Types of Loans for Buying a Manufactured Home

Congratulations on your decision to buy a manufactured home. We look forward to putting our manufactured home financing services to work for you.

There are many important things to consider throughout the process, especially if you’re a first-time homebuyer. Our online application process is conveniently designed to allow you to complete the process in as little as 15 minutes. After you submit an application, you can check the loan status at your convenience and be kept up to date with processing text and email messages if you so choose. Supporting documents for loan approvals can be uploaded in seconds from your phone, tablet, computer or laptop as either PDF documents or photographs of the items. We have designed this system with both your convenience and the security of your personal information in mind.

We offer competitive interest rates and terms on all of our loan programs. We finance homes in manufactured home communities, on private land and on leased ground. We also finance manufactured mobile and modular homes secured by real estate as well as construction loans and rate and term refinancing. A description of each type of loan we offer is shown below. We offer the assistance of an experienced and licensed loan officer to guide you through the often difficult and confusing process of choosing and getting the exact loan to meet your specific needs. Our helpful and courteous staff will assist you in all phases of your application process, document review, and closing. We work closely with your Manufactured Home Retailer (Dealership) or Realtor to make your dream of owning a home a seamless transition.

Chattel (Home Only) Application

We offer lending for manufactured homes located in communities/parks, on leased ground or on your own land. This application is used when the land itself is not part of the collateral for the loan. We offer competitive rates and terms without outrageous origination charges and fees. Most of these loans can close within 4-6 weeks with the timeline depending on how quickly the supporting documentation is returned to us.

Real Estate Secured

We offer lending for manufactured homes as real estate secured property. This application is for use with borrowers using land as down payment for the purchase of a manufactured home or for borrowers purchasing the home and the land together. Our application process for real estate secured loans are for either direct loans or coordinated with a realtor or for Construction to Permanent Loans coordinated through an approved Dealer. We offer competitive rates, 3 month construction loans and permanent loans for your convenience. Processing time for real estate secured loans can take anywhere from 60-90 days depending on how quickly supporting documents are sent to us.

Compare