Program highlights
- Manufactured home: singlewide and doublewide, primary or investment
- Condos, condotel, co-ops
- Barndominium
- Vacant land/lots
- Non-warrantable condos (no questionnaire)
- Other unique properties
- Texas VLB (Conv, FHA, VA)
What counts as a unique property?
A unique property is any home that does not fit the standard single-family template lenders are used to. Manufactured homes, barndominiums, raw land, condotels, co-ops, and condos in buildings that do not meet agency guidelines all fall into this group. Many lenders pass on them. We have programs built for them.
Manufactured homes
We finance singlewide and doublewide manufactured homes, for a primary residence or as an investment property. Guidelines typically look at whether the home is permanently affixed to a foundation, whether it is titled as real property, the age and condition of the home, and whether you own the land. Requirements vary by loan type.
Barndominiums
A barndominium is a home built with a metal or post-frame structure, often with living space and shop or storage space under one roof. They are popular across Central Texas. The biggest challenge is the appraisal, since comparable sales can be limited. We work with appraisers familiar with these properties and can pair barndominiums with one-time or two-time close construction if you are building.
Vacant land and lots
We finance vacant land and lots, whether you plan to build soon or hold the land. Land loans typically require a larger down payment than a home loan, and terms depend on the land's access, utilities, and intended use.
Condos, condotels, co-ops, and non-warrantable condos
- Non-warrantable condos: buildings that do not meet Fannie Mae or Freddie Mac rules, often because of investor concentration, pending litigation, or commercial space. Our program does not require the condo questionnaire.
- Condotels: condo units in a building run like a hotel, with rental programs and front desk services.
- Co-ops: where you buy shares in a corporation that owns the building rather than the unit itself.
Texas VLB
The Texas Veterans Land Board offers land and home loan programs for eligible Texas veterans and military members. We offer Texas VLB home financing alongside conventional, FHA, and VA loans. Eligibility requirements set by the VLB apply.
Who it fits
These programs fit rural buyers, buyers building their own place, condo buyers who were told the building is not approved, investors with nontraditional properties, and Texas veterans who want to use their state benefits. If your property does not fit one of these categories, call us about other unique properties.
What you need to apply
- Standard income and asset documents
- Property details, including photos, survey, or HOA information
- For manufactured homes: serial numbers, foundation, and title details
- For land: survey, access, and utility information
- For Texas VLB: your eligibility documents
How we help in Austin
The Hill Country and the counties around Austin are full of acreage, metal-frame homes, and manufactured homes on land, and downtown Austin has condo buildings that do not always meet agency rules. We know the questions underwriters and appraisers will ask about these properties and prepare for them early. We finance unique properties across our 12 licensed states.
Additional terms and conditions apply. Not all loan types are compatible with this product. Subject to underwriting conditions. Not a promise to make a loan. All borrowers must qualify.
Unique Property Loans: common questions
Can I get a mortgage on a manufactured home?
Yes. We finance singlewide and doublewide manufactured homes as a primary residence or an investment property. Guidelines typically consider whether the home is on a permanent foundation, titled as real property, its age and condition, and whether the land is included. Requirements vary by loan type, so send us the details and we will confirm which options fit.
Can I finance a barndominium?
Yes. Barndominiums are one of the unique property types in our product guide. The appraisal is usually the hardest part, since comparable sales can be limited, so we work with appraisers familiar with these homes. If you are building one, we can pair it with one-time or two-time close construction financing on eligible agency loans.
What is a non-warrantable condo?
A non-warrantable condo is a unit in a building that does not meet Fannie Mae or Freddie Mac guidelines, often because of high investor ownership, pending litigation, a large commercial space, or budget issues. Most conventional lenders cannot finance these. Our non-warrantable condo program does not require the condo questionnaire, which can speed things up.
Can I get a loan for vacant land?
Yes. We finance vacant land and lots, whether you plan to build soon or hold the land. Land loans typically require a larger down payment than a home loan, and terms depend on the property's access, utilities, zoning, and intended use. If you plan to build, a construction loan may be able to cover both the land and the build.
What is the Texas VLB loan?
The Texas Veterans Land Board offers land and home loan programs for eligible Texas veterans and military members. We offer Texas VLB home financing with conventional, FHA, and VA loans. The VLB sets its own eligibility rules, including service and Texas residency requirements. We help you confirm eligibility and decide whether pairing VLB with your loan makes sense.