A manufactured home in Idaho, has to be on a permanent foundation, and recorded as real property with the county.(UPDATE, as of, we are able to do some single wide Maufactured Homes, call for details!) This is the reason why some lenders limit land value to 35% of total purchase price. Lenders also want to make sure that the value of the property is not in the land, but in the home, itself. A manufactured home has to be a double wide, lenders are not going to loan on smaller homes.A complete list of standards can be found on HUD regulations at 24 C.F.R.

Prior to this date, no standards were available and/or were not being followed. Be built after June 15, 1976, the reason for this is the Federal Manufactured Construction and Safety Standards went into effect, that covered such items and construction, wiring, and transportation.A manufactured home, in order to get any type of loan has to: One of the most important aspects is the age and style of a manufactured home. Important Construction and Date information: And many lenders will loan on manufactured homes, both conventional financing and government financing, such as FHA, VA and Rural Development.īut as with most home loans, there are regulations that need to be aware of, to ensure a smooth loan transaction, and home shopping experience. The First-Time Homebuyer requirement is waived.Īcquisition cost limit is $200,000 for all areas.Manufactured homes are a popular way for an Idaho home buyer to attain homeownership at a lower cost. Berwick, YorkĪpplicants must be eligible to receive a MaineHousing first-lien mortgage loan, and understand that the grant requires a 10-year occupancy requirement evidenced by a deferred, forgivable Note and Mortgage. York County: Buxton, Hollis, Old Orchard Beachīerwick, Eliot, Kittery, So. AreaĬumberland County: Cape Elizabeth, Casco, Chebeague Island, Cumberland, Falmouth, Freeport, Frye Island, Gorham, Gray, Long Island, North Yarmouth, Portland,Raymond, Scarborough, South Portland, Standish, Westbrook, Windham, Yarmouth Have an annual household income at or below 80% of the First Home Program income limits. Own and occupy a pre-1976 mobile home as verified by a Maine licensed professional. Must be anchored to a permanent foundation in accordance with the provisions of the Maine Manufactured Housing Board with the wheels, axles, towing hitch and tongue removed.Must be located on the site of the removed pre-1976 mobile home, which may be on owned land, private leased land or in a park.Must be purchased through a licensed Maine dealer.Must be an ENERGY STAR ® certified manufactured home which is to be permanently connected to water, sewer, and other utilities.The initiative combines an amortizing, interest-bearing MaineHousing mortgage loan with a $35,000 MaineHousing grant requiring a 10-year occupancy compliance period, to be used to help Maine residents with the cost of dismantling and removing the pre-1976 home and purchasing and installing an ENERGY STAR ® certified new home on the same site as their existing home. MaineHousing’s Pre-1976 Mobile Home Replacement Initiative provides income-eligible Maine residents with an opportunity to replace the pre-1976 mobile home they own and occupy as their primary residence with a new ENERGY STAR ® certified manufactured home.

Who finances mobile homes