Financing
You do not need to be a loan expert to buy a home. Here is how financing works for new manufactured homes in South Carolina, what programs may be available, and what to have ready.
Step one
The biggest factor in your loan is whether the land is part of the deal and whether the home will sit on a permanent foundation.
Also called a personal property or chattel loan
The home and land are financed together as real estate
Step two
Every buyer is different. A lender will confirm which programs fit your credit, income and property.
Government insured
Flexible credit guidelines and down payments as low as 3.5% for qualified buyers on land and home loans. FHA also has a program for home-only loans.
For veterans and service members
Eligible veterans and service members may buy with no down payment when the home is on a permanent foundation with the land.
For eligible rural areas
Much of rural South Carolina qualifies. Eligible buyers may finance a new home and land with no down payment, subject to income limits.
Fannie Mae and Freddie Mac
Qualifying homes, including many CrossMod homes, may be eligible for conventional programs designed for site-built style manufactured homes.
Be ready
Having these ready can shave days or weeks off your approval.
How it works
We learn your budget, land situation and must-haves.
We connect you with independent lenders who finance manufactured homes.
You choose the floor plan and we price delivery, setup and site work.
Your home is built, delivered and set up, then you get the keys.
Tell us about your plans and we will point you to the right loan path.
Angel Oak Homes is a manufactured home retailer, not a lender. Financing is provided by independent third-party lenders and is subject to credit approval and program guidelines.
