About Manufactured Home Loans / Chattel Loans
There are different types of manufactured homes and different types of loans for those homes.
Manufactured Homes with Land
When a manufactured home is attached to owned land on a permanent foundation and built on or after June 15, 1976 then it is considered Real Estate and traditional Real Estate loans will be available. Check out our other loan programs for these homes.
Manufactured Homes Not with Land or Built Before June 15, 1976
These homes are not eligible for traditional Real Estate loans. They require specialized loans called Chattel Loans. Most lenders do not offer these loans.
We are unique! WE DO!
Why June 15, 1976? HUD instituted minimum building standards that went into effect on that day.
We can offer loans with as little as 5% down. We have the ability to reduce the cash to close by financing some fees into the loan amount. The loan terms can be as long as 25 years.
If you are considering buying a manufactured home in a park then, we can help you to determine your max purchase price in consideration of the land lease amount.
The Manufactured Home Loan Process
Here’s how our home loan process works:
- Complete our simple Manufactured Home Loan Qualifier
- Receive options based on your unique criteria and scenario
- Compare mortgage interest rates and terms
- Choose the offer that best fits your needs