Mobile Home Self-Insured Option

State program

Learn more

at MaineHousing

Best for

Manufactured homes

No mortgage insurance

What you need to know

The program helps Mainers buy mobile homes when the loan-to-value is more than 80% and less than or equal to 95%. Borrowers pay a higher interest rate but don’t have to pay for mortgage insurance. The option can be combined with the Advantage program for down payment and closing cost assistance. A