Originally Posted by avalanche

Anyone who tells you they are the same thing is on crack! They are different in every form ranging from available loans, to insurance, to resale potential.

Been in real estate for over 10 years as a broker, banker, hard money lender and about 4-5 years ago manufactured homes, in regards to financing, got a lot harder, as in almost impossible to do as almost every lender either pulled them from their allowable property types or cut the max ltv down to 65-70%. Fannie, Freddie, and FHA still do them with a very low LTV.

When a customer tells you he has a manufactured home the deal is almost always dead or going to be a nightmare due to the higher credit restrictions, tighter LTV guidelines, etc.

I wouldn't push a manufactured home on my worst enemy... ok, that's a stretch, but it's bad!

There are types of manufactured homes that the sellers pitch as the same as an SFR, but you need to be concerned with what the bank, city and appraiser will call it, not the builder.