DPA reduces loan-to-value by about 6%, improving loan qualification for first-time buyers and often covering closing costs, prepaid items, interest rate buydowns, mortgage insurance premiums, and buyer's agent commission. Buyers can sometimes stack multiple DPA programs for added benefit. Median U.S. home price rose to $369,000 in Q2 2025 with a 30-year fixed rate averaging 6.82%, increasing affordability pressures. DPA programs supporting manufactured home purchases grew 4% to 1,006 programs in Q2 2025. Manufactured housing shipments exceeded 100,000 in 2024. Manufactured homes cost about $87 per square foot and are built to HUD standards established since the 1976 HUD Code.
Lenders can use DPA to reduce a homebuyer's loan-to-value (LTV) ratio by an average of 6%, significantly improving loan qualification rates for first-time mortgage-ready buyers. Beyond the down payment, many DPA programs also help cover closing costs, prepaid items, interest rate buydowns, mortgage insurance premiums, and even the buyer's agent commission. In some cases, buyers can stack multiple programs for greater financial benefit.
According to the Manufactured Housing Institute (MHI), more than 100,000 new manufactured homes were shipped across the United States in 2024. This figure represents a significant increase compared to previous years and signals a growing demand for this type of housing. Why the excitement? Simple economics. While site-built homes cost around $166 per square foot, manufactured homes clock in at a budget-friendly $87 per square foot, says MHI.
Because manufactured homes are built indoors in modern, carefully controlled factories, every step of construction is consistent, from the materials used to how the house is assembled. That kind of controlled environment often leads to better, more reliable quality than homes built outside on a job site, where weather and other factors can affect the outcome. These homes don't look or perform like your grandpa's mobile home.
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