Manufactured Home Financing

Manufactured (or commonly referred to as Mobile) Home financing provides buyers with various loan options to purchase or refinance a manufactured home. Unlike traditional mortgages, manufactured home loans may come from specialized lenders or banks. As with traditional loans, depending on the lending institution, they may have government-backed programs like FHA, VA, or USDA loans. Modular Homes are built to a State building code, and financial institutions treat them the same as a typical traditional home loan. Manufactured home financing terms depend on factors such as credit score, home age, and whether the home is on owned or leased land. Chattel loans are common for homes on rented lots, while conventional mortgages apply to homes on permanent foundations. With flexible options and competitive rates, manufactured home financing makes homeownership more accessible and affordable.

The lenders we use and have been approved through are below. If you need to speak with one of the lender contacts, please give us a heads-up so we can make them aware of your call. ELEND and The Federal Savings Bank are traditional lenders and have government type loans (Conventional, FHA, VA and USDA). 21st Mortgage and Triad specialize in the Manufactured Home lending space. All lenders offer multiple loan products, so you can find one that fits your needs. Loan products may include some type of Construction (combines land + home) and Chattel [home only] loans.

Please email HomeBound Homes at info@homeboundhomes.com once you have submitted your lender application.