Manufactured Home Financing

Manufactured Home Financing Made Easy

Getting a home loan that works for you is an essential step in purchasing a new manufactured home or modular home. However, sometimes options can seem limited when it comes to factory-built housing, and the fine print can often be confusing. At Centennial Homes, we can help you make sense of everything. We can help find the right loan for your family’s unique financial situation, and ensure that the financing portion of the home buying process doesn’t delay your move in or create any additional frustration. Our number one goal is to get you a great deal on a quality home you’ll love.

Centennial Homes offers our customers many financing options and resources, because we understand that every situation is a little different. We’ve worked hard to build strong relationships with respected lenders, and we’ll work with them to find that loan that’s best for you. You can get pre-qualified for a manufactured or modular home loan today simply by filling out the short form below. We look forward to working with you!

Conventional Mortgages

Also known as land/home loans, Conventional Mortgages offer homebuyers many advantages in exchange for the purchase of a manufactured home and land together. This type of loan offers you a convenient front-end, one-time close, and you may finance site improvements into your loan. With the option to pay no monthly Private Mortgage Insurance (PMI), and the opportunity to buy down your interest rate, Conventional Mortgages often boast lower monthly payments. You may also qualify for longer loan terms, and if you’re refinancing, closing costs and points can be financed into your loan. This enables you and your family to save even more of your hard-earned money.

FHA & VA Mortgages

If you’ve had credit challenges in the past, but currently have the ability to repay a mortgage, then FHA manufactured and modular home loans present an excellent opportunity for you. In many cases, these loans have lower credit score and down payment requirements than conventional loans. This means that past credit challenges, or a lack of established credit, will not automatically disqualify you from obtaining one. The VA offers manufactured and modular home loans to active duty military, veterans, and their spouses. As with FHA loans, VA home loans have lower credit requirements, but they also offer eligible homebuyers significant additional benefits. You may be able to purchase your new home with no down payment at all, you won’t need to make monthly PMI payments, and the home appraiser is selected independently by the VA, meaning the lender has little or no control over the appraisal process.

Flexible Financing Options

At Centennial Homes, we’re dedicated to your success, no matter what your situation happens to be. We’re well versed in flexible options for financing manufactured and modular homes, and whatever your situation may be, we’re committed to getting you the help you need. If you’re self-employed, an independent contractor, or work at a cash-based or tip-based job, an Alternate Income program may enable you to finance your new modular or manufactured home in a way that works for you. If you have limited credit, a home loan co-signed by a family member can help you acquire financing and build your credit, with no minimum credit score required to qualify. Pre-qualifying for a modular or manufactured home loan is a quick and easy way to start your journey, and it’s as simple as filling out the form below!

Get Pre-Qualified For a Manufactured Home Loan

Just fill out the form below and our qualified finance specialists will be happy to help you along the path to home ownership.

COVID-19 Response Plan

Centennial Homes, for the protection of our customers, employees, and communities we serve, will continue to monitor the latest news about the COVID-19 coronavirus. We are taking the appropriate steps and preventative measures as outlined by the Centers for Disease Control (CDC) and other health organizations. Some of these measures include, but are not limited to: an increase in disinfecting contact surfaces, eliminating all non-essential travel for staff, limiting meetings, trainings, and large groups of people congregating for any function, and utilizing social distancing as much as possible. We are monitoring anyone for illness and are asking them to remain at home or get tested as needed.  We have also encouraged our employees to take similar measures in their personal lives where warranted.

Our commitment is to maintain these protocols and follow the recommendations of the CDC for as long as is needed. We continually evaluate the information on the virus and will act and make changes accordingly. The current nature of how we operate allows us to remain open for business while following the recommended guidelines. We also are available online at, by phone, or Google search for a Centennial Homes nearest to you.

For current customers, any staff that enters your home to do work will be masked, wear gloves, and will clean and disinfect their work areas, just as precautions. If you happen to be ill and we are scheduled to come to your house, we ask you simply let us know and we will reschedule the work for a future date.

We will focus our decisions on how best to meet our customers’ expectations while ensuring our team member’s safety. We appreciate your understanding of the measures we are currently taking and any we may take in the future as this situation evolves daily.

Thank you,
Chad Evans
President Centennial Homes