Let's Begin Your Mobile Home Loan Application Process

Ready to start your application? We'll need to know your:

  • Social Security, Tax ID Number, or Matricula Consular de Alta Seguridad

  • Estimated purchase price or estimated refinance payoff amount

  • Initial investment (down payment, land equity, or trade value)

  • Home information 

  • Proposed home site (zip code, land or site rent payment)

    • Our lenders provide competitive rates for affordable housing, whether you're buying for the first time or looking for a better refinancing package.

    • Our manufactured and mobile home loan programs include:

      • Fixed rates

      • No pre-payment penalties

      • No land required

      • Financing for new and used manufactured homes

      • Permanent or nonpermanent foundations

      • Primary, Secondary, Investment, and “Buy-For” (purchase for someone else)

      • Closing costs and most third party fees may be financed

Our lenders Manufactured and Mobile Home Credit Guidelines include (but not limited to):

Credit Score Requirements – No minimum credit score required for most states. Equity loan programs are available for applicants scoring less than 575 with a minimum 35% cash, trade, or land equity typically required.

Debt-to-Income Ratio: is calculated by dividing your total debts by your income. If this ratio is greater than 43%, you may still be eligible for a loan but additional documentation may be required.

Collateral – Lenders may lend up to 100% of the overall home and land value. Most applicants are required to have 5-35% down payment. Credit quality, loan affordability, occupancy type, and collateral type will ultimately determine your loan-to-value or down payment requirement.

Escrow for insurance and taxes is required for all loans.

Terms of purchase and refinance terms up to 25 years.

Interest Rates typically range from 5.99 to 11.99% depending on overall credit quality, age of home, collateral type, occupancy type, loan amount, and loan-to-value ratio.

Loan Amount – minimum loan amount is $21,980 for person-to-person lending and $13,737 if you are purchasing from a retailer.

Down Payment Requirement – as little as 0% of the purchase price on primary residences. Buy-For and Investment Properties require a minimum of 20% down. Down payment requirements typically range from 5% to 35% depending on overall credit quality, collateral type, and occupancy type. Down payment may be in the form of cash, trade, or land equity.

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