Financing, explained.
Manufactured home financing is different from a traditional mortgage — usually simpler, with lower down payments. Here's how it works.
The short version
Most of our buyers finance with a chattel loan (sometimes called a personal property loan) — designed specifically for manufactured homes on leased land. Down payments typically start at 5%, terms run 15–25 years, and approvals can come back in days, not weeks.
For some homes and credit profiles, FHA Title I or conventional loans may also work. We'll help you figure out the best fit.
Loan types we see most
Chattel loan
The most common path for manufactured homes on leased lots. The home itself is the collateral.
- Down payment: 5–20%
- Term: 15–25 years
- Approval: typically 3–7 business days
- Credit: works with a wider range of credit profiles than a traditional mortgage
FHA Title I
A government-backed loan for manufactured homes — often available with lower credit scores and competitive rates.
- Down payment: as low as 5%
- Term: up to 20–25 years
- Eligibility requirements apply — talk to a lender to confirm
Cash purchase
Skip the loan, skip the interest. Cash buyers often close in under a week.
A simple example
Buying a $78,500 home with a chattel loan, 10% down, 20-year term
* Rough illustration only. Actual payment depends on interest rate, credit profile, and lender. Talk to a lender for a real estimate.
What to expect, step by step
- Pre-qualification (1–2 days). A soft credit check and a quick conversation about your income and goals. No commitment.
- Pick a home. Tour with our team. Make sure it fits your budget and your life.
- Application + approval (3–7 days). Hard credit pull, income verification, lender approval.
- Community application. Standard background check to confirm you're a fit for community living.
- Close + move in (1–2 weeks). Sign, get keys, get a welcome packet.
Ready to get pre-qualified?
It takes about 10 minutes and won't affect your credit score.
Talk to our Sales Team