Here is what our expert Mark had to say:
I’m not aware of any renovation purchase loans for manufactured homes. These loans typically allow for a loan amount based on the property value after the renovations are completed. The FHA 203k loan is one example of this type of loan but unfortunately most FHA lenders exclude manufactured homes. Your best chance of finding a solution is to contact small local lenders who typically do not sell loans on the secondary market and have more flexibility with the types of properties they will finance.
I hope this helps! Good luck!