Bank Loans Manufactured Homes

We offer financing for Manufactured and Mobile Homes where the land on which the home is placed is not offered as collateral for the loan. The Manufactured or Mobile Home may be located in Manufactured and/or mobile home parks/communities or sited on private property.

Financing options for manufactured homes are limited and expensive, which has sparked calls for reform.

Highlights for Refinancing Modular and Manufactured Homes. Many people who own a mobile home or modular home find that it one of the most affordable ways to own your own home. One thing that can make a big difference on your payment each month is whether you choose to refinance the mobile or modular home with a personal loan or a mortgage loan.

Financing is challenging for any homeowner, and that’s especially true when it comes to mobile homes and some manufactured homes. These loans aren’t as plentiful as standard home loans, but they are available from several sources and government-backed loan programs can make it easier to qualify and keep costs low.

A bank may offer traditional mortgage financing for a manufactured home if you need funds to purchase both the home and the land. But if you’re renting the lot and only need financing for the home, your only option may be a chattel loan, which is a personal property loan that can be used to purchase a manufactured home.

Chattel loans are personal property loans secured by a manufactured home and offered in bank-approved manufactured housing parks. They are fixed rate.

A Manufactured Home is a wonderful opportunity to own a home. These homes are affordable and are located in local manufactured home communities in our area. Harford Bank understands how this type of housing offers our customers an option in homeownership. A Manufactured Home Loan takes a 1st lien on an owner-occupied home that is located in a manufactured home community.

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For over 50 years triad financial services, Inc. has provided extraordinary service in Manufactured Home lending to help home owners reach their dream. Dealers and Realtors alike trust Triad for world class professionalism and finding competitive rates that help their customers and clients get financing. Learn More