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Manufactured Home Financing

Affordable homeownership starts here

Manufactured Housing Financing Options in VA

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.



What is Manufactured Housing?

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.

What Manufactured Housing Loan Programs are Available?

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Federal Loan Programs


FHA Loans

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.



VA Loans

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.



USDA Loans

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.


Don't Miss Out on Rate Drop Alerts

Join our email list and let us know what interest rate you're looking for. When rates start to move, we'll contact you. 


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Conventional Loan Programs


Fannie Mae Manufactured Home Advantage 

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.


Freddie Mac Home Possible

The Freddie Mac Home Possible loan is another option providing flexible credit terms and low down payments for qualifying manufactured homes.

Your Blueprint to Affordable Homeownership Awaits

Are you considering a manufactured home but unsure about the financing options available? Our free ebook breaks down the basics.


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State and Local Loan Programs

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.


Virginia Housing Loans


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.



Mortgage Calculators

Use our free, easy-to-use online mortgage calculators to discover your buying power today.



Frequently Asked Manufactured Home Questions

A manufactured home is built entirely in a factory, following the federal building code administered by the Department of Housing and Urban Development (HUD). They are transported to the site.

Yes, but it depends on several factors including whether the home is on a permanent foundation, if you own the land the home is on, and the age of the home. Meeting these criteria can potentially allow you to secure a traditional mortgage.

For manufactured homes, several financing options are available including FHA loans and USDA loans, each having their own set of requirements and benefits. Additionally, Conventional loans are available through Freddie Mac and Fannie Mae if certain criteria are met.

Yes, refinancing is available for manufactured homes under certain conditions, including the home being on a permanent foundation and the owner holding title to the land on which the home sits. The refinancing terms can vary based on lender policies and market conditions.

Down payment requirements can vary widely based on the lender, the loan type, and the borrower's credit history. In general, it's possible to find financing options that offer low down payment requirements, similar to those of traditional site-built homes.

Interest rates for manufactured homes can be slightly higher compared to traditional homes due to the perceived higher risk associated with manufactured homes. The exact rate can depend on several factors including your credit score, down payment amount, and the lender's policies.

Yes, many lenders offer loan programs that allow you to finance the purchase of both the land and the manufactured home together, creating a single mortgage with one monthly payment.

Credit score requirements can vary based on the lender and the type of loan you are getting. However, many lenders prefer a credit score of 620 or higher for manufactured home financing. FHA loans may have more lenient credit score requirements.

Yes, there might be federal, state, or local grants and programs available to assist with the purchase of a manufactured home. These can include down payment assistance programs, affordable financing options, and more. It's best to consult with a mortgage loan officer to explore your options.

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Background image for Tidewater Home Funding 41552

Your Experience is Our Priority

Your local lending partner, our team strives to exceed your expectations before, during and after the mortgage process.

Gee came recommended from my real estate agent and I'm glad I reached out. Tidewater was able to provide a loan that was far and away the best available, nearly a full point lower than the best rate from one of the major national lenders at the time. Gee and her team were knowledgeable and professional every step of the way. I was also impressed at how prompt they were in communication. This made navigating a few interesting situations that arose during my purchase much easier.
If I find myself in the market for another loan in the area, I will absolutely be reaching out to Gee again.


Working with Michelle Phillips was easy because she has great communication and knowledgeable on everything. All around 5 stars

Ilia Walker-Randall

I had an exceptional experience from the meet and greet to closing.


Jennifer was friendly and informative throughout our Mortgage process. She is the BEST!

Allen B

Let Jennifer handle everything.

Scott P

Everything went well. My husband and I’s experience was fantastic. Jennifer was super helpful and explained everything to us that we didn’t understand. She made the process so easy and quick. I never felt confused or didn’t understand anything. Jennifer was always quick to explain
everything and break it down for us. I don’t think we could have made it through the process of buying our home without her!

James and Tracy

Everything was great.

Dalton and Eleanor

It was perfect.


The team I was working with were amazing and so Knowledgeable. If they didn’t know the answer they were quick to find it. I would
definitely recommend Jennifer to anyone that is looking to purchase a home especially first time homebuyers because I didn’t know
what I was doing and she got me through every step of the way. Thank you so much for being there.


Thank you very much for a smooth and seamless transition. It was great working with you and your staff. Thanks for outstanding
customer service.


Michelle Phillips was very hands on from the beginning to the end. This was our second house we bought with her assistance and both times they were stress free. Whenever I had a question and reached out to her she was quick to respond. The whole office is full of hard friendly workers. In my opinion they’re the best.

Mark Skyles

I was able to ask all of my questions and if I was to forget an answer my loan officer was more than willing to answer them again. I
never had to worry about if something was wrong, and directions were clear through the whole process. I had a wonderful experience overall.

R. Lewis

We are so happy we chose Farmers Bank Home Mortgage to do our refinance. We were very fortunate that we had the opportunity to
work with Jennifer Simpson, who is an amazing loan officer. She went above and beyond every step of the way right up to closing
day. Thank you!


Jennifer was the absolute BEST when it came to ALL parts of the mortgage process. As a young, first time home buyer, I had a lot of
questions and uncertainties. Every question I had, she was able to answer. We had a few obstacles to overcome, but Jennifer was
quick to react and never let me stress over it. I have and will continue to refer my friends and family to Jennifer for any future needs.
She is THE BEST!!!


My experience was great! Jennifer was very professional and very helpful from start to finish.


I refinanced my house with Jen then I got qualified to buy my dream beach house and I bought it and couldn’t be any happier with Jen
she was awesome and I will definitely recommend her all day everyday

H. M.

Very satisfied. Jennifer was on point, fast and worked hard to give me the best loan.


Everything was great. We loved working with Jennifer. Jennifer was the absolute sweetest. She was always there to answer any questions and never felt like we were bugging her. She made sure we fully understood everything.

Mike and Brooke

Excellent experience honestly. From my first interaction with Jennifer I was treated with respect and was given any information I requested. I was running late on a few documents and Jennifer didn't once get negative or lose her patience. I appreciate the amount of time and respect Farmers and Jennifer gives to it's customers.

S. Sellers

Jennifer made everything nice and smooth. Looking forward to doing more business with Jennifer and send her all the business I can.


Jennifer Simpson was excellent! I have already started referring friends. She was great to work with. She was very knowledgeable and guided me through the entire
process. I would highly recommend Farmers Bank!

T, Smith

Jennifer was amazing! She truly made us feel like we were her main priority and our success was her utmost priority. Loved working with her

C and J

Working with Jennifer Simpson thru Farmers Bank has been a great experience. She was always available and was there to answer my 1,000 questions I had. She was very eager to be sure we closed even with all the limitations due to the virus. I would definitely recommend her and Farmers Bank Home Mortgage to anyone. Can not thank her enough!


Paul Branch and Farmers Bank took great care of me and quickly found a loan and great rate to meet my needs. They were very personable and easy to work with. Best home loan experience I've ever had!

Lauren S

I highly recommend Farmers Bank Home Mortgage. Jennifer Simpson made my home refinance process as simple as possible from start to finish. She kept me updated every step of the way. Thank you, Jennifer for an excellent experience.

Lisa S

After shopping around for a mortgage lender, I decided to go with Farmers Bank Home Mortgage because of Jennifer's exceptional customer service. I truly felt like I was working with a friend that had my best interests in mind

Daniel T

Jennifer made me feel like she cared about helping. I had gone with another company at first. They were promising low rates and no fees. At the nd of their process all the promises disappeared and the fees were triple what Farmers Bank Home Mortgage was.

William E

She goes above and beyond for all of her clients! The best there is!!

Shea J

Paul was absolutely great to work with. He was extremely Clear, thorough and patient as he guided us through the process. He was also very timely and worked hard to make sure everything was ready to go before closing. Thank You so much.


She is a very hard working young lady!! I can't think of anyone else I would choose to handle my next mortgage loan!!! She has been in the mortgage business for many years and has attained a vast knowledge which will benefit anyone needing her assistance!

Gale B

Deb Olmstead at Tidewater Home Funding is prompt, professional, and personable. She went out of her way to make sure everything was as
smooth as silk.


Closing went awesome and smooth as can be.. Thank you so much for the basket of goodies.. Between you guys and Martha we were spoiled.. Just got water n power on and believe it or not half of the house is packed and moved to the new house already..  We were very blessed to have had you as our loan officer and doesn't hurt that you have an awesome staff like Linda  and all..  Thank you thank you so much again Paul for being so patient and considerate you have made our dreams of being home owners true.

Mrs. W

Good experience. Enjoyed working with Paul.

J. Foshee

We first applied for a loan at our financial institution. The experience with them was horrible, we felt like we were nobody to them. So down the road we went. Found Paul Branch as a recommendation from a friend. Our lives changed. Paul sat down and explained everything to us like he was a very good friend. Huh? We were not used to this considering what we just had experienced. When we had a question and left a message he promptly called us back. To our surprise Paul helped us get the very best interest rate, better than our bank!! If I know anyone looking for a loan I know who to send them to. HAD TO DO IT!

Barbara H.

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Contact Us Today for a Free Consultation

Ready to explore manufactured housing? Contact Tidewater Home Funding today for a no-obligation consultation and discover how affordable homeownership can be.

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This is not a commitment to lend. All loans subject to program guidelines including credit and property approval. If refinancing an existing loan, the total finance charges may be higher over the life of the loan. These materials are not from HUD, VA, or FHA and were not approved by HUD or any other government agency. Sample payment obligation may be greater than what is stated in scenario. Please contact a licensed loan officer for more information.