FHA Loans

A great loan for borrowers who may not qualify for traditional loans or who have less cash on hand or more challenged credit.

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What is an FHA Loan?

FHA loans have been helping people become homeowners since 1934. The Federal Housing Administration (FHA), which is part of HUD, insures the your loan so the lender can offer more favorable loan terms. FHA usually have lower down payment requirements, and easier credit requirements than conventional loans. They allow the seller to contribute most, or all of the buyers closing costs. FHA loans are usually the best fit for first time home buyers for these reasons. Additionally, part, or all of the down payment can be gifted from a relative. FHA allows several types of properties and offers programs for Manufactured and Modular homes.
FHA does limit the loan size by County. To find out the maximum loan size in your area, go to: https://entp.hud.gov/idapp/html/hicostlook.cfm. HUD also maintains a great library of FHA reference materials. For more information go to: http://portal.hud.gov/hudportal/HUD?src=/library/.

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We Are CountryPlace Mortgage

CountryPlace Mortgage is the nation's premier lender for manufactured, modular, and mobile homes. We offer a one-time close construction loan for new homes. We make financing or refinancing your home simple and easy. If you own a manufactured or mobile home, or are thinking about purchasing a new or existing home, Countryplace Mortgage should be your lender of choice. We can finance your manufactured or mobile home whether it's tied to the land or in a mobile home park.

Founded in 1995, Countryplace Mortgage is a direct lender with both Fannie Mae and FHA. That means that we can offer you the most competitive rates, with down payments as low as 3.5%. When financing a manufactured, mobile, or modular home, it is important that you are working with a mortgage professional that understands these unique properties. Whether it's a chattel (home-only), land/home package, or construction loan we have the expertise to help you navigate today's challenging mortgage process. Many of our Loan Officers have several years experience originating manufactured and mobile home loans.