Freddie Mac Boosts Manufactured Housing Loan Buying
Purchases of manufactured housing loans rose 50% over the past year as new lenders enter the market.
Updated on Nov. 4, 2026 in Residential
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Freddie Mac's purchases of manufactured housing loans rose 50% over the past year, with 6,232 loans bought in 2025 totaling about $1.17 billion. Lenders that had not previously sold these loans to Freddie Mac are now entering the market.
Why it matters
The expansion gives manufactured home buyers, many of them first-time purchasers, broader access to financing. Freddie Mac's loans must be titled as real property, which separates them from chattel loans.
Freddie Mac's 2025 purchases were 6,232 loans totaling about $1.17 billion, with about 64% going to first-time buyers compared with 51% of its overall single-family purchases. Shipments of new manufactured homes reached 67,800 through August, about 4% below the same period in 2025, and the sale price of new homes shipped in May averaged $130,500 versus $126,800 a year earlier.
The players
Freddie Mac
Freddie Mac is a government-sponsored enterprise that buys mortgages from lenders and packages them for investors, and it is expanding its purchases of manufactured housing loans.
The details
Freddie Mac allows temporary buydowns on manufactured home loans and its Home Possible program permits down payments as low as 5% on standard manufactured homes. A quarter of the lenders that delivered qualified manufactured housing loans in 2025 had not sold loans to Freddie Mac in at least a year, if ever.
Timeline
2025: Freddie Mac bought 6,232 manufactured housing loans totaling about $1.17 billion.
May: New manufactured homes sold for an average of $130,500.
August: Shipments reached 67,800 homes through the month, with the seasonally adjusted pace rising to 104,000.
Oct. 22: An executive order created the Task Force on Manufactured Housing Innovation.
Market Landscape
The October 22 executive order created the Task Force on Manufactured Housing Innovation with a 180-day window to deliver recommendations. Freddie Mac's expanded purchases and the removal of the chassis requirement build on that federal effort to broaden financing for manufactured homes.
Buyers of manufactured homes may find more lenders willing to finance purchases, particularly first-time buyers who made up about 64% of Freddie Mac's manufactured housing purchases in 2025. Options such as temporary buydowns and down payments as low as 5% under Home Possible may lower the upfront cost of buying.
The takeaway
Manufactured home buyers should compare lenders, since more of them now offer financing and some Freddie Mac programs reduce the upfront cost of purchase.
What happens next
The Task Force on Manufactured Housing Innovation has 180 days from its October 22 creation to deliver recommendations.
Further reading
Explore more on the Residential market for context on home financing trends.
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