MH ADvantage® Mortgages for Manufactured Homes

Finding an affordable home is challenging when supply is low, prices are high, or available properties need renovations. Manufactured homes are an option that offers major cost savings over site-built homes. There are many attractive and modern models built to high standards with today’s most desirable amenities. The only difference is that they’re built in efficient, state-of-the-art factory facilities.

What is MH Advantage?

MH Advantage is a mortgage loan for manufactured homes with features typical of traditional single-family site-built homes. This program offers 30-year fixed-rate financing with benefits that exceed standard loans for factory-built homes. When you buy an eligible home, you’ll get:

Quality and Style

Homes that include attractive amenities like upgraded kitchens and bathrooms, attached garages, energy-efficient appliances, and architectural features that seamlessly match site-built counterparts and blend into traditional neighborhoods.

Affordability

MH Advantage offers down payments as low as 3%, interest rates lower than most traditional manufactured home loans, and cancellable mortgage insurance once you reach 20% equity in the home.

Homeownership Advantages

With MH Advantage financing, you benefit from the financial perks of homeownership, like the potential for tax benefits and building equity. This could mean more money in your pocket during tax time or if you decide to sell!

Get a Low Down Payment For Your Manufactured Home

Finding a manufactured home that fits your budget is easier than ever with MH Advantage financing. Available through most lenders, MH Advantage works similarly to mortgages for site-built homes. In other words, you own both the land and the home. This makes building equity over time a possibility!

*Compared to other manufactured home loans
**Once you reach 20% equity

A down payment as low as 3%

Traditional 30-year financing

Lower interest rates*

Cancellable mortgage insurance**

 

MH Advantage Home Floor Plans

ManufacturedModularMH Advantage

Classic Series DW / Ace 1008-62-3-32

Built by: Franklin Homes
3
2
1740 ft²
32'0" x 62'0"
Ace 1008-62-3-32
ManufacturedModularMH Advantage

Manor Series / Nandina I 5039-78-3-47

Built by: Franklin Homes
3
2
2227 ft²
45'0" x 58'0"
Nandina I 5039-78-3-47
ManufacturedMH Advantage

Classic Series DW / Andrew 1015-80-4-32

Built by: Franklin Homes
4
2
2280 ft²
30'0" x 76'0"
Andrew 1015-80-4-32
ManufacturedModularMH Advantage

Essentials Series / The Brantley 621-68-3-32

Built by: Franklin Homes
3
2
1920 ft²
32'0" x 64'0"
The Brantley 621-68-3-32
ManufacturedModularMH Advantage

Essentials Series / The Kyleigh 622-80-4-32

Built by: Franklin Homes
4
2
2280 ft²
32'0" x 76'0"
The Kyleigh 622-80-4-32
ManufacturedModularMH Advantage

Manor Series / Azalea I 5078-64-3-47

Built by: Franklin Homes
3
2
2136 ft²
45'0" x 60'0"
Azalea I 5078-64-3-47
ManufacturedMH Advantage

KB 32' Platinum Doubles / The Tiger Cat KB-3245

Built by: Kabco Builders Inc.
4
2
2340 ft²
32'0" x 82'0"
The Tiger Cat KB-3245
ManufacturedMH Advantage

Classic Series DW / Ellistown 5033-54-3-32

Built by: Franklin Homes
3
2
1427 ft²
30'0" x 50'0"
Ellistown 5033-54-3-32
ManufacturedModularMH Advantage

Essentials Series / Yellowstone 624-84-4-32

Built by: Franklin Homes
4
2
2400 ft²
30'0" x 80'0"
Yellowstone 624-84-4-32
ManufacturedModularMH Advantage

Classic Series DW / Woodland 5071-84-4-32

Built by: Franklin Homes
4
3
2400 ft²
30'0" x 80'0"
Woodland 5071-84-4-32
ManufacturedModularMH Advantage

Classic Series DW / Alexander 5110-76-3-32

Built by: Franklin Homes
3
2
2160 ft²
30'0" x 72'0"
Alexander 5110-76-3-32
ManufacturedModularMH Advantage

Classic Series DW / Adams 5080-68-3-32

Built by: Franklin Homes
3
2
1920 ft²
30'0" x 64'0"
Adams 5080-68-3-32
PLEASE NOTE:

All sizes and dimensions are nominal or based on approximate builder measurements. Spartan Homes reserves the right to make changes due to any changes in material, color, specifications, and features anytime without notice or obligation.