Click here to send MH news, tips, links, documents, facts
or factory-built housing related news story suggestions.

Home > home buyers, Legal, Manufactured Homes, News Item > Veterans Administration Offers Manufactured Home Loans

Veterans Administration Offers Manufactured Home Loans

June 23rd, 2013

The Veterans Administration (VA) Home Loan allows qualified veterans the opportunity to purchase a home, including a manufactured home, with or without a site, or to buy and improve a site, with no down payment. Although the veteran is required to live in the house, the borrower’s spouse also satisfies the occupancy requirement. The VA will protect a private lender of a manufactured home loan up to 40 percent of the amount (no more than $20,000) if the veteran or a later owner of the home fails to make good on the loan. As military.com tells MHProNews, a veteran may also buy income property, up to four units, providing the borrower occupies one of the units.

(Photo credit: Horizon Land Co.)


Matthew Silver - Reporter at Large
Soheyla Kovach - Support Services
L.A. 'Tony' Kovach - Publisher, Editor and Marketing Director. To submit a news tip, please click here: iReportMHNewsTips@MHMSM.com
Comments are closed.