Todays home buyers have a number of financing opportunities.

Conventional Financing for New Manufactured Homes

In the U.S. Freddie Mac is working to help educate potential homebuyers about the realities of today’s manufactured homes. Though some borrowers may have dismissed them in the past, many are finding that second look worthwhile. That’s because there’s a new generation of manufactured housing that might just be the best option for first-time homebuyers, millennials, and empty-nesters looking to downsize. Freddie Mac is a strong supporter of manufactured home financing; it's an important part of their mission to increase access to mortgage credit across the country for more affordable housing.

Cove Communities home sales experts are here to work with home buyers to find financing options that fit their needs.

In Canada banks also see value of manufactured home financing.

You can find out if you qualify for financing without impacting your credit score! Just give any of our community managers in Alberta or Saskatchewan a call and we'll tell you how.

The bank requirements are below.

  • Little as a 5% down payment
  • 3.44% starting rate over 25 years
  • 42% Debt to Income Ratio
  • 600 or higher credit score

Home Financing Examples: New Home

  • Starting at $100,000*
  • Down payment: $5,000*
  • Mortgage + site rent: $1,281.28 a month

Home Financing Examples: Pre-Owned Home

  • Starting at $25,000*
  • Down payment: $1,325*
  • Mortgage + site rent: $957.28 a month