Manufactured Home Loans

Agri-One Financial has loans available to finance your manufactured rural home or part-time farm property. If you own or are purchasing a manufactured home with acreage in a rural community, we have the product for you. Long term fixed and adjustable rate loan products are available. We offer competitive rates and a variety of loan products to meet your financing needs. 

Key Criteria for Eligible Loans

  • Must meet the general loan program requirements for either the Rural Home Loan or Part-Time Farm Loan programs 
  • Manufactured home must meet the Manufactured Home Construction and Safety Standards established by HUD June 15, 1976 
  • Must be a doublewide or larger on permanent foundation meeting state and county regulations, with wheels and axles removed 
  • Must be classified as real property with title surrendered or retired (if not permissible by state law lender must hold original title and UCC filing required) 
  • Loan amounts up to $1 million 
  • Maximum loan to value of 75-80% for purchases and limited cash-out refinance and 65% for cash-out refinances.
  • Loan term may not exceed remaining economic life of manufactured home 
  • Must be typical for the community with comparable sales on the appraisal

Customer Qualifications

  • Two years established employment and/or stable income 
  • Acceptable 24 month credit history with a minimum credit score of 620 
  • Must have minimum cash reserves of two months PITI 
  • Monthly Housing Expense to Gross Income Ratio of 28% or less 
  • Monthly Debt to Gross Income Ratio of 36% or less 
  • Flexibility in the above ratios with compensating factors such as excellent credit, substantial cash reserves or low loan to value

Products

  • Fixed rates: 10-year, 15-year, 20-year and 25-year fixed rate loans 
  • Adjustable rates: 1-year, 3/1, 5/1, and 7/1 with 5-year to 25-year term 
  • Adjustable rates: 10/1 and 15/1 with 15-year or 25-year term

For More Information Contact:

Agri-One Financial
303-773-3545
steve@agrionefinancial.com