Financing Your Home
Everything You Need to Know About Funding Your Dream Home.
Home Financing Overview
| Home Type | Typical Loan Types | Interest Rates (2025) | Loan Terms | Down Payment | Special Considerations |
|---|---|---|---|---|---|
| HUD Manufactured Home (Real Property) | FHA, VA, USDA, Conventional | 6.75-9.00% | 15-30 years | 3.5-20% | Must be HUD-certified (post-1976), permanently affixed to owned land, foundation certification required |
| HUD Manufactured Home (Personal Property) | Chattel loans, Personal loans | 7.5-12.99% | 10-25 years | 5-35% | Higher rates, shorter terms, classified as personal property, typically on leased land |
| Modular Home | Construction-to-permanent, Conventional, FHA, VA, USDA | Same as site-built homes | 15-30 years | 3-20% | Follows local building codes, requires payment to manufacturer at delivery |
| CrossMod Homes | Fannie mae MH advantage, freddie mac CHOICEHome | 6.5-8.5% | 15-30 years | 3-5% | Site-built features, can appraise with site-built comparables, special financing programs |
| Park Model/Cottage | RV loans, personal loans, chattel loans | 6.5-19% | 5-15 years | 10-35% | Classified as RVs, subject to ANSI A119.5 standards, limited to 400 sq ft |
| Tiny Homes (On Wheels) | RV loans, personal loans | 7.5-18% | 3-15 years | 15-35% | Often considered RVs, typically under 400 sq ft, may face zoning challenges |
| Container Homes | Construction loans, personal loans, Home equity | 7.0-16% | 5-15 years | 20-30% | Considered alternative construction, limited lender options, requires land ownership |
| Panelized Kit Homes | Construction loans, builder loans | 7.0-10% | 15-30 years | 20-30% | Similar to modular but shipped as flat panels, requires contractor assembly |
| Log Cabin/Packaged Kit Homes | Construction loans, manufacturer financing | 7.0-12% | 15-30 years | 20-35% | Specialized construction financing, often requires construction experience |
Loan Comparison
Home Type:HUD Manufactured Home (Real Property)
Typical Loan Types:FHA, VA, USDA, Conventional
Interest Rates (2025):6.75-9.00%
Loan Terms:15-30 years
Down Payment:3.5-20%
Special Considerations:Must be HUD-certified (post-1976), permanently affixed to owned land, foundation certification required
Home Type:HUD Manufactured Home (Personal Property)
Typical Loan Types:Chattel loans, Personal loans
Interest Rates (2025):7.5-12.99%
Loan Terms:10-25 years
Down Payment:5-35%
Special Considerations:Higher rates, shorter terms, classified as personal property, typically on leased land
Home Type:Modular Home
Typical Loan Types:Construction-to-permanent, Conventional, FHA, VA, USDA
Interest Rates (2025):Same as site-built homes
Loan Terms:15-30 years
Down Payment:3-20%
Special Considerations:Follows local building codes, requires payment to manufacturer at delivery
Home Type:CrossMod Homes
Typical Loan Types:Fannie mae MH advantage, freddie mac CHOICEHome
Interest Rates (2025):6.5-8.5%
Loan Terms:15-30 years
Down Payment:3-5%
Special Considerations:Site-built features, can appraise with site-built comparables, special financing programs
Home Type:Park Model/Cottage
Typical Loan Types:RV loans, personal loans, chattel loans
Interest Rates (2025):6.5-19%
Loan Terms:5-15 years
Down Payment:10-35%
Special Considerations:Classified as RVs, subject to ANSI A119.5 standards, limited to 400 sq ft
Home Type:Tiny Homes (On Wheels)
Typical Loan Types:RV loans, personal loans
Interest Rates (2025):7.5-18%
Loan Terms:3-15 years
Down Payment:15-35%
Special Considerations:Often considered RVs, typically under 400 sq ft, may face zoning challenges
Home Type:Container Homes
Typical Loan Types:Construction loans, personal loans, Home equity
Interest Rates (2025):7.0-16%
Loan Terms:5-15 years
Down Payment:20-30%
Special Considerations:Considered alternative construction, limited lender options, requires land ownership
Home Type:Panelized Kit Homes
Typical Loan Types:Construction loans, builder loans
Interest Rates (2025):7.0-10%
Loan Terms:15-30 years
Down Payment:20-30%
Special Considerations:Similar to modular but shipped as flat panels, requires contractor assembly
Home Type:Log Cabin/Packaged Kit Homes
Typical Loan Types:Construction loans, manufacturer financing
Interest Rates (2025):7.0-12%
Loan Terms:15-30 years
Down Payment:20-35%
Special Considerations:Specialized construction financing, often requires construction experience