Manufactured homes are an excellent choice for affordable, flexible living. But when a home has been moved more than once—commonly referred to as a “twice-moved” home—it can create unique challenges, especially when it comes to financing.
If you’re buying or refinancing a twice-moved manufactured home, here’s what you need to know to navigate the process successfully.
What Does “Twice-Moved” Mean?
A manufactured home is considered “twice-moved” if it has been relocated from its original site to a second site. This could be due to a resale, a land change, or the relocation of an entire manufactured home community. It’s more common than most people realize—but it can affect your ability to get financing.
Why Lenders Care About It
Traditional mortgage investors like Fannie Mae and Freddie Mac require that a manufactured home be installed on its original, first permanent site to qualify for financing. When a home has been moved more than once, some lenders view it as a potential risk. Concerns may include structural integrity, transportation damage, or improper installation.
What About FHA and VA Loans?
- FHA Loans: Typically, FHA does not allow financing for twice-moved manufactured homes, making these loans off-limits in many cases.
- VA Loans: Good news for eligible buyers—VA loans do allow financing for twice-moved homes. However, the home must meet all standard VA requirements, including:
- Being on a permanent foundation
- Having a retired or retiring title
- Passing all relevant inspections
- Being on a permanent foundation
Financing Requirements for Twice-Moved Homes
If you’re planning to finance a twice-moved manufactured home on land, here’s what most lenders will look for:
- Minimum 5% down payment
- Title must be retired (or able to be retired) prior to closing
- Permanent foundation in compliance with local and state codes
- No mortgage insurance required, regardless of the down payment
- Loan terms up to 30 years
- Loans typically offered through VA or specialized portfolio lenders
These types of loans aren’t available everywhere, but they are possible through lenders who understand manufactured housing.
What Lenders Will Evaluate
Every lender is different, but here are common factors they’ll review before approving a loan on a twice-moved manufactured home:
- Condition and type of the current foundation
- Installation quality and inspection reports
- Local and state code compliance
- Age and condition of the home
- Borrower credit, income, and financial stability
Documentation Makes All the Difference
To give yourself the best shot at approval, have your paperwork ready. You’ll likely need:
- Relocation permits and move dates
- Foundation certifications and inspections
- Installation reports
- Title history, showing previous moves and ownership
Lenders want reassurance that the home was properly relocated and meets all current requirements.
Final Thoughts: It’s Possible!
Financing a twice-moved manufactured home may require some extra work—but it’s absolutely achievable. The key is working with a lender who understands the unique guidelines for manufactured housing and has experience with nontraditional scenarios.
If you’re looking to finance a twice-moved home, connect with a loan officer who specializes in these types of properties. They’ll help you find the right loan, meet the documentation requirements, and make the process as smooth as possible.
Ready to take the next step?
Reach out today and let’s explore your financing options.
