CalHFA Increases Access to Manufactured Home Loans


New guidelines encourage safe, affordable loans for manufactured homes.

SACRAMENTO, CA  – (RealEstateRama) — The California Housing Finance Agency has released new guidelines for lending on manufactured homes that will increase access to housing for low- and moderate-income homebuyers who use a CalHFA mortgage insured by the Federal Housing Administration.

These new guidelines for lending make it just as easy to use a CalHFA first mortgage for the purchase of a manufactured home on a permanent foundation (real estate) as it is to buy a traditional stick-built house.

“Manufactured homes play an important role in affordable housing for California,” said Tia Boatman Patterson, CalHFA’s Executive Director. “The more of these incremental steps we can take, the faster we’ll be on our way to addressing the housing shortage in our state.”

CalHFA’s manufactured home guidelines now conform to those for traditional homes using FHA financing; the same FHA loan products and maximum loan-to-value are now available for both types of housing.

“We think it’s important that Californians have the opportunity to live in the home that best fits their lifestyle,” continued Patterson. “Whether they choose manufactured homes, traditional homes with or without an accessory dwelling unit, condominiums, or apartments, we think everybody deserves a safe place to call home.”

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The California Housing Finance Agency was created in 1975 with the goal of helping more Californians find a place to call home. CalHFA’s Single Family Lending Division has invested more than $21 billion to help more than 163,000 families buy their first home with a mortgage they can afford. CalHFA is a self-supported state agency that doesn’t rely on taxpayer dollars. For more information on CalHFA programs, and how we are creating progressive financing solutions for affordable housing in California, visit or call toll free at 877.9.CalHFA (877.922.5432).

Contact: " target="_blank">Eric Johnson
Phone: 916.326.8601
Fax: 916.322.2345

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