Our company was established in 1997 to answer the needs of manufactured home owners and buyers. We help you find a variety of manufactured home loans to choose from when making a purchase or refinancing. With our affiliate lenders friendly service, and highly competitive rates you will find one that best meets your needs.We provide a service to help you find mobile home refinancing, mobile home loans, manufactured home loan refinancing and financing for homes in parks and communities, refinance or finance home only new or used mobile homes, or the mobile home and land together.
A manufactured housing loan is considered a chattel mortgage, a term used when the land is not a factor, or land-home loan when the mobile home and land are included in the same mortgage. Finance purchase or refinance mobile manufactured home in a park, on a rented lot, leased lot, private land, or a relatives land. Cash Out, debt consolidation, mobile home equity loan, home improvement loans or lower the interest rate on your doublewide or singlewide mobile or modular home loan.
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Mobile Home Mortgage Loan (Home & Land): If the home has a permanent foundation, you may
take out a mortgage loan for buying both the land (lot) and home,
or either the land or home. The loan covers the cost of your home
as well as any repair work done on the lot depending upon whether
the appraised value is equal to the selling price of the mobile
home.
- Mobile Home Loan (Home-Only): This is meant for purchase of homes on a rented lot as in mobile home parks. Personal property loan is offered by retailers who sell mobile homes. In order to qualify, you typically need to put down 10% of purchase price for 10-30 year loans. The interest rate will be 2-3% higher than mortgages, fixed or variable. But you can typically qualify with higher debt ratio and use the loan funds to cover home plus lot improvements (walkways, garages etc).
