Manufactured Housing Loans

Freddie Mac Manufactured Housing Apartment Loans


The Freddie Mac manufactured housing program provides flexible financing, competitive pricing, and a speedy execution for mobile home communites. This program expands affordable housing options for underserved populations, particularly in rural and non-metro areas where manufactured housing communities are predominant.


Manufactured Housing Loan Options and Requirements
Eligible PropertiesExisting, stabilized, high-quality, professionally managed manufactured housing
Loan Size$1 million+
TermUp to 10 years
Max Amort30 years
Min DSCR DSCR Calculator1.25x
Interest RateFixed- and floating-rate options
Prepayment- Fixed-rate mortgages: Yield maintenance until securitized followed by a 2-year lockout; defeasance thereafter. No prepayment premium for final 90 days. If loan is not securitized within first year, then yield maintenance applies for the life of the loan. Yield maintenance without defeasance is available for securitized mortgages for an additional cost
- For floating-rate mortgages: Yield maintenance at 1% or yield maintenance with step down
RecourseNon-recourse except for standard carve-out provisions
Tax & Insurance EscrowRequired
Replacement Reserve DepositTypically Required
Supplemental FinancingAvailable
Early Rate and Spread Lock OptionsEarly rate and spread lock options available, typically ranging from 60 days to 120 days

Freddie Mac Program Plus