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

ManufacturedMH Advantage

Dynasty Series / The Sumner II

Built by: Cavalier Homes
4
2
1980 ft²
32'0" x 64'0"
The Sumner II 74DYN32664CH
ManufacturedModularMH Advantage

Manor Series / Lilly I 5063-68-3-44

Built by: Franklin Homes
3
2
2394 ft²
42'0" x 64'0"
Lilly I 5063-68-3-44
ManufacturedModularMH Advantage

Cottage Series / Walton 8014-72-3-32

Built by: Franklin Homes
3
2
2040 ft²
30'0" x 68'0"
Walton 8014-72-3-32
ManufacturedModularMH Advantage

Farmhouse Series / Bradford 5119-72-3-32

Built by: Franklin Homes
3
2
2040 ft²
30'0" x 68'0"
Bradford 5119-72-3-32
ManufacturedModularMH Advantage

Cottage Series / Tidewater 8030-58-2-26

Built by: Franklin Homes
2
2
1296 ft²
24'0" x 54'0"
Tidewater 8030-58-2-26
ManufacturedModularMH Advantage

Cottage Series / Tidewater 8020-58-2-30

Built by: Franklin Homes
2
2
1475 ft²
27'4" x 54'0"
Tidewater 8020-58-2-30 II
ManufacturedModularMH Advantage

Cottage Series / Prairie 8030-58-2-26

Built by: Franklin Homes
2
2
1296 ft²
24'0" x 54'0"
Prairie 8030-58-2-26
ManufacturedModularMH Advantage

Cottage Series / Prairie 8020-58-2-30

Built by: Franklin Homes
2
2
1475 ft²
27'4" x 54'0"
Prairie 8020-58-2-30
ManufacturedModularMH Advantage

Cottage Series / Ivy 8030-58-2-26

Built by: Franklin Homes
2
2
1296 ft²
24'0" x 54'0"
Ivy 8030-58-2-26
ManufacturedModularMH Advantage

Cottage Series / Ivy 8020-58-2-30

Built by: Franklin Homes
2
2
1475 ft²
27'4" x 54'0"
Ivy 8020-58-2-30
ManufacturedMH Advantage

Dynasty Series / The Randall

Built by: Cavalier Homes
3
2
1320 ft²
32'0" x 44'0"
74DYN32443AH
ManufacturedMH Advantage

Dynasty Series / The Parker

Built by: Cavalier Homes
3
2
1680 ft²
32'0" x 56'0"
74DYN32563BH

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.