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

Manor Series / Azalea II 5111-66-3-47

Built by: Franklin Homes
3
2
2130 ft²
45'0" x 62'0"
Azalea II 5111-66-3-47
ManufacturedModularMH Advantage

Manor Series / Azalea III 5112-66-3-47

Built by: Franklin Homes
3
2
2130 ft²
45'0" x 62'0"
Azalea III 5112-66-3-47
ManufacturedModularMH Advantage

Farmhouse Series / Azalea I 5078-64-3-47f

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

Farmhouse Series / Azalea II 5120-66-3-47

Built by: Franklin Homes
3
2
2040 ft²
45'0" x 62'0"
Azalea II 5120-66-3-47
ManufacturedModularMH Advantage

Farmhouse Series / Azalea III 5121-66-3-47

Built by: Franklin Homes
3
2
2138 ft²
45'0" x 62'0"
Azalea III 5121-66-3-47
ManufacturedModularMH Advantage

Farmhouse Series / Jasmine I 5129-76-4-47

Built by: Franklin Homes
4
2
2624 ft²
45'0" x 72'0"
Jasmine I 5129-76-4-47
ManufacturedModularMH Advantage

Farmhouse Series / Jasmine II 5130-78-4-47

Built by: Franklin Homes
4
2
2639 ft²
45'0" x 74'0"
Jasmine II 5130-78-4-47
ManufacturedModularMH Advantage

Farmhouse Series / Lilly I 5132-68-3-44

Built by: Franklin Homes
3
2
2394 ft²
42'6" x 64'0"
Lilly I 5132-68-3-44
ManufacturedModularMH Advantage

Farmhouse Series / Lilly I-B 5127-70-3-44

Built by: Franklin Homes
3
2
2030 ft²
42'6" x 66'0"
Lilly I-B 5127-70-3-44
ManufacturedModularMH Advantage

Farmhouse Series / Lilly II 5133-76-4-44

Built by: Franklin Homes
4
2
2565 ft²
42'6" x 72'0"
Lilly II 5133-76-4-44
ManufacturedModularMH Advantage

Farmhouse Series / Lilly III 5128-76-3-44

Built by: Franklin Homes
3
2
2569 ft²
42'6" x 72'0"
Lilly III 5128-76-3-44
ManufacturedModularMH Advantage

Farmhouse Series / Lilly IV 5126-78-3-44

Built by: Franklin Homes
3
2
2394 ft²
42'6" x 74'0"
Lilly IV 5126-78-3-44

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.