Conventional Home Loans With 5 Down

Best Fha Home Loans For the low-income demographic who make up the majority of mobile home sales, the best option for financing is an fha-backed loan. fha loans are available for both landed homes – when the mobile home and land it sits upon are owned by the same person – as well as those homes that will be located in a mobile home park.

A conventional loan is a mortgage that is not backed by a government agency.. is lower for loans with down payments of more than 5 percent. Bankrate Mortgage Rates. Product. which are conventional loans where the home prices exceed federal loan limits.. while FHA loans require 3.5 percent down and conventional loans require at.