Non-Conforming Land Owned Manufactured Home Loans
Non-Conforming Manufactured Home Loans
California Specialty Financing for Homes Conventional Loans Can’t Touch
Many manufactured and mobile homes in California don’t fit conventional, FHA, VA, or agency lending rules—especially older homes or those on land that don’t meet strict foundation or placement guidelines.
At Compadre Mortgage, we offer specialty non-conforming loan options for select manufactured and mobile homes that are otherwise considered “cash only.”
When Conventional Financing Doesn’t Work
Conventional and government loan programs follow strict rules set by the U.S. Department of Housing and Urban Development (HUD). These rules generally require that a manufactured home:
Be built after June 15, 1976 (HUD Code)
Remain at its original delivery location
Be installed on an engineered permanent foundation
Fannie Mae, Freddie Mac, FHA, and VA follow these rules without exception.
As a result, many California manufactured homes—despite being well cared for, remodeled, and located on valuable land—are excluded from traditional financing.
A Financing Option for “Cash-Only” Homes
Our non-conforming portfolio loan program was designed specifically for manufactured and mobile homes that fall outside agency guidelines, including:
Homes that have been moved from their original location
Homes not on a permanent foundation on private land
Manufactured homes in approved condominium communities or planned unit developments (PUDs)
Certain Pre-HUD homes located in approved communities
These loans are available for land-owned properties and select homeowner association communities in California.
Purchase, Refinance, or Remodel
Eligible borrowers may use this program to:
Purchase a non-conforming manufactured home
Refinance an existing loan
Access funds to remodel or improve the home
Each property is reviewed individually, with separate property underwriting to determine eligibility.
Expanded Financing for Relocated HUD Code manufactured homes (buil after June 1976) that were previously located in a mobile home park or on another parcel may now qualify for financing after relocation to private land.
Highlights may include:
Loan terms up to 20 years
Financing up to 95% loan-to-value
Conversion to real property designation at closing
Urban and rural locations considered
Comparable sales required for appraisal
A 433 filing is preferred where applicable.
Frequently Asked Questions
Who This Program Helps Most
This program is especially helpul for:
Sellers with listings labeled “cash only”
Buyers purchasing unique or older manufactured homes
Agents working with properties FHA or VA declined
Homeowners with land-owned manufactured homes that don’t meet agency guidelines
Complimentary Property Evaluation
Every property is different. We offer a complimentary initial evaluation to determine whether a non-conforming loan may be possible. Additional research may be required.