Chattel Loan
Chattel loans are the most common financing option for manufactured homes placed on leased land or sold as home-only. They offer faster approvals, flexible credit options, and simpler requirements, making them a popular choice for many homebuyers.
FHA Loan
FHA loans are a popular option for buyers financing a manufactured or modular home with land. Backed by the Federal Housing Administration, they offer low down payments, flexible credit requirements, and affordable terms, making homeownership more accessible for many families.
Conventional Loan
Conventional loans are a strong option for manufactured and modular homes placed on a permanent foundation and titled as real property. They offer competitive rates and flexible terms, especially through programs like Fannie Mae’s MH Advantage and Freddie Mac’s CHOICEHome.
VA Loan
VA loans offer eligible veterans and service members a no-down-payment option for manufactured or modular homes placed on a permanent foundation. With competitive rates and strong protections, VA financing makes homeownership more accessible for those who have served.
Land-In-Lieu Loan
Land-in-Lieu loans let buyers use the value of their land as the down payment on a manufactured or modular home. Instead of paying cash upfront, your land equity is applied toward the purchase, making it easier to finance a new home without a large out-of-pocket cost.
Trade-ins
Trade-ins let buyers apply the value of their current manufactured home toward the purchase of a new one. By using your existing home as credit, you can reduce upfront costs and make upgrading into a newer, more comfortable home easier and more affordable.
