Modular and manufactured homes are fine by us, as long as the home is financeable and appropriate for the area. The bright line on financing is age. To be eligible for FHA, VA, USDA, or Fannie Mae and Freddie Mac financing, a manufactured home must have been built on or after June 15, 1976, the effective date of HUD's federal construction code, and it must carry its HUD certification label. A home built before that date is ineligible for standard agency financing, full stop. You also want the home permanently affixed to a proper foundation and titled as real property rather than as a vehicle. Past that threshold, the questions are ordinary ones: - Is this style of home common for the area, so it will appraise and later resell against comparable properties? - Does it meet your needs, and will you be happy living in it? If the answers are yes, an off-frame modular home on land you own is no problem for us. Each agency has its own manufactured-housing requirements around the foundation, the label, and the titling, and those details change, so confirm current guidelines for the exact property before you get too far. Verify the build date, the HUD label, the permanent foundation, and the fit with the area, and the loan side usually follows.