If you are looking for an affordable, comfortable, and efficient path to homeownership, a Primary Residence Mobile Home Loan can provide the solution. These specialized loans are designed for individuals and families purchasing a manufactured home to occupy as their main dwelling, offering accessible financing options often unavailable through conventional mortgages.
Mobile homes provide a high-quality housing option at a lower price point, making homeownership attainable for more buyers.
1. Lower Entry Cost: Budget-Friendly Homeownership: Mobile homes generally have a lower purchase price compared to site-built homes, which translates to a smaller down payment requirement and more accessible financing. This is your chance to step out of renting and build equity faster.
2. Flexible Loan Options: Home & Land Included: We offer various financing structures to fit your specific needs:
Land/Home Package: For buying a new or existing manufactured home and the land it sits on (often structured like a traditional real estate mortgage).
Home Only (Chattel): For purchasing a home that will be placed on leased land, such as in a manufactured home community or park.
New & Used Homes: Financing available for both new construction and pre-owned manufactured homes, maximizing your selection.
3. Simple Process: Faster Move-In: Our lending process is streamlined to account for the unique characteristics of manufactured housing. We aim for quick approvals and efficient closing times so you can move into your new home sooner.
We are dedicated to helping you find the perfect loan solution for your primary residence.
Consultation: Speak with a lending specialist to determine the best loan type based on whether you are buying the home only or a home-and-land package.
Application: Submit standard documentation regarding income, credit history, and the specific manufactured home you plan to purchase.
Appraisal & Closing: Once the property is appraised (or the home is valued), we finalize the loan terms and get you the keys to your new home!
We shop your loan across multiple wholesale lenders to ensure you’re getting the lowest possible rate and fees. We’ll walk you through every step, from pre-approval to closing, so you understand your loan terms and know you’re making the best decision for your situation.
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