How paying for a factory-built home actually works.

Village Homes is not a lender. We don't provide, arrange, or broker financing. This page is plain-English information to help you understand your options. After 25+ years around these homes, we're glad to walk you through how it works and point you toward lenders who specialize in them. Always confirm the details with a licensed lender.

Inside a Village Homes model home — Financing a factory-built home is often simpler than people expect. We'll help you understand your options and point you toward a lender who specializes in them.

The short version

Two paths, depending on what you're buying.

Buying a modular home

It's treated like a site-built home. On land you own or are buying, the same loans apply: conventional, FHA, VA, or USDA mortgages, exactly like any other house on a foundation.

Buying a manufactured home

Which loans fit depends on the land:

You own the land. A manufactured-home land-and-home loan, usually through specialty lenders.
Park or leased land. A chattel loan, where the home is the collateral and the land isn't.
FHA Title I or Title II. Government-backed manufactured-home loans with lower down payments.

There's no single right answer; it comes down to your credit, your down payment, and what you're buying. Stop in and we'll walk you through how it works, no pressure and no sales pitch.

Where to look

Lenders we can point you toward.

We're not paid to refer you and we don't take a cut. These are simply lenders who understand factory-built homes. Who you borrow from is always your call.

Manufactured-home lenders

Specialty manufactured-home loans, land-and-home, and chattel.

Ask our team for the current list of specialty lenders serving northern Minnesota.

Modular & mortgage lenders

Conventional, FHA, VA, and USDA mortgages for modular.

We can share current local and regional contacts based on your home and land plans.

Local credit unions

Local credit union options for buyers with land equity.

Programs change over time; ask us which local credit unions are currently a fit.

Not sure where to start?

Tell us your situation, we'll point you the right way.

Share a few details and we'll send back some general, no-pressure guidance: which kinds of loans tend to fit a situation like yours, and which specialist lenders are worth a call. To be clear, we're not a lender, we don't pull credit, we don't pre-qualify anyone, and nothing reaches a lender without your say-so.