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Washington Manufactured Home Loans

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Washington Manufactured Home lender

Thinking of purchasing a Washington manufactured home?  Capital Home Mortgage Washington is a premier manufactured home lender in Washington with a dedicated team to help you with Washington manufactured home loans!  Manufactured homes offer advantages over traditional housing but have significant differences that need to be understood to make the best decision.

The first step is to understand the different types of manufactured housing available and what type of financing is available for each type.  Each type of manufactured home is explained below, as well as, the difference of a Washington Mobile Home.  Whether you are looking at a traditional Washington Traditional Manufactured Home Financing or Washington Chattel Manufactured Financing we can make it happen.

Once you decide on what type of manufactured home meets your needs, then your have to decide if an existing manufactured home or a new build is the better option.  An existing manufactured home is typically move in ready, so no waiting, not to mention everything is done so the cost of acquisition could be less.  A new build on the other hand allows you to make the decisions on style, type, location, but does require time and setup which can add cost.  Either way, Capital Home Mortgage Washington has the knowledge to walk you through the process.  Call today (253) 528-4417 to speak with one of our Washington Manufactured Home Loan Specialist. 

Washington Manufactured Home Mortgage

Manufactured homes are prevalent in both rural and suburban areas of Washington State. They provide an accessible housing option for residents in areas where land is more readily available and less expensive compared to urban centers.

Washington State has regulations in place governing the construction, installation, and sale of manufactured homes. These regulations are designed to ensure the safety and quality of manufactured homes, as well as to protect consumers.

The resale market for manufactured homes in Washington varies depending on factors such as location, age, condition, and amenities. Some manufactured home communities may have active resale markets, while others may see less turnover.

Financing options for manufactured homes in Washington may differ from those available for traditional stick-built homes. Buyers may need to explore lenders who specialize in manufactured home loans.

Manufactured home communities and parks are common throughout Washington State.  These communities often offer amenities such as clubhouses, pools, and recreational facilities, catering to residents looking for a sense of community and affordability.

Given Washington’s commitment to environmental sustainability, there is increasing interest in eco-friendly manufactured homes that utilize energy-efficient features and sustainable materials.

Washington Manufactured Homes Explained
Washington Mobile homes
Before 1976, mobile homes were mass-produced in response to the desire for inexpensive, movable housing, but building criteria were not regulated.  Beginning in the early 1900s, people needed to relocate to wherever work was available to support their families, and thus the mobile house was born. The design of these earliest mobile homes resembled that of a modern camper or trailer, with an exposed trailer coupler and wheels that made the house easily moveable.  Typically, the residence was constructed on steel I-beams that ran end-to-end and could be installed on concrete blocks, wooden blocks, metal supports, or a concrete foundation at the chosen site.  Although the term “mobile home” is still popular outside the federal government, HUD guidelines established June 15, 1976 have classified all mobile, factory-built housing types as manufactured.  The department details the energy, wind, and snow requirements for this type of dwelling. Financing for true Mobile Homes is problematic due to their age and no construction guidelines.  In most cases cash is the only option for these purchases.

Washington Manufactured Homes today

Washington Manufactured Home

Washington Modular Home

Washington Barndominium Home

Washington Manufactured Home

Washington Manufactured Home Loans

A Manufactured Home is a residential structure built off-site in a factory setting, then transported to its permanent location and placed on a foundation.  Modern manufactured houses can be quite sophisticated in design and can offer amenities similar to site-built homes.  They can be single-wide, double-wide, or even larger, and they’re constructed using materials and techniques that meet stringent quality standards.  Manufactured Homes are built on steel chassis which offer a quicker construction and cost advantages.  A wide variety of Financing is offered for Manufactured Homes, but the individual options depend on the home itself as well as the placement.  If you are looking to purchase and place the home in mobile home park then a home only chattel loan is the loan required unless the park also conveys the land at which time you can look at other options.

Washington Modular Home

Washington Modular Home Loans

Modular Homes are a type of prefabricated construction where sections of the house, known as modules, are built  off-site in. a factory and then moved to the building site and assembled. Even though the modulars of the house were made ahead of time, the components, or modules, are put together during construction just like in a regular house.  In fact the primary distinction between manufactured and modular homes is that modular homes are built following all applicable state and local building requirements, while manufactured homes are constructed per the national HUD code.  Advantages of modular homes are: cost effectiveness, speed of construction, quality control, and customization.Financing for Modular Homes has the same options as manufactured homes with the exception of Chattel home only for park financing, as Modular Homes are not designed to be moved once completed and assembled.

Washington Barndominium Home

Washington Barndominium Home loans

Barndominium homes are a unique housing concept that combines elements of barns or agricultural buildings with those of a traditional home.  These structures often feature metal or steel frames, offering durability and a distinctive appearance.  Barndominiums typically incorporate open floor plans, high ceilings, and expansive spaces that allow for versatile interior designs.  They’ve gained popularity for their customizable nature, cost-effectiveness, and the ability to blend rustic aesthetics with modern living comforts.  Many homeowners find them appealing due to their potential for customization and often more affordable construction costs compared to conventional homes.  Would you like more specific information or details about barndominiums? Barndominium Financing follows traditional mortgage lending, but the loan must be supported by comparables for the local area.

Washington Existing Manufactured Home Loans

  • Purchase in a Planned Community
  • Purchase on Land / Acreage
  • Real Property or Chattel Ok
  • Variety of  Loan Programs to Choose From

Washington OTC Manufactured Home Loans

  • Purchase the Home and Land Together
  • Include the Utilities and Home Setup
  • Lock Rate at Contract
  • Variety of Loan Programs to Choose From

Washington Manufactured Home Financing

Manufactured Home Financing is separated into two categories:  Real Property and Chattel.  It’s important to understand the difference in real property verse chattel as this has an impact on the type of financing available and the resale ability of the home in the future.  Real property is when the home is titled and encumbered with the land.  This type of loan is eligible for all government financing and is a traditional mortgage with lower rates and lowers down payments.  Chattel means that the home is not considered real estate and is not tied to the land in any capacity.  This type of loan typically has a larger down payment, shorter terms and higher rates.  The other factors that determine what type of loan is required is the borrowers credit score, debt to income and down payment.

Washington Chattel Manufactured Home Financing

Washington True Home Only

Washington Land in Lieu

Washington Land Home

Washington Home Only

Washington Home Only Manufactured home Loans

This loan is for purchasing or refinancing a home only and can be used for a manufactured home.  The minimum credit score for the is loan is 550 with a minimum down payment of 20% of borrowers own funds.  The lowest down payment is 5% of borrowers own funds with a minimum credit score of 575.  The maximum loan term is 25 years.

Washington Land in Lieu

Washington Land in Lieu Manufactured Home Loans

This loan is for purchasing or refinancing a home on land that is owned free and clear.  It can be used for a manufactured or modular home.  The minimum credit score for the is loan is 550 with 20% down payment being land equity.  The equity required is only 10% with a 600 plus score.  The loan term is either 20, 25 or 30 years.

Washington Land Home

Washington Land Home Manufactured home loans

This loan is for purchasing or refinancing a home being on land that has a current lien or in combination with purchasing the land.  It can be used for both a manufactured and modular homes.  The minimum credit score for the is loan is 550 with the 20% down payment being either land equity or borrowers own funds.  The minimum down payment is 5% with a 575 or higher credit score.  The loan term is either 20, 25 or 30 years.

Washington TRaditional Manufactured Home Financing

Washington
FHA Home loans

Washington
VA Home Loans

Washington
USDA Home Loans

Washington
HUD 184 Home Loans

Washington
Conventional Loans

Washington fha Home loans

Washington Manufactured FHA Home Loan

This is a HUD loan and can be used for purchasing or refinancing an existing home or as a one time close construction loan for purchase a new home with existing or new land.   This loan requires the home to be real property and a has a maximum term of  30 years.  The minimum down payment is 3.5% with a 580 plus credit score, 10% down payment with a credit score 500-579.  The one time close construction (OTC) requires a minimum credit score of 620.

Washington va home loans

Washington Manufactured VA Home Loan

This is a Veterans Administration backed loan and can be used for purchasing or refinancing an existing home or as a one time close construction loan for purchase a new home with existing or new land.   This loan requires the home to be real property and a has a maximum term of  30 years.  This loan is 100% loan with no minimum down payment and a minimum credit score of 580.  The one time close construction (OTC) requires a minimum credit score of 620.

Washington usda Home loans

Washington Manufactured USDA Home Loan

This is a Department of Agriculture backed loan and can be used for purchasing of an existing home or as a one time close construction loan for purchase a new home with existing or new land.   This loan requires the home to be real property and a has a maximum term of  30 years.  This loan is 100% loan with no minimum down payment and a minimum credit score of 640. This loan is subject to income limits and geographical location.  Manufactured homes must be new.

Washington native american Home loans

Washington Manufactured Native American Home Loan

This is also a HUD loan and can be used for purchasing or refinancing an existing home or as a one time close construction loan for purchase a new home with existing or new land.   This loan requires the home to be real property and a has a maximum term of  30 years.  The minimum down payment is 2.25% and does not have a minimum credit score requirement, but does require one of the borrower to a registered Native American with a nationally recognized tribe.  The one time close construction (OTC) requires a minimum credit score of 620.

Washington Conventional Home Loans

Washington Manufactured Conventional Home Loan

This is Fannie Mae / Freddie Mac backed loan and can be used for purchasing or refinancing an existing home . The minimum down payment is typically 5% and the credit score for an existing home is 620.  For the OTC the loan requires the home to be real property and a has a maximum term of  30 years.  The minimum down payment is 5% and has a minimum credit score requirement of 700.

Why Washington HomeBuyers Are Choosing Capital Home Mortgage
Close On Time

Complete Control from Application to Funding

Low Rates & Low Fees

Direct Lender with Competitive Rates & Low Fees

Exceptional Service

7  Day a Week Support Application to Final Mortgage Payment

Washington Manufactured Mortgage Rates

Have you ever wondered why interests rates are what they are and what determines the final rate?  Why borrowers receive different interest rates? Or why rates go up and down?  Interest Rates are calculated using several factors.

  • Demand for mortgage Securities
  • Property securing the mortgage
  • occupancy of the property
  • Loan to value of the property
  • Borrower’s credit worthiness

washington Mortgage Company Reviews

Washington Mortgage Team

Dale Gremillion

Sr Loan Officer
NMLS #210325

Conor Hayhurst

Branch Manager
NMLS #743506

Sam Klaburner

Sr Loan Officer
NMLS #140132
Washington Mortgage Programs

Washington Home Purchase loans

Looking to Purchase a Washington Home?

Looking to Purchase a Home? We have the loan program for you… Call today to speak with a loan officer to discuss your personal mortgage options.
  • Primary, 2nd Home, Investment
  • Low Rates & Fees, No fee Options
  • FHA, VA, USDA, Native American
  • Conventional, Jumbo & Renovation
  • Manufactured, Construction, Reverse

Washington Renovation Home Loans

Looking to Rehab a Washington Home?

Want the Charm of an Older Neighborhood? But want a new place or a fresh look? Why not a renovation loan? Purchase the Perfect Home and make it your own.
  • Remodel, Renovate or Repairs
  • FHA 203K Streamline 
  • FHA Full Documentation Rehab
  • Fannie Mae Homestyle Reno
  • Freddie Mac Home Choice Reno

Washington FHA Home loans

Great 1st Time Washington Homebuyers

FHA Home Loans are great for first time home buyers, buyers with less than perfect credit, or buyers needing less out of pocket.   Call today to get started.
  • Smaller Down Payments
  • Flexible Underwriting Guidelines
  • Higher Debt to Income Allowed
  • Lower Credit Scores – Down to 500
  • Down Payment Gifts Allowed

Washington va Home Loans

100% Financing for Washington Vets

Proudly Serving Active Duty servicemen and women, as well as, retired and disabled veterans. Call today to speak with a VA loan officer.
  • No Mortgage Loan Limits
  • Simple Qualifying
  • Higher Debt to Income Allowed
  • Lower Credit Scores – Down to 500
  • Manual Underwriting Allowed

Washington Conventional Home loans

Flexibility for Washington Homebuyers

Conventional Home Loans are the best option for flexibility of property types and for mortgage loan terms. Call today to get speak to a loan officer.
  • Primary, 2nd Home, Investment Properties
  • Single and Multi-Family Properties
  • Variable Mortgage Insurance Options
  • Low Rates & a Variety of Mortgage Terms
  • Renovation Programs Available

Washington Jumbo Home Loans

Washington Non-Confirming Home Loans

Jumbo Home Loans also called Non Conforming Home Loans are great options for buyers needing financing outside of agency limits. Call today.
  • Primary & 2nd Homes
  • Variety of Mortgage Programs
  • Simple Qualifying for Veterans
  • Investor Specific Guidelines
  • Credit Score Minimums

Washington USDA Home loans

100% Rural Washington Home Loans

USDA Loans are a great option for families wanting to live outside of the city.  Call today to speak with a loan officer to discuss your personal loan options.
  • Primary Residences
  • No Down Payment Required
  • New Manufactured Homes Allowed
  • Closing Costs / Repairs Rolled In
  • Geographic and Income Limits Apply

Washington Native american Home Loans

Washington Hud 184 Home Loans

HUD 184 Home Loans are solely for Native American and offer a variety of benefits.  Call today to speak with a loan officer to find out more.
  • Primary Residence Only
  • Manual Underwriting for All Loans
  • No Credit Score Requirements
  • Tribal Grants Allowed
  • Purchase, Refinance, and Renovation

Washington Manufactured Home loans

Great Alternative Washington Housing

Manufactured Home Loans offer options to purchase an existing residence or build your dream home on your own land. Call today to speak to a Loan Officer.
  • Existing Purchase or Refinance
  • New Construction
  • One Time Close Land/Home Combo
  • Lock at Contract
  • FHA, VA, USDA, Native American

Washington Reverse Mortgage Loans

Your Washington Home at Work

Reverse Mortgage Loans offer seniors options to use their home’s equity for cash or to eliminate payments. Call today to get speak to a Reverse Loan Officer.
  • Primary Residence Only
  • Simple Qualifying – Equity Based
  • No Credit Score Requirements
  • Minimum Age 62
  • Purchase, Refinance, and Cash-Out

Washington Non QM Home loans

Making Washington Mortgages Possible

Looking for Non Traditional Home Mortgage Loan?  Contact a Loan Officer Today to discuss the alternative mortgage options currently available.
  • Purchase, Refinance & Cash-out
  • Primary, Secondary, Investment Properties
  • Full Doc Programs
  • Alt Doc Programs
  • Corporations OK

Washington One Time Close Home Loans

Build Your Washington Dream Home

Want to Build? But unsure of what the future looks like? Remove the risk with a One Time Close Construction Loan.  Call today to see how a OTC loan works.
  • Primary Residences Only
  • One Time Close
  • Lock Rate at Closing
  • Traditional Final Mortgages
  • No Payments During Construction

Washington Refinance Mortgage loans

Washington Rate & Term Refinance

Refinancing can be a hard decision and the payback can sometimes be confusing.  Call today and let our Loan Officers walk you through the process.
  • Lower Monthly Payment
  • Shorten Mortgage Term
  • Streamline Options Available
  • Appraisal Waivers Allowed
  • VA IRRRL’s

Washington Cashout Mortgage Loans

Washington Equity Mortgage Loans

Cash-Out Mortgage Loans make use of the equity in your home by allowing you to refinance the current mortgage and access this equity to use as you see fit.
  • Debt Consolidation
  • Investment Opportunities
  • Home Improvement
  • Dream Vacation
  • Higher Education

Washington Cities

Seattle Home Loans

Spokane Home Loans

Tacoma Home Loans

Vancouver Home Loans

Bellevue Home Loans

Kent Home Loans

Everett Home Loans

Renton Home Loans

Spokane Valley Home Loans

Kirkland Home Loans

Federal way Home Loans

Yakima Home Loans

Bellingham Home Loans

Auburn Home Loans

Kennewick Home Loans

Pasco Home Loans

Redmond Home Loans

Sammamish Home Loans

Marysville Home Loans

South Hill Home Loans

Lakewood Home Loans

Richland Home Loans

Shoreline Home Loans

Olympia Home Loans

Burien Home Loans

Lacey Home Loans

Bothell Home Loans

Bremerton Home Loans

Puyallup Home Loans

Edmonds Home Loans

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