Mobile Home Loans

Specialized financing options designed specifically for manufactured and mobile homes, making affordable homeownership a reality.

Financing Manufactured Homes

Whether you are buying a manufactured home placed on land you own or in a mobile home park, we offer loan programs tailored to these unique property types. Financing a mobile home differs from traditional real estate, and our experts guide you through the process.

Program Options

• FHA Title I loans for homes in parks (chattel loans).
• FHA Title II, VA, and Conventional loans for homes permanently affixed to owned land.
• Competitive rates compared to personal property loans.
• Options for both new and used manufactured homes.
• Refinancing options available for existing mobile home owners.

Who is Eligible?

• Buyers of new or used manufactured homes.
• Borrowers with a credit score that meets the specific program guidelines (FHA, VA, or Conventional).
• The home must meet specific safety and HUD standards (usually built after June 15, 1976).
• For traditional mortgages, the home must be permanently affixed to a permanent foundation on land you own.

What is the Process?

1. Determine Loan Type: We figure out if you need a chattel loan (home only) or a traditional mortgage (home + land).
2. Pre-Approval: We review your credit and income.
3. Property Inspection & Appraisal: The home is inspected to ensure it meets HUD guidelines and appraised for value. If it's being affixed to land, a structural engineer's report may be required.
4. Underwriting: The lender verifies all documentation.
5. Closing: You finalize the loan and move into your manufactured home!

Is Mortgage Insurance Required?

This depends entirely on the loan program. If you use an FHA loan, you will pay FHA mortgage insurance. If you use a conventional loan and put down less than 20%, you will pay PMI. VA loans for manufactured homes do not require PMI, but do require the standard VA Funding Fee.