Where to Find Financing for Manufactured Homes

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Buying or refinancing a mobile home can be a different process when compared to financing a stick-built home. Check in with some of the lenders listing on this page about their mobile home loan solutions.

Many mortgage companies have moved out of the manufactured housing market as they felt that they were more risky than other types of residential property financing. Still, there are plenty of good options out there and it would not be surprising to see more lenders jump back into the arena as construction methods continue to evolve and improve.

Some Companies offering Mobile Homes Loans in the United States

  • American Financial Resources is a national mortgage national mortgage lender that offers mobile home financing for eligible single and double wide mobile homes on owned land. Their mobile home loans are FHA products which can be a good fit for many first time home buyers. You can reach them at 800.316.9508 or online here.
  • Another company that provides mortgages for manufactured homes is Mountainside Financial, based out of Fairfax, VT. According to their web site, www.mountainsidefinancial.com, they offer a 5% downpayment product (subject to change), gifted down payment programs, no prepayment penalties, a cash-out manufactured home loan product and more. Be sure to ask them about their most up-to-date loan criteria as programs change frequently.
  • If you are looking to purchase or refinance a home in a park, you could check out JCF Lending Group. Their web site, www.chattelmortgage.net, states that they “provides mobile home loans to include, mobile home financing and manufactured home refinancing for homes located in mobile home parks and leased lot manufactured home communities.”
  • 21st Mortgage, a Berkshire Hathaway Company, also offers mobile home refinancing solutions. According towww.21stmortgage.com, the manufactured home loans have no application fees, come with fixed rates, no pre-pay penalties or mortgage insurance (PMI), and are available for the refinance of both single wide and double wide mobile homes.

Related PostWhat is the difference between mobile and modular homes?

You can find HUD’s manufactured home financing guidelines on the US Department of Housing & Urban Development’s web site.

If you are a lender that offers mortgages for manufactured homes and would like to be listed on this page, please call 910-547-6910 for listing details.