Manufactured / Mobile Home
Affordable housing that deserves real financing.
Financing for manufactured and modular homes on owned land, including multi-wide units, with conventional, government, and portfolio options depending on the setup.
What makes this loan different
- Permanently affixed homes on owned land
- Conventional, FHA, VA, and portfolio options
- Purchase, refinance, and land-home packages
- Older units considered by portfolio lenders
Who this is built for
- Buyers in rural and semi-rural areas
- Owners refinancing a land-home package
- Affordable housing purchases
Real property versus chattel
The key question is whether the home has been permanently affixed to land you own and titled as real property. If it has, you have access to conventional, FHA, VA, and USDA financing. If it remains personal property in a leased park, you are in the chattel lending market with shorter terms and fewer lenders.
Converting a home to real property is often possible, and doing so before you refinance can save a great deal of money.
Age and construction standards
Homes built after June 1976 with HUD tags are financeable on most programs. Earlier units and homes that have been moved more than once narrow the lender list, though portfolio options exist.
What lenders typically ask for
- HUD certification labels and the data plate
- An engineer's certification that the home is on a permanent foundation
- Documentation that the title has been eliminated or the home affixed to the land under state law
- Evidence of land ownership, or the lease where the land is not owned
- Standard borrower income, credit, and asset documentation
Requirements vary by lender and by file. This is a general picture of what is commonly requested, not a checklist for a specific loan.
Worth knowing
It has to be real property.
Most mortgage financing requires the home to be permanently affixed and titled with the land. A home still titled as a vehicle generally needs chattel financing instead, which works differently and costs more.
Age cutoffs apply.
Many programs will not finance homes built before the HUD standards that took effect in the mid-1970s, and some set later cutoffs. Singlewide and doublewide are also treated differently by many lenders.
Leased land narrows the options considerably.
A home in a park on leased land is a different financing category, with fewer lenders and shorter terms.
Appraisal comparables can be scarce.
Finding recent sales of similar homes is harder in many markets, which can slow the file or affect value.
See what this program would take in your case.
We are brokers — this program is shopped across hundreds of wholesale lenders, not quoted off one rate sheet. A short application gives us enough to compare real options.
Program availability, terms, guidelines, and documentation requirements vary by lender and are subject to underwriting and change without notice. This is not a commitment to lend.