Veterans Housing_Manufactured Home Loans

To assist veterans, servicepersons, and certain unmarried surviving spouses of veterans in obtaining credit for the purchase of a manufactured home on more liberal terms than are available to non-veterans.

Agency - Department of Veterans Affairs

The Department of Veterans Affairs strives for excellence in patient care and veteran's benefits for its constituents through high quality, prompt and seamless service to United States veterans.

Office - See Veterans Benefits Administration field office listed in Appendix IV of the Catalog.
Website Address

Program Accomplishments

In fiscal year 2007 and 2008, no manufactured home loans were guaranteed. In fiscal year 2009, no loans are expected.

Uses and Use Restrictions

VA may guarantee a lender against loss on a loan made to an eligible applicant to buy a new or used manufactured home and/or to buy or improve a lot for placement of a manufactured home, or to refinance an existing VA guaranteed or insured loan previously obtained on the same manufactured home and/or lot which the veteran or the veteran's surviving spouse (if such surviving spouse was an obligor under such existing loan) owns and occupies, to obtain a lower rate of interest; or to refinance an existing manufactured home loan to acquire a lot on which such manufactured home is or will be placed.

Restrictions on guaranteed VA manufactured home loans are: (a) the terms of repayment must bear a proper relationship to applicant's present and anticipated income and expenses and the applicant must be a satisfactory credit risk; (b) the applicant must certify that he or she intends to occupy the property as his or her home; previous occupancy is acceptable for loans to refinance existing VA-guaranteed loans to a lower interest rate; (c) the manufactured home must contain living facilities for year round occupancy; (d) used manufactured homes must meet construction and acceptability standards.

There are limitations on the term of a loan, depending on the purpose.

The maximum term is 20 years and 32 days for a single-wide manufactured home or a combination single-wide manufactured home and lot, 23 years and 32 days for a double-wide manufactured home, 25 years and 32 days for a double-wide unit and lot, and 15 years and 32 days for a lot only on which a manufactured home already owned by the applicant will be placed.

The loan amount may not exceed an amount equal to 95 percent of the purchase price of the property securing the loan.

Eligibility Requirements

Applicant Eligibility

(a) Veterans who served on active duty on or after September 16, 1940, and were discharged or released under conditions other than dishonorable.

Veterans who served any time during World War II, the Korean Conflict, the Vietnam-era, or the Persian Gulf War must have served on active duty 90 days or more; veterans with peacetime service only must have served a minimum of 181 days continuous active duty.

All veterans separated from enlisted service which began after September 7, 1980, or service as an officer which began after October 16, 1981, must also have served at least 24 months of continuous active duty or the full period for which the person was called or ordered to active duty.

Veterans of such recent service may qualify with less service time if they have a compensable service-connected disability or were discharged after at least 181 days (90 days during Persian Gulf War) under the authority of 10 U.S.C.

1171 or 1173; (b) any veteran in the above classes with less service but discharged with a service-connected disability; (c) individuals may also be eligible if they were released from active duty due to an involuntary reduction in force, certain medical conditions, or in some instances, for the convenience of the Government; (d) unmarried surviving spouses of otherwise eligible veterans who died in service or whose deaths were attributable to service-connected disabilities; (e) service personnel who have served at least 181 days on continuous active duty status (90 days until the ending date for the Persian Gulf War has been set); (f) the spouse of any member of the Armed Forces serving on active duty who is listed as missing in action, or as a prisoner of war, and has been so listed for a total of more than 90 days; (g) members of the Selected Reserve who are not otherwise eligible for home loan benefits and who have completed a total of six (6) years in the Selected Reserves, followed by an honorable discharge, placement on the retired list, or continued service.

Individuals who completed less than 6 years may be eligible if discharged for a service-connected disability.

Eligibility for Selected Reservists expires September 30, 2009.

Applicants must have sufficient present and prospective income to meet loan repayment terms and have a satisfactory credit record.

Beneficiary Eligibility

Veterans, servicepersons, and certain unmarried surviving spouses of veterans.


Evidence of the veteran's service or certificate of eligibility for loan benefits issued by the Department of Veterans Affairs. Loan applications submitted by lenders must be accompanied by verification of income of the applicant and a credit report.

Aplication and Award Process

Preapplication Coordination


This program is excluded from coverage under E.O.


Application Procedures

Eligible veterans should: (a) obtain a Certificate of Eligibility from the VA Eligibility Center, (b) present it with the housing proposal to a private lender willing to make the loan. Application for guaranty is made by the lender to the VA Regional Loan Center having jurisdiction over the locality in which the manufactured home is to be placed.

Award Procedures

The processing VA office will issue the lender evidence of its guaranty after requirements are met and proceeds are disbursed.




38 U.S.C. 3712.

Range of Approval/Disapproval Time

From one to five days after receipt of loan application in VA.


Denial of eligibility is appealable through Board of Veterans' Appeals. In the event of a denial, claimants are advised of appeal rights and procedures at the time of notification.



Assistance Considerations

Formula and Matching Requirements

The guaranty is $20,000 or 40 percent of the loan amount, whichever is less.

Length and Time Phasing of Assistance

Not applicable.

Post Assistance Requirements


As a condition of continued guaranty coverage, the holder of the loan must notify the guaranteeing VA office of the borrower's default on installment payments or other contract terms, and of any substantive changes in the terms of the contract or the guaranty.

Reporting time limitations are specified in VA regulations.


VA has the right to audit loan accounting records until expiration of the guaranty.


Until VA ceases to be liable as the guarantor of a loan, the lender or loan holder must maintain adequate records on the amount and dates of payments received and disbursements made on guaranteed loans.

Financial Information

Account Identification



(Guaranteed Loans) FY 07 $0; FY 08 est $0; and FY 09 est $0.

Range and Average of Financial Assistance

The guaranty is $20,000 or 40 percent of the loan amount, whichever is less.

Regulations, Guidelines, and Literature

38 CFR 36.4200; VA Pamphlet 26-71-1, "Questions and Answers on Manufactured Home Loans to Veterans."

Information Contacts

Regional or Local Office

See Veterans Benefits Administration field office listed in Appendix IV of the Catalog.

Headquarters Office

Department of Veterans Affairs, Washington, DC 20420. Telephone: (202) 461-9511.

Criteria for Selecting Proposals

Not applicable.

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