Manufactured homes are a popular, affordable, and sustainable housing option. Our team specializes in offering flexible and budget-friendly financing options to help you move into your dream home sooner than you imagined. Tidewater Home Funding is your trusted partner in securing the best modular and manufactured housing financing solutions across Virginia and Northeast North Carolina. Our mortgage experts are here to guide you through every step, ensuring you make a sound investment in your future.
Manufactured homes are built in factories and then transported to their designated sites. Unlike traditional homes, they are built entirely in controlled factory environments under the guidelines of the Department of Housing and Urban Development (HUD). By opting for manufactured housing, you unlock a plethora of advantages. These homes are notably more affordable and energy-efficient compared to traditional homes. The manufacturing process also ensures timely construction without weather-related delays, and offers an array of customization options, allowing you to tailor your home to your unique tastes and requirements.
The Federal Housing Administration (FHA) offers loans for manufactured homes providing a favorable option for many buyers. These loans are known for their lower down payment requirements and more relaxed credit score standards.
For veterans, active-duty service members, and their families, VA mortgage loans can be an option. These loans offer numerous benefits including no down payment and competitive interest rates.
If you're looking to purchase a manufactured home in a rural area, you might be eligible for a USDA loan. These loans often feature no down payment and lower mortgage insurance costs.
Join our email list and let us know what interest rate you're looking for. When rates start to move, we'll contact you.
Fannie Mae's MH Advantage program is designed for homebuyers of manufactured homes that have features similar to traditional single-family homes. It offers benefits like lower down payments and competitive interest rates.
The Freddie Mac Home Possible loan is another option providing flexible credit terms and low down payments for qualifying manufactured homes.
Use our easy online mortgage calculators to discover your buying power today*
Many state and local governments and housing organizations offer loan programs to assist with the purchase of manufactured homes. These programs often feature attractive benefits like down payment assistance and reduced interest rates. It's advisable to contact our team so we can help guide you with options available in your area and capitalize on these opportunities.
Formally known as VHDA, Virginia Housing allows for the financing of manufactured homes through FHA, VA and Rural Housing (USDA) loan programs that meet program requirements.
What Our Customers Say About Us
In your journey towards buying a house or refinancing your mortgage, Tidewater Home Funding emerges as your trusted partner. Experience personalized assistance shared around your mortgage needs and support at each phase of the loan process. Being a locally owned mortgage company, we have an understanding of the Hampton Roads, Richmond, and Outer Banks homebuying markets empowering you through the homebuying process. Contact our team today and explore our variety of loan programs.
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Posted on GoogleReach out to our team of local mortgage loan officers and take the initial step towards homeownership. Our team is ready to assist you throughout the process, offering you the necessary information and guidance to help you make informed decisions for your unique needs. Don't delay any longer - contact our team today.
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*Not a commitment to lend. Calculation estimates are hypothetical and intended for educational purposes only. Additional fees and costs, such as taxes and insurance, may not be included and may be different based on the loan program. Actual payment obligation may be higher. Loan programs, interest rates, loan terms and conditions are subject to change and may vary based on market conditions and individual circumstances. If refinancing an existing loan, the total finance charges may be higher over the life of the loan. For more information, please consult with one of our licensed loan officers.
These materials are not from HUD, VA, or FHA and were not approved by HUD or any other government agency.