Manufactured Home Loans for Veterans

Looking into buying a manufactured (mobile) home? Here are some answers to some of the questions you may have.

1. What is a VA-Guaranteed Manufactured Home Loan?

Because manufactured home loans are made by private lenders, the guarantee means that the VA will protect the lender against any loss, whether it be a late payment or failure to repay the loan.

2. What amount will I be guaranteed for?

The amount the VA will guarantee is 40% of the loan amount or the veteran's available entitlement. A maximum of $20,000 can be guaranteed. The amount is not the same as the amount a veteran can borrow.

3. What is the Maximum Amount a Veteran can Borrow?

The maximum loan amount for a new manufactured is the lesser of the following:

  • 95% of the purchase price of the property securing the loan, plus the VA funding fee
  • Determination of the manufacturer's invoice cost, plus/minus the cost of any items added/removed by the dealer, plus certain other costs (up to a specific max), plus the VA funding fee
  • The max loan amount for a used manufactured home or a lot and/or necessary site perpetration is determined by appraisal.
  • Additional information on max loan amounts may be obtained from the nearest VA regional office or center.


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4. Who is eligible for a Manufactured Home Loan?

All veterans with sufficient qualifying service subsequent to September 15, 1940 including:

  • Service in the Selective Reserve
  • Active duty personnel who have served continuously for at least 90 days

5. How is my eligibility determined?

Veterans can request a Certificate of Eligibility from the nearest VA regional office or get one online. This request needs to accompany:

  • Discharge Papers
  • Separation Papers OR
  • Evidence of current active duty status

6. What are the Requirements for Loan Approval?

  1. You must be eligible and have a home loan entitlement.
  2. The loan must be for an eligible purpose.
  3. You must live in or plan to live in the property for a reasonable period of time after the loan is paid off.
  4. Have a good credit record.
  5. You must have adequate income to:
    • Meet the payments of the loan
    • Cover the coasts of owning a home
    • Take care of other obligations and expenses
    • Support your family with left over income

Back to the Veterans' Loan Handbook Table of Contents.



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