Davie Mortgage & Home Loans
Davie is the property type nobody else wants to underwrite. Acreage, horses, manufactured homes on owned land, wells and septic. We finance all of it, plus regular FHA, VA, and conventional purchases. English and Spanish, start to close.
Why Davie Breaks Ordinary Loan Files
Half the housing stock here is something other than a plain single-family house
Start with one number. Census American Community Survey estimates show only about 51.7% of Davie housing units are single-family detached homes. Roughly 33.4% sit in multi-unit buildings, and about 14.8% are mobile or manufactured homes. That last slice is the highest share of any comparably sized city in Broward, and it is the reason a lender who only knows tract subdivisions will stall your file. Add five-acre equestrian parcels west of Flamingo, agricultural classifications, wells, and septic systems, and you have a town where the property decides the loan.
A manufactured home on land you own, titled as real property, is a mortgage. The same home on a rented lot is a chattel loan. Same house, different product, different rate, different closing. Know which one you are buying before you sign.
The Davie Market, Honestly
Census Bureau American Community Survey estimates put the town at 112,040 residents with a 69.6% homeownership rate, high even by Broward standards:
- Median owner-occupied home value near $538,100, per Census ACS estimates
- Median household income near $86,560, also per Census ACS
- About 43.6% Hispanic or Latino, 32.2% born outside the United States
- 14.8% of housing units are mobile or manufactured homes
- Only 51.7% of units are single-family detached
- Nova Southeastern University anchors a 314-acre campus and is one of the town's largest employers
Programs That Fit This Town
Davie borrowers rarely land on the first program a big bank offers them. The mix we actually close:
- Conventional financing including manufactured homes titled as real property
- FHA Title II for permanently affixed manufactured homes on owned land
- VA financing, which will lend on manufactured housing under the right conditions
- Acreage and hobby-farm purchases where the appraisal needs a real narrative
- Bank statement qualifying for contractors, trainers, and small operators
- Chattel referrals when the home sits on a leased lot and a mortgage is not possible
- Renovation financing when the well, septic, or roof needs work to pass
Loan Programs for Davie Buyers
Manufactured Home Mortgages
If you own the land and the home is titled as real property, this is a mortgage, not a personal property loan. The home has to carry a HUD label, meaning built on or after June 15, 1976, be permanently affixed with the hitch and axles removed, and be taxed as real estate. In Florida that means filing form DR-402 with the Property Appraiser, buying an RP decal from the Tax Collector, and retiring the title under Florida Statute 319.261. We check that paperwork before you write the offer.
Conventional Loans
Median owner-occupied value in Davie runs near $538,100 and the 2026 conforming limit for a one-unit Broward property is $832,750 per FHFA, so most purchases here finance inside conforming territory. Conventional also allows manufactured housing on owned land with its own appraisal form and comparable requirements. Down payments start at 3% for qualified first-time buyers, and mortgage insurance drops at 20% equity.
FHA Loans
3.5% down with credit from 580, and FHA will finance a permanently affixed manufactured home on land you own under Title II. It is stricter than conventional on the property itself: expect a foundation certification, a water potability test if there is a well, and a septic inspection. Those are solvable, but they add two weeks. Order them the day you go under contract, not the week before closing.
VA Loans
No down payment and no monthly mortgage insurance for eligible veterans. The VA does lend on manufactured housing and on acreage, but the appraiser applies minimum property requirements aggressively: roof condition, well distance from the drain field, safe access. Davie's larger parcels sometimes have a shared or unpaved access road, and that needs a recorded easement and maintenance agreement, which is worth confirming early.
Acreage and Equestrian Purchases
Davie still has working horse property, and the Bergeron Rodeo Grounds on Davie Road Extension is not a theme park, it is a real arena in a real horse town. Financing a five-acre parcel with a barn is an appraisal problem before it is a credit problem. Comps get thin, and outbuildings usually contribute far less value than the seller believes. We set expectations before the appraisal instead of after.
Bank Statement Loans
Trainers, farriers, landscapers, trade contractors, truck owner-operators. Davie is full of people whose tax returns understate what they actually earn. Bank statement programs qualify on 12 to 24 months of business or personal deposits instead of returns. Profit and loss and asset depletion options exist too. If your returns support conventional financing, take conventional, because it prices better.
Davie by the Numbers
Census Bureau American Community Survey estimates for Davie town, Florida
$538,100
Median value of an owner-occupied home, well under the conforming limit
14.8%
Share of housing units that are mobile or manufactured homes
69.6%
Homeownership rate, one of the higher figures in Broward County
112,040
Population of the largest Florida municipality still called a town
Manufactured Housing: The Part Buyers Get Wrong
Almost one in seven Davie housing units is a mobile or manufactured home, and the single most expensive mistake in this market is assuming they all finance the same way. They do not. Ownership of the land is the dividing line.
Own the land, home titled as real property, HUD label present, permanently affixed on a foundation with the towing hitch and axles removed. That is a mortgage. Conventional, FHA, and VA all have a lane for it, the term can run 30 years, and the pricing looks like ordinary residential pricing. Florida's mechanics are specific: Department of Revenue form DR-402 goes to the Broward County Property Appraiser, the RP decal comes from the Tax Collector, and the certificate of title gets retired under Florida Statute 319.261. Miss a step and the closing agent finds it three days before funding.
Rent the lot in a land-lease park and the home stays personal property. Financing becomes a chattel loan: shorter term, higher price, different lender set. That is not a rip-off, it is a different asset class, and plenty of Davie buyers choose it knowingly. What we refuse to do is let someone learn the difference at the closing table.
Any manufactured home built before June 15, 1976 predates the federal HUD Code. No HUD label means no conventional, FHA, or VA financing, no exceptions, regardless of condition.
Acreage, Greenbelt, Wells, and Septic
Western Davie has five-acre parcels a few blocks from quarter-acre subdivision lots. Appraisers hate that, and underwriters read appraisals. When comparable sales are thin, the appraiser reaches for distance or age adjustments, and every reach invites an underwriting condition. Barns, riding rings, and equipment sheds usually contribute far less than owners expect, sometimes nothing, because the contribution has to be supported by market evidence.
An agricultural classification under Florida Statute 193.461, what most people call greenbelt, lowers the assessed value on the working portion of the land. Lower assessment, lower escrow, better ratio. But conventional and government loans finance residential property, not farm operations, so a parcel that reads as a commercial agricultural enterprise can fall outside agency guidelines. We look at the Broward County Property Appraiser record before you write, because keeping or losing that classification changes both the payment and the loan type.
Then there is water. Plenty of properties in western and agricultural Davie remain on well and septic even with public utilities running down the street. FHA and VA both want a potability test, a septic inspection, and minimum distance between the well and the drain field. Schedule those alongside the general inspection so a failed water sample does not eat your financing contingency. Our appraisal guide covers what underwriting does with a thin comp set, and the property tax guide explains how assessments land in escrow.
Davie Mortgage Questions We Get Weekly
Can I get a real mortgage on a manufactured home in Davie?
Yes, if you own the land and the home is titled as real property. Census ACS estimates show about 14.8% of Davie housing units are mobile or manufactured, so this comes up constantly. The home has to be built on or after June 15, 1976 to carry the HUD label, permanently affixed to a foundation with the hitch and axles removed, and taxed as real property. In Florida you file Department of Revenue form DR-402 with the Property Appraiser, buy an RP decal from the Tax Collector, then retire the certificate of title under Florida Statute 319.261.
What if my Davie mobile home sits in a land-lease park?
Then it is not a mortgage. If you own the home but rent the lot, the home stays personal property and the financing is a chattel loan, which is shorter, priced higher, and closes through a different channel. That is not a scam and it is not a reason to walk away, but you should know which product you are actually buying. Davie has real park-model and land-lease inventory, and buyers get surprised by this every month.
How does buying acreage in Davie change the appraisal?
Comparable sales get thin fast. Western Davie has five-acre equestrian parcels sitting a few blocks from quarter-acre subdivision lots, so the appraiser may have to reach for distance or age adjustments, and that invites underwriting questions. Barns, riding rings, and outbuildings often contribute far less value than owners expect, sometimes nothing at all, because the appraiser has to support the contribution with market evidence. Order the appraisal early and leave schedule room for a second look.
Does an agricultural classification affect my Davie mortgage?
It can. An agricultural classification under Florida Statute 193.461, often called greenbelt, lowers the assessed value on the working portion of the land, which lowers your escrow. But conventional and government loans are for residential property, not farm operations, so if the parcel reads as a commercial agricultural enterprise the file can fall outside agency guidelines. We look at the Broward County Property Appraiser record before you write an offer, because losing or keeping the classification changes both the payment and the loan type.
Do lenders care about well and septic on a Davie property?
Yes, and FHA and VA care more than conventional. Expect a water potability test and a septic inspection, minimum distance requirements between the well and the drain field, and a repair escrow if anything fails. Plenty of properties in the western and agricultural pockets of Davie are still on well and septic even though public utilities run nearby. Get the tests scheduled at the same time as the general inspection so a failed sample does not eat your financing contingency.
Do I need a jumbo loan to buy in Davie?
Most buyers do not. Census estimates put the median value of an owner-occupied Davie home near $538,100, and the 2026 conforming loan limit for a one-unit Broward County property is $832,750 per FHFA. So the typical Davie purchase finances inside conforming limits. Where jumbo shows up is the acreage market: a renovated equestrian estate on five acres west of Flamingo Road can clear the limit easily, and those files need reserves and a stronger appraisal story. Our jumbo loan guide walks through the reserve requirements.
Is bilingual mortgage service available in Davie?
Yes. Our team handles the entire file in English or Spanish, from Pre-Qualification through closing. Census estimates put Davie at roughly 43.6% Hispanic or Latino with about 32.2% of residents born outside the United States. Our Spanish-language Davie page is at approvedready.com/es/hipoteca-davie. Lifetime Capital Funding, NMLS #2583712, Equal Housing Lender.
Other Areas We Serve
Ready to Finance Your Davie Property?
Send us the address before you write the offer. We will tell you what the property type does to the loan, what inspections it triggers, and what it costs to close. Full service in English and Spanish.
Lifetime Capital Funding LLC | NMLS #2583712 | Florida Licensed Mortgage Lender | Equal Housing Lender
Not a commitment to lend. All loans subject to credit and property approval.