Are VA Loans Available for Modular Homes?

At Tidewater Custom Modular Homes, we recently saw this question asked and thought we would share the response with you:

VA does offer loans on manufactured housing for eligible veterans. But not all vets are guaranteed a loan. If you have trouble locating a lender for a manufactured home contact a modular home dealer in your area.

It is easier to locate VA and other forms of financing for modular homes versus mobile homes or manufactured housing.

Modular homes are a home built in a factory and then moved in pieces by truck to the building site where it is assembled and permanently placed on a foundation. Modular homes can be financed by a real estate loan. More residential lenders are willing to lend on real estate that has a modular home than they are other forms of factory built housing.

At Tidewater Custom Modular Homes we want to thank our veterans and we always offer Military Appreciation Modular Home Discounts and Promotions.

Any past or present member of the United States Military gets a $2,000 credit towards options or upgrades as a thank you for serving our country. Present your military ID when you order your new Modular Home.

For more information on modular construction and our military discounts, contact Tidewater Custom Modular Homes.

Question found on Mortgage News Daily

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