can you buy manufactured home va loan

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  • Can a VA loan be used to buy a mobile home?

  • Veterans and military members can look to use their hard-earned VA loan benefits to purchase a manufactured (mobile) home or a modular home. But it鈥檚 important to understand the difference between these two housing types and some of the challenges that can come with trying to purchase them.

  • Can you refinance a manufactured home loan to buy a lot?

  • Refinance a manufactured home loan in order to buy a lot. Refinance an existing VA manufactured home loan to reduce the interest rate. VA requires manufactured homes be on permanent foundations. Guidelines and policies regarding manufactured homes can vary by lender.

  • Can you refinance a manufactured home with a VA streamline?

  • Some lenders will allow you to refinance a manufactured home with a VA streamline (IRRRL). The home would need to have a VA loan on it currently. Check with your lender whether they allow this type of loan, and see our VA streamline refinance page to learn about general qualifications.

  • What is the maximum amount of VA loan for manufactured homes?

  • The VA loans for manufactured homes are guaranteed by the VA which means that VA will give the guarantee to the lender if there will be any loss or if the borrower does not pay. 40% of the total loan amount will be guaranteed by the VA or maximum amount of $20,000.

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