Flexible Financing for Non-Traditional Homes
Obtain flexible financing for manufactured or prefabricated homes with N-Struct™.
Manufactured Home Loans
Receive these benefits:
- Available for Accessory Dwelling Units (ADUs), manufactured, and pre-fab builds
- Finance improvements based on the property’s “as repaired value”
- Interest-only, 1-year term to lower monthly payments
- FHA, USDA, VA, and Conventional loan options available
- High flexibility with unit types: singlewide, doublewide, and triplewide permitted
- Higher LTV than traditional lenders
Why Choose
N-Struct™?
Not every dream home fits into the traditional mold. N-Struct™ makes it easier to access the funds you need.
Who Should Apply?
These markets should consider N-Struct™:
Homeowners looking to add living space
Developers creating affordable housing communities
Buyers choosing manufactured or prefab homes
Veterans and service members interested innon-traditional housing options
Eligibility
FHA Loans
- Minimum FICO score: 620
- Maximum DTI (Debt-to-Income): 50%
- Property types allowed: Single-Family Residences (SFR), 2–4 unit properties, Condominiums, and PUDs (Planned Unit Developments)
USDA Loans
- 580+ minimum credit score
- Never occupied property that is less than 12 months old
- Must be located in a USDA-approved rural area
- Permanently affixed to land with site included
- The purchase agreement must be within one year of the manufactured date
VA Loans
- 580+ minimum credit score
- Available to veterans, service members, and surviving spouses
- Home must be permanently affixed to a foundation and taxed as real property
- Occupant must use the home as their primary residence
Conventional Loans
- 620+ minimum credit score
- Home must be at least 600 sq. ft.
- Must be a one-unit dwelling classified as real property
Frequently Asked Questions
1. What’s the difference between manufactured and prefab homes?
Manufactured homes are built in a factory and then transported to the site, whereas prefabricated homes are a broad term for both. All can qualify under N-Struct™ depending on the loan type.
2. How long does it take to close on a manufactured home loan?
Timelines vary, but closings are often similar to those of standard mortgages — typically 30 to 45 days, depending on the property inspection, documentation, and loan type.
3. Will my manufactured home lose value faster than a traditional home?
Not necessarily. Properly installed and permanently affixed manufactured homes that meet FHA, VA, or Conventional standards can appreciate similarly to traditional homes.
4. Is the appraisal process different from traditional homes?
Yes. Appraisers verify that the home is built to HUD code (for manufactured homes), is permanently affixed, and meets the loan program’s standards.
5. Do I have to live in a manufactured home to qualify?
For FHA, USDA, and VA, yes — they’re primarily for owner-occupied properties. Conventional loans may be used for investment purposes.
