First Time Homebuyers Advantages

One of the biggest obstacles for first time homebuyer is having enough cash for the down payment and closing costs. Manufactured homes only require 5% down payment, and since the purchase price is lower than other homes, that means less money required in the bank. For example a $200,000 manufactured home purchase price only requires $10,000 for the down payment. Compare that to 3% on a $750,000 traditional home purchase requiring $22,500

Another advantage of manufactured home financing is the ability to roll most of the closing costs into the loan. This allows a buyer to finance the closing costs, once again requiring less cash.

Finally a traditional mortgage will require mortgage insurance(MI) if the buyer puts less than 20% down payment. Sometimes this MI is bundled into the interest rate, but it is there for conventional loans.
Manufactured home loans do not require mortgage insurance and thus no separate underwriting and additional costs.