Loans For Manufactured Homes
Evaluate Your Options.....
Manufactured Home Financing Made Easy Nationwide
At Discount Manufactured Homes, we make mobile and manufactured home financing simple—no matter where you live in the U.S. Whether you’re buying your first home or upgrading to a larger model, we offer affordable loan options to help you become a homeowner.
We work with trusted lenders across the country to match you with the best financing programs, including FHA, VA, chattel, and conventional loans. Our experienced team is here to guide you through the process step by step, making it easier than ever to buy the home you deserve.
Types of Manufactured Home Loans Available Nationwide
We connect you with a variety of loan options designed to fit your unique needs and location:
FHA Loans for Manufactured Homes
Insured by the Federal Housing Administration, FHA loans are ideal for first-time homebuyers. They offer low down payments and flexible credit score requirements.
Benefits:
As low as 3.5% down
Credit scores starting at 580
Must be your primary residence
Available in all 50 states
VA Loans for Veterans and Military Families
If you’re a U.S. veteran, active-duty service member, or eligible spouse, you may qualify for a VA loan to finance your manufactured home with no down payment.
Benefits:
0% down
No monthly mortgage insurance
Backed by the Department of Veterans Affairs
Nationwide availability
Chattel Loans for Homes on Leased Land
Chattel loans are popular for homes located in mobile home parks or on leased land. These loans typically have faster approval but slightly higher interest rates than mortgages.
Benefits:
Great for homes not permanently attached to land
Quicker closing process
Nationwide approval depending on lender
Conventional Loans
If you have strong credit and want to finance a manufactured home on land you own (or plan to purchase), conventional loans offer competitive rates and longer terms.
Benefits:
Often lower interest rates
15–30 year terms
Chattel Manufactured Home Financing
True Home Only
This loan is for purchasing just the home only and can be used for a manufactured home.
- Minimum Credit Score 575
- Down Payment 5%
- Minimum Credit Score 550.
- Down Payment 20%
- The Maximum Loan Term is 25 Years.
- Manufactured Park or Private Land
Land in Lieu
This loan is for purchasing a home for land that is owned free and clear.
- The Minimum Credit Score 550
- Down Payment 20% – Land Equity
- The Minimum Credit Score 600
- Down Payment 10% – Land Equity
- Loan Terms: 20, 25 or 30 Years.
- Manufactured or Modular home.
Land Home
This loan is for purchasing a home on land that has a lien or in combination with purchase.
- The Minimum Credit Score 550
- Down Payment 20% – Equity/Cash
- The Minimum Credit Score 600
- Down Payment 5% – Equity/Cash
- Loan Terms: 20, 25 or 30 Years.
- Manufactured or Modular home.
TRaditional Manufactured Home Financing
FHA
HUD backed loan used for purchasing a home or as a one time close construction loan with existing or new land.
- The Minimum Credit Score 580
- Down Payment 3.5%
- Land Equity or Cash
- Loan Terms: 15, 30 Years
- Manufactured, Modular or Barndominium
This loan requires the home to be real property.
VA
VA backed loan used for purchasing a home or as a one time close construction loan with existing or new land.
- The Minimum Credit Score 580
- Down Payment 3.5%
- Land Equity or Cash
- Loan Terms: 15, 30 Years
- Manufactured, Modular or Barndominium
This loan requires the home to be real property.
Conventional
Fannie Mae / Freddie Mac backed loan be used for purchasing as a one time close construction loan with existing land or new land purchase.
- The Minimum Credit Score 680
- Down Payment 5%
- Land Equity or Cash
- Loan Terms: 15, 30 Years
- Manufactured, Modular or Barndominium
This loan requires the home to be real property.
VA
This is a Veterans Administration backed loan and can be used for purchasing or refinancing an existing home or as a one time close construction loan for purchase a new home with existing or new land. This loan requires the home to be real property and a has a maximum term of 30 years. This loan is 100% loan with no minimum down payment and a minimum credit score of 580. The one time close construction (OTC) requires a minimum credit score of 620.
USDA
This is a Department of Agriculture backed loan and can be used for purchasing of an existing home or as a one time close construction loan for purchase a new home with existing or new land. This loan requires the home to be real property and a has a maximum term of 30 years. This loan is 100% loan with no minimum down payment and a minimum credit score of 640. This loan is subject to income limits and geographical location. Manufactured homes must be new.
HUD184
Must Be a Member of a Federally Recognized Tribe
HUD loan “Native American” and can be used for purchasing as a one time close construction loan with existing land or new land purchase.
- The Minimum Credit Score 620
- Down Payment 2.25%
- Land Equity or Cash
- Loan Terms: 15, 30 Years
- Manufactured or Modular Home
This loan requires the home to be real property.
Why Buyers are Choosing Capital Home Mortgage
Close On Time
Complete Control from Application to Funding
Low Rates & Low Fees
Direct Lender with Competitive Rates & Low Fees
Exceptional Service
7 Day a Week Support Application to Final Payment
Capital Home Mortgage Team
Loan Requirements: What You’ll Need
Loan requirements vary by program and lender, but here are the general guidelines:
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✅Credit Score: 580+ for FHA, 620+ for conventional
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✅Income Verification: Recent pay stubs, tax returns
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✅Down Payment: As low as 0% with VA, 3.5% with FHA
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✅Property Type: Single-wide, double-wide, or multi-section homes may qualify
Affordable Financing for All Budgets
Our financing partners offer low down payment programs, flexible credit options, and even zero-down programs in some cases. Whether you’re buying in Florida, California, Texas, Ohio, or anywhere in between—we’ll help you find the best loan option for your budget and lifestyle.
Serving Homebuyers Across the United States
Discount Manufactured Homes proudly assists buyers in all 50 states. From coastal cities to rural communities, our loan experts will connect you with the best financing options in your area—no matter where you’re buying.
We finance:
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✅Single-section and multi-section manufactured homes
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✅Homes on private land or in manufactured home parks
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✅New and used mobile homes
Why Choose Discount Manufactured Homes?
With over two decades of experience, we’ve helped thousands of Americans find the right home and the right loan. Here’s what sets us apart:
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✅ Nationwide lender network
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✅ Transparent loan guidance
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✅ Fast pre-approvals
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✅ We work with buyers of all credit backgrounds
Start Your Loan Approval Today
Ready to buy a manufactured home? Let our team help you get pre-approved fast. We’ll walk you through the process and help you choose the right loan program—no matter your state or situation.
Contact Us or call now to speak with a financing specialist.
Frequently Asked Questions (FAQs)
1. What’s the difference between a mobile home and a manufactured home?
Manufactured homes are the modern, HUD-certified version of mobile homes, built to strict federal construction and safety standards after June 15, 1976. While the terms are often used interchangeably, manufactured homes meet higher energy efficiency and durability requirements.
2. Can I finance a manufactured home without owning land?
Yes. You can finance a manufactured home in a mobile home park or on leased land using loan options like chattel loans, FHA Title I loans, or personal property financing. These loans are designed for buyers who don’t own the land but still want homeownership.
3. Do manufactured homes qualify for a traditional mortgage?
They can—if the home is permanently installed on a foundation and located on land you own. In these cases, buyers may qualify for conventional mortgages, FHA loans, VA loans, or USDA loans, depending on their credit and income.
4. How long does manufactured home financing approval take?
Financing approval usually takes 2 to 4 weeks once your application and documents are submitted. Timelines vary based on the lender, loan type, and complexity of the transaction.