source:
  type: guide
  id: va-m26-7-ch07-t09
  authority: VA Lenders Handbook (VA Pamphlet 26-7), Chapter 7, Topic 9 — Loans for
    Manufactured Homes Classified as Real Estate
  description: VA Lenders Handbook (VA Pamphlet 26-7), Chapter 7, Topic 9 — Loans
    for Manufactured Homes Classified as Real Estate.
  coverage_tier: operative
obligations:
- id: va-m26-7-ch07-t09-full
  canonical_id: va-m26-7-ch07-t09-full
  section: VA Lenders Handbook (VA Pamphlet 26-7), Chapter 7, Topic 9 — Loans for
    Manufactured Homes Classified as Real Estate
  type: do
  tags:
  - regulator-direct
  - va
  - va-handbook
  - corpus-expansion
  - tier-operative
  primary_source:
    tier: 1
    authority: VA Lenders Handbook (VA Pamphlet 26-7), Chapter 7, Topic 9 — Loans
      for Manufactured Homes Classified as Real Estate
    source_class: va-handbook
    source_url: https://www.benefits.va.gov/warms/pam26_7.asp
    snapshot_id: 0e2735cf8ca44400
    fetched_at: '2026-05-23T01:53:53Z'
    content_hash: sha256:74297ad4fadd5e592b5688f5567170f8c128f7c9749dd06edd59e735a69099d8
    paragraph_quote: '9. Loans for Manufactured Homes Classified as Real Estate Change
      Date March 11, 2019 • This chapter has been revised in its entirety. a. How
      to Begin This section only addresses manufactured homes which are, or will be,
      permanently affixed to a lot and considered real estate under state law. Lenders
      considering making a loan involving a manufactured home that is not permanently
      affixed should contact 1-877-827-3702 and follow the instructions. b. Allowable
      Loan Purposes and Calculation of the Maximum Loan Amount Allowable Loan Purpose
      Maximum Loan To purchase a manufactured home to be affixed to a lot already
      owned by the Veteran. The lesser of: • the sum of the purchase price plus the
      cost of all other real property improvements, and the VA funding fee, or • the
      VA NOV for the property, plus the VA funding fee. To purchase a manufactured
      home and a lot to which it will be affixed. The lesser of: • the total purchase
      price of the manufactured home unit and the lot, plus the cost of all other
      real property improvements, plus the VA funding fee, or • the purchase price
      of the manufactured home unit, plus the cost of all other real property improvements,
      plus the balance owed by the Veteran on a deferred purchase money mortgage or
      contract given for the purchase of the lot, plus the VA funding fee. Continued
      on next page VA Pamphlet 26-7 Revised Chapter 7: Loans Requiring Special Underwriting,
      Guaranty, and Other Considerations 7-35 9. Loans for Manufactured Homes Classified
      as Real Estate, continued b. Allowable Loan Purposes and Calculation of the
      Maximum Loan Amount, continued To obtain a regular “Cash- Out” refinance for
      an existing loan on a manufactured home and purchase the lot to which the home
      will be affixed. The lesser of: • the sum of the balance of the loan being refinanced,
      plus the purchase price of the lot, not to exceed its reasonable value, plus
      the costs of the necessary site preparation as determined by VA, plus a reasonable
      discount on that portion of the loan used to refinance the existing loan on
      the manufactured home, plus authorized closing costs plus the VA funding fee,
      or • the total reasonable value of the unit, lot, and real property improvements,
      plus VA. funding fee. An IRRRL to refinance an existing VA loan on a permanently
      affixed manufactured home and lot. The sum of: • the balance of the VA loan
      being refinanced, plus • allowable closing costs, plus • up to two discount
      points, plus • the VA funding fee. Note: The provisions applicable to IRRRLs
      apply (See Chapter 6 of this handbook). VA Pamphlet 26-7 Revised Chapter 7:
      Loans Requiring Special Underwriting, Guaranty, and Other Considerations 7-36'
  judgment: false
