Looking to purchase a previously occupied or used manufactured home? We have great news! Affordable home financing in Colorado is more important than ever and with low inventories and high demand, purchasing a home has been challenging as of late. Thankfully, the USDA’s pilot program on purchases of used/previously occupied manufactured homes could not have come at a better time.
USDA’s 502 pilot mortgage program was created to help those in rural areas obtain affordable financing for purchasing used or previously occupied manufactured homes.
Several conditions apply with the USDA 502 Pilot Program:
- The unit must be located on land that will be owned or will be moved to land that will be owned by the applicant.
- The unit must be on a permanent foundation or be moved onto a permanent foundation.
- The unit must be 400 square feet or larger.
- The unit must have been constructed after January 1, 2006.
For more information on this program, or any other USDA program please contact me at your earliest convenience.