Tucson By Choice!: Active Rain Referral: Loan Needed for Manufactured HOME Purchase

Active Rain Referral: Loan Needed for Manufactured HOME Purchase

We're happy to finance this manufactured HOME.If there's a sector of the real estate industry that suffers from insecurity, it has to be the Mobile Home.  Tin Can, Twister Bait, and many other epithets are flung at this sector.  Some REALTORS and Agents alike turn up their noses.  Today, Bank of America told a potential client that they couldn't help with a mortgage loan for the client's mother.  The loan was "complicated."

My friend, an AR REALTOR here in Tucson, told the client that they needed to work with a broker who would listen, and who would think outside of the box.  (They weren't making fun of the Mobile Home, either.)  My phone rang, and we're helping someone's mother finance the home she wants in a beautiful part of Tucson's magical Sonoran desert. 

There's no difference between manufactured and site built when it comes to that most wonderful of all words in the English language:  HOME.

I'm Mike in Tucson, your preferred Tucson, Arizona mortgage lender.
Mike Jones (Tucson Mortgage Company, LLC): Loan Officer in Tucson, Pima County, Arizona
Think of me as your local expert.

Comment balloon 17 commentsMike Jones • May 14 2008 12:09AM


Spokane Washington Real Estate Expert I hear you, it isn't that much harder and in some markets where there are a lot of retirees I would thnk you would want to do it, but I guess many of them will pay cash from the sale of their previous home.

Posted by Ross Quintana, Real E Smarter Real Estate Coach - 509-362-1966 (Real E Smarter) over 12 years ago

The problem I am having here in the PacNW is finding a lender who will loan with reasonable rates on manufactured homes in parks.  Any suggestions?

Posted by Marlene Scheffer, Realtor to Kitsap County, WA (Realty Station) over 12 years ago

I'm glad to hear you are able to do this type of loan.  I was given the impression it was difficult to get a loan on a mobile/manufactured home.  Rumors? 

Posted by Doreen McPherson, Phoenix Arizona Real Estate ~ (Homesmart ~ Scottsdale ~ Tempe) over 12 years ago

I've loved mobile/manufactured homes for years and in fact would love to win the lottery and travel in a luxurious Airstream and blog.  Mobile homes are the only instance I can think of where skirts aren't an advantage!

Posted by Susie Blackmon, Ocala, Horses, Western Wear, Horse Farms, Marketing over 12 years ago

Mike, The word HOME means different things to different people, site built or manufactured, but it is still HOME.  Thank you for giving a helping hand to help someone achieve the American Dream of Home Ownership.

Don R. 

Posted by Don Rogers, Realtor, Broker, CDPE, GRI, OnullFallon MO & St Charles County MO homes (Keller Williams Realty Chesterfield) over 12 years ago


You're so right.  Thanks for commenting!


You could be the Charles Keralt of Active Rain!  What a great idea.


It is difficult, and many lenders won't touch them. 


I'll email you regarding sources for manufactured home mortgages.


Thanks for being the first to comment.  A lot of folks do pay cash.

Mike in Tucson

Posted by Mike Jones, Mike Jones NMLS 223495 (SUNSTREET MORTGAGE, LLC (BK-0907366, NMLS 145171) ) over 12 years ago

Mike.  The terminology in my area is different.  Mobile homes are financed like vehicles here.  The other term used is modular which is financed just like a stick built on a lot. 

If the mobile home is in a mobile home park, there's no land purchase involved.  If the mobile home is located on a fee simple lot, the value is in the land and none to the mobile home unless it's in some degree of "foundation firm" with plumbing, etc. 

From what I'm reading of your "manufactured home" is a home that is factory built, but would be located on a lot and would be financed as a fee simple property.  That shouldn't be hard to finance. 

The pure "mobile" home not on a fee simple lot is a vehicle and financed like a car. . . .  a big car.

Posted by Lenn Harley, Real Estate Broker - Virginia & Maryland (Lenn Harley, Homefinders.com, MD & VA Homes and Real Estate) over 12 years ago


A mobile home (manufactured home) is financed like a vehicle UNTIL a Deed of Affixture is filed with the county.  That makes it real estate. 

Modular homes are made in factories and delivered to the site for assembly.  Fannie and Freddie treat them the same as site built homes.  The difference between modular and manufactured is the steel chassis which becomes the joist system for the floor.  Modular never has that.  No wheels.

Mobile homes in mobile home parks are financed like vehicles if they rent the land.  If they own the park lot fee simple and have filed a Deed of Affixture, it's real estate, with all of the benefits of that designation.  Without that D/A, it's just what you say--a BIG car!

Mike in Tucson

Posted by Mike Jones, Mike Jones NMLS 223495 (SUNSTREET MORTGAGE, LLC (BK-0907366, NMLS 145171) ) over 12 years ago

thanks mike always

Posted by Tucson Real Estate Experts Anne McKechnie, Previews Property Specialist (Coldwell Banker Residential Brokerage) over 12 years ago

Many appraisers won't do manufactured or modular homes either.  I've heard many say "it's too difficult" or "it's too time consuming" and many just don't know how, especially if it is for an FHA.

Posted by David Hintz, AZAppraiser (Accurate Appraisals & Consulting of AZ) over 12 years ago


If you need assistance with Manufactured Home Foundation Certificates for a HUD or FHA loan you can contact me at ivcohome@yahoo.com

Michael Ivie



Posted by Michael Ivie, CPI (Ivco Inspection Service serving all of Habersham county) almost 12 years ago


Thanks for the offer.  I'll take you up on that.


Forgive me for taking so long to respond.  I'll see you on your blog.

Anne & Eddie,

You're welcome!

Mike in Tucson

Posted by Mike Jones, Mike Jones NMLS 223495 (SUNSTREET MORTGAGE, LLC (BK-0907366, NMLS 145171) ) almost 12 years ago

Hi Mike,

If you and your bloggers want a website that will give you extremely comprehensive and accurate information about the entire manufactured home industry as it relates to loans, foundation systems, manufactured vs modular, FHA forward and reverse mortgages, etc. feel free to log on to our website at www.onthelevelcontractors.com or call us at 800 909-1110. We can certify and/or install or retrofit foundation systems for mobile/manufactured homes nationwide and we've been doing it for over two decades.  We're also licensed contractors in California, Arizona, Oregon and Florida.

Joh DL Arendsen

CEO: ON THE LEVEL General Contractors

Posted by John over 11 years ago


Thanks for the link, and for the info!  Please email me through Active Rain with your contact information.

Mike in Tucson

Posted by Mike Jones, Mike Jones NMLS 223495 (SUNSTREET MORTGAGE, LLC (BK-0907366, NMLS 145171) ) over 11 years ago

Hi Mike,

Stumbled on this while researching for another AR post on earthquakes and mobile, manufactured and modular factory built homes. Albeit an old post that I even commented on. It really reinforces the staying power and dominance that AR has on the Internet. We should meet or at least talk sometime whether eyeball to eyeball, via phone or email. You undoubtedly have a lot of experience and info and I think we could help one another. One of our installation crews just returned from Tuscon yesterday. We are very active there so keep us in mind.

On another note I see you present quite a dominance and play a significant role with AR. With all the confusion and reluctance in the RE arena about the MH Industry I was thinking about starting an open online forum and/or webinar series regarding some of the nuances about our industry. Would you be interested in participating as a presenter? With you knowledge and understanding of our industry judging from what I've already read and ascertained you'd surly be an asset. I would like to add you as an associate

Posted by John DL Arendsen, Crest Backyard Homes "ADU" dealer & Contractor (CREST BACKYARD HOMES, ON THE LEVEL GENERAL & FACTORY BUILT HOME CONTRACTOR, TAG REAL ESTATE SALES & INVESTMENTS) about 11 years ago

Hi Mike,

You forgot "Wobbly Box"

I'm way late for this one but it just popped up on my radar again and I don't mind staying in touch so here goes anyway. 

Manufactured home today are built as good as any site built home. Actually they are even built better. The materials are clean, dried and straight. They are built in a climate controlled indoor environment under very strict HUD controlled inspection requirements. Something you never see with site built construction. 

Here's some reference material for you to peruse when you have some time.

Please feel free to log onto our Truliahttp://www.trulia.com/blog/onthelevelcontractors/ or Active Rain bloghttp://activerain.com/blogs/johnarendsen for more comprehensive information about the MH Industry. 

Or you can check our our website and give us a call or drop us an email. We are RE Brokers, Manufactured Home Dealers and licensed, bonded and insured General Contractors and have been actively engaged in the MH Industry statewide for almost 3 decades. 

We love to Network with other MH Professionals.

Posted by John DL Arendsen, Crest Backyard Homes "ADU" dealer & Contractor (CREST BACKYARD HOMES, ON THE LEVEL GENERAL & FACTORY BUILT HOME CONTRACTOR, TAG REAL ESTATE SALES & INVESTMENTS) over 9 years ago

Hello again Mike, I've been surfing through AR posts and questions about Manufactured Homes and ran across this old post once again. I'd like you to join our group: 


We welcome any contributions you may have about our industry

- See more at: http://activerain.com/blogsview/3371843/va-loans-for-manufactured-homes-a-reader-question#sthash.nGSoAagQ.dpuf

Posted by John DL Arendsen, Crest Backyard Homes "ADU" dealer & Contractor (CREST BACKYARD HOMES, ON THE LEVEL GENERAL & FACTORY BUILT HOME CONTRACTOR, TAG REAL ESTATE SALES & INVESTMENTS) over 6 years ago

This blog does not allow anonymous comments