What is Mobile Home Guy?

Mobile Home Guy simplifies mobile home financing, offering access to 150+ listings and managing all e-signature documents for a smooth home-buying journey.

Can I get a loan if I don't own the land?

Yes! We offer **chattel loans** specifically for mobile homes on rented or non-owned land. These loans treat the mobile home as personal property and don't require land ownership. Chattel loans may have slightly higher interest rates but offer flexible qualification.

What's the difference between a chattel loan and a mortgage?

**Chattel Loan:** - Mobile home is personal property - No land ownership required **Manufactured Home** - Requires land ownership - Treated as real estate

Is there a down payment required?

Down payment requirements vary by program and property type: - **Minimum:** 3-5% of purchase price - ** Chattel loans (Mobile Homes in Parks) start at minimum of 5% - ** 100% Zero Down Payment available in some areas. - **Benefits of larger down payment:** Better rates and terms Flexible financing options are available. Our specialists can discuss what works best for your situation.

What is a mobile home chattel loan?

A chattel loan is a loan used to finance a manufactured or mobile home when the home is treated as personal property, rather than real estate. This is common when the buyer owns the home but leases the land, such as in a mobile home park or manufactured home community. HUD's housing counselor glossary states that manufactured homes on leased land are typically financed with chattel loans, and the home itself secures the loan.

How is a chattel loan different from a traditional mortgage?

A traditional mortgage usually finances real property, meaning the home and land are titled together and the home is permanently affixed to the land. A chattel loan usually finances only the home, not the land. Because chattel loans are secured by personal property, they often have higher interest rates and shorter repayment terms than traditional real estate mortgages.

Can I get a chattel loan if the home is in a park or on leased land?

Yes. In fact, that is one of the most common uses of a chattel loan. If the manufactured home is located in a park or community where the buyer leases the space, the home may not qualify for a standard mortgage because the borrower does not own the land. A chattel loan can allow the buyer to finance the home itself while continuing to pay space rent or lot rent separately.

What credit score, down payment, and terms are usually required?

Requirements vary by lender, state, home type, and borrower profile. Some specialty manufactured home lenders advertise programs with down payments as low as 5% and terms around 20 to 23 years, but those are lender-specific guidelines, not universal rules. For FHA Title I manufactured home loans, HUD says the buyer must meet credit guidelines, agree to the required down payment, and use the home as their principal residence. HUD also lists a maximum term of 20 years and 32 days for a single-unit manufactured home loan.

Is a chattel loan a good option for buying a manufactured home?

A chattel loan can be a good option when the buyer wants to purchase a manufactured home but does not own the land underneath it. It can also be faster or more practical than trying to convert the home to real property. However, buyers should compare the payment, interest rate, loan term, fees, lot rent, insurance, taxes, and park/community rules before moving forward. Pew notes that home-only/chattel loans are often less affordable than mortgages because of shorter terms and higher interest rates, but they can still provide legal ownership and consumer protections that may be better than risky alternatives such as lease-purchase or contract-for-deed arrangements.

LOAN OPTIONS

Find the Right
Mobile Home Loan for You

From in-park homes to land-and-home packages, we have a loan program built for every kind of manufactured home buyer. Get pre-approved with The Mobile Home Guy, your mobile home financing specialist.

Low Down Payments

24-Hour Pre-Approvals

Multiple Lender Options

Mobile Home Specialists

Explore Your Options

Four Loan Programs. One Mobile Home Expert.

No two manufactured home purchases are the same. Choose the program that fits your situation below. Looking for financing in a specific state? Explore our Idaho Mobile Home Loans page for statewide options.

Finance a home in a mobile home park

In-Park Mobile Home Loans

Buying a manufactured home in a park or community? We offer specialized financing for homes on leased land with competitive rates and terms built for park placement. No real estate required — just the home itself.

Loans for single, double & triple wides in parks
Down payments as low as 5%
Fixed-rate terms up to 25 years
No land purchase required
Park approval assistance included

Home + land financed together

Manufactured Home Loans on Land

When you own the land or want to buy both the home and the land together, our manufactured-on-land loans give you the best of both worlds — real estate financing with manufactured-home flexibility. This is true mortgage financing with the lowest available rates.

Home and land financed as one loan
Lowest interest rates available
Conventional, FHA, VA & USDA options
Title conversion to real property
Up to 30-year fixed terms

Community & shared-ownership financing

Condo / PUD & Co-Op Park Loans

Manufactured homes in condominium projects, planned unit developments (PUDs), or cooperative parks have their own financing rules. We know these communities inside and out, and we have loan programs designed specifically for these ownership structures.

Condo, PUD & co-op park financing
HOA / community approval guidance
Shared-wall and community-asset loans
Both chattel and mortgage options
Experienced with community review process

Buy the lot, build later

Land-Only Home Loans

Already have a home in mind but need to secure the land first? Our land-only loans let you purchase a lot for future manufactured home placement — with flexible terms that make it easy to add your home when the time is right.

Purchase land for future home placement
Improved and unimproved lots
Short- and long-term lot financing
Roll into construction-to-perm later
Competitive land loan rates

Start Your Application

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Same secure application used across all our loan options. No credit pull, no commitment — just tell us about your situation and Kris will take it from there.

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Complete your application in just a few minutes.

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Mobile Home Loan FAQ

Answers to common questions about our loan programs

Not Sure Which Loan Is Right for You?

Kris Covert will personally review your situation and match you with the best program — no pressure, no obligation.

Mobile Home Guy is a DBA of Preferred Mortgage, LLC · NMLS #2475985 · Kris Covert NMLS #18694

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