent foundation
  • The home must have a water supply and sewer system that are FHA approved
  • New homes must have a one-year warranty from the manufacturer

Now, if you’re looking for mobile homes in the town of Fernley, Rancho Estates provides a family-oriented community and a charming neighborhood with a premiere location with easy access to many restaurants, shops, and local entertainment establishments. Rancho Estates is a beautiful place you can call home which gives every manufactured or mobile homeowner a sense of community. 


In Rancho Estates, owners have their own space, a green space, room to move for people, driveway, backyard, and more yet with open space to neighbors to fuel plenty of social interactions. Here’s a list of amenities to enjoy:

  • Playground
  • Community Garden
  • On-Street Parking
  • RV Storage
  • Elementary and High School Bus Stop


We’d love to see you in the neighborhood, send us a message and let’s schedule your visit at Rancho Estates, Fernley, Nevada

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