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Cellular and manufactured houses can supply an inexpensive path to homeownership. However simply because they arrive with cheaper price tags than historically constructed houses doesn’t imply you must foot the invoice solely your self.
As with commonplace properties, there are numerous loans that may allow you to finance the price of your cell or manufactured dwelling. From government-backed and traditional mortgages to chattel loans and even private loans, you will have a number of choices to fund the sort of dwelling.
Should you’re trying to purchase a cell dwelling or manufactured dwelling, listed here are the most effective lenders that can assist you do it.
What to learn about cell dwelling loans
- There are various sorts of manufactured and cell dwelling mortgage choices, together with typical mortgages, government-backed mortgages, private loans, chattel loans and extra.
- The precise sort of mortgage will rely upon the kind of property you’re shopping for, its location and the 12 months it was constructed.
- Necessities for cell dwelling loans can differ broadly, and a few lenders permit credit score scores as little as 500.
How we selected our prime picks
Cash reviewed over 20 cell dwelling and manufactured dwelling mortgage lenders all through the U.S., utilizing publicly out there knowledge, lender web sites and lender representatives to substantiate knowledge accuracy. We then used elements reminiscent of product selection, dwelling and land necessities, credit score necessities, repute and geographic availability to attain every lender on a one-to-five scale. What you see beneath are the highest firms that emerged.
Please learn our full methodology to be taught extra about our strategy.
Our prime picks for the most effective cell dwelling loans of June 2025
- Huge mortgage selection and excessive mortgage quantities
- Low credit score rating and down cost minimums
- Versatile land and property necessities
- Serves all 50 states
- Nice critiques and scores
- Cellular dwelling mortgage data is sparse on its web site
- No marketed rates of interest
HIGHLIGHTS
- Mortgage merchandise
- Standard, FHA, VA, USDA, non-QM, chattel, dwelling and land loans
- Most mortgage quantity
- $3.5 million
- Phrases
- 10-30 years for fixed-rate loans, 3-10 years for adjustable-rate loans
- Credit score rating minimal
- 500
- States served
- 50
- Residence necessities
- Major residences, second houses, funding properties, new houses, used houses, everlasting basis, non-permanent basis
- Land necessities
- Owned land, leased land
Why we selected it: CrossCountry Mortgage is the clear winner for finest cell dwelling lender, scoring an ideal 5 out of 5 on our score scale. The lender boasts all kinds of loans and excessive mortgage quantities, plus versatile credit score, down cost, property and land necessities. It serves all 50 states, too. Its scores are additionally notable, with a whopping 5 stars on over 22,000 buyer critiques on Zillow.
- A number of mortgage choices
- Low credit score rating necessities
- Versatile land and property necessities
- Nice critiques and scores
- Solely serves 40 states
- No marketed rates of interest
- No typical loans
HIGHLIGHTS
- Mortgage merchandise
- FHA, VA, chattel, construction-to-permanent, home-and-land loans
- Most mortgage quantity
- Not disclosed
- Phrases
- As much as 30 years
- Credit score rating minimal
- 575
- States served
- 40
- Residence necessities
- Major residences, second houses, funding properties, new houses, used houses, everlasting basis, non-permanent basis
- Land necessities
- Owned land, leased land
Why we selected it: Cascade Mortgage scores a strong 4.5 out of 5 on our score scale — the second-highest rating out of all cell dwelling lenders we analyzed. The corporate provides versatile dwelling, credit score and property necessities, and its scores and critiques are robust. Should you’re trying to finance land as a part of your private home buy, it’s a top-notch alternative. The lender’s LandSmart portfolio mortgage allows you to buy your private home and land concurrently, or in the event you’re hoping to construct a property on land you’re shopping for, its construction-to-permanent mortgage is one other strong possibility.
- Deep expertise in cell dwelling lending
- Versatile land and property necessities
- Low credit score rating minimal
- Nice critiques and scores
- Solely serves 46 states
- No marketed rates of interest
- No government-backed mortgages
HIGHLIGHTS
- Mortgage merchandise
- Residence-only loans, home-and-land loans, refinancing
- Most mortgage quantity
- Not disclosed
- Phrases
- As much as 25 years for home-only loans; as much as 30 years for home-and-land loans
- Credit score rating minimal
- 575
- States served
- 46
- Residence necessities
- Major residences, second houses, funding properties, new houses, used houses, everlasting basis, non-permanent basis
- Land necessities
- Owned land, leased land
Why we selected it: You may’t discover a lender extra skilled in cell dwelling lending than 21st Mortgage. The lender has issued probably the most cell and manufactured dwelling loans by quantity for the final 14 years working, in line with the Manufactured Housing Institute, and judging by its critiques and scores, twenty first has its buyer expertise down. The lender boasts an A+ score with the Higher Enterprise Bureau and a 4.7 score on Google, and it may possibly even present insurance coverage to your new dwelling.
- Huge mortgage selection
- Excessive mortgage quantities
- Serves all 50 states
- Nice critiques and scores
- Increased credit score rating minimal than different lenders analyzed
- No leased land or cell dwelling parks
- No non-permanent foundations
HIGHLIGHTS
- Mortgage merchandise
- FHA, VA, USDA, jumbo, development, cash-out, rehab/renovation, dwelling fairness
- Most mortgage quantity
- $3 million
- Phrases
- As much as 30 years
- Credit score rating minimal
- 640
- States served
- 50
- Residence necessities
- Everlasting basis required
- Land necessities
- Owned land, no leased land or cell dwelling parks
Why we selected it: Manufactured Nationwide’s lineup of mortgage choices is unmatched, providing a slate of government-backed loans, jumbo loans and even renovation and residential fairness choices. It additionally offers as much as $50,000 in additional funding (earlier than or after closing) and serves clients nationwide. Simply take be aware: Manufactured Nationwide doesn’t permit for rented or cell dwelling park land, so that you’ll have to personal or buy land to make use of this lender.
- Huge mortgage selection
- Versatile land and property necessities
- No mortgage maximums
- No government-backed mortgage choices
- Increased credit score rating minimal than different lenders analyzed
- Solely serves 41 states
- Buyer critiques might be higher
HIGHLIGHTS
- Mortgage merchandise
- Residence-only loans, home-and-land loans, refinancing, dwelling fairness, cash-out
- Most mortgage quantity
- No most
- Phrases
- 20-25 years
- Credit score rating minimal
- 660
- States served
- 41
- Residence necessities
- Major residences, second houses, trip properties, new houses, used houses, everlasting basis, non-permanent basis
- Land necessities
- Owned land, leased land
Why we selected it: Should you already personal a house and are in search of choices, Credit Human has them. You may refinance your current mortgage, take money out of your private home, and even get a house fairness mortgage along with your first mortgage. Each owned and leased land is allowed, and you may finance main residences, second houses and trip properties.
- Low credit score rating minimal
- Nice critiques and scores
- Quick closing occasions
- Solely serves 49 states
- No chattel loans
HIGHLIGHTS
- Mortgage merchandise
- FHA, VA, USDA, typical
- Most mortgage quantity
- Not disclosed
- Phrases
- As much as 30 years
- Credit score rating minimal
- 540
- States served
- 49
- Residence necessities
- Not disclosed
- Land necessities
- Not disclosed
Why we selected it: Other than our prime total winner, Guild Mortgage has the next-lowest credit score rating minimal out of all of the lenders we analyzed, requiring a mere 540 to qualify. The lender additionally boasts robust buyer critiques (5 stars on Zillow), serves clients in 49 states and provides a 17-day categorical closing in the event you’re on a good timeline.
Different firms we thought-about
Rocket Mortgage: Rocket Mortgage will get consideration in any “better of” mortgage listing we publish, however on the subject of cell dwelling loans, its choices simply don’t measure up. The net lender’s mortgage choices are restricted to solely FHA, VA and traditional loans, which can not work for a lot of cell dwelling consumers.
CIS Home Loans: CIS Residence Loans has loads going for it, boasting all kinds of mortgage choices and powerful buyer critiques. Its restricted geographic footprint, although — simply 26 states — and its owned-land-only requirement (no leased land or cell dwelling parks) are what held it again from getting acknowledged.
What you should learn about cell dwelling loans
Financing a cell dwelling or manufactured dwelling buy is a bit totally different than it’s together with your typical property. Not all lenders will let you buy these kind of houses, so that you’ll should be picky about what mortgage firm you determine to work with.
There are additionally quite a lot of totally different mortgage choices on this house, and the kind of dwelling you’re eyeing — to not point out, its options and placement (in a cell dwelling park, on land you personal, and so forth.) — can decide what sorts of loans you need to use to purchase it.
This is what you should learn about cell dwelling loans earlier than diving in.
Forms of cell houses
There are a number of sorts of “cell houses” you may contemplate shopping for. First, there are cell houses and manufactured houses. These are very related, however for lending functions, the date they have been constructed differentiates them.
Along with these, there are additionally park mannequin houses, that are cell/moveable properties you possibly can transfer from cell dwelling park to cell dwelling park as desired.
Right here’s a bit extra about every of those:
- Cellular dwelling: These are factory-built houses manufactured earlier than June 15, 1976 — the date the U.S. Division of Housing and City Growth (HUD) instituted new constructing laws. Houses constructed earlier than that date are ineligible for most traditional mortgages. Should you’re contemplating shopping for one, you could want to make use of a chattel mortgage, private mortgage or vendor financing, if it’s out there.
- Manufactured dwelling: A manufactured house is a cell dwelling that was constructed after June 15, 1976. This implies they meet HUD’s new constructing necessities and are due to this fact eligible for many main mortgage mortgage applications.
- Park mannequin houses: Park mannequin houses are properties which might be technically thought-about automobiles, as they’re small, movable and moveable. They need not meet HUD regulation requirements and don’t qualify for conventional mortgages. You’ll often want to make use of a chattel mortgage, private mortgage or different sort of financing to purchase these properties.
Forms of cell dwelling loans
Relying on what sort of cell dwelling you’re shopping for, you might have numerous financing choices at your disposal.
Typical mortgage choices embrace:
- Conventional mortgages: These are mortgages you’ll use to buy a cell dwelling that’s already constructed. They embrace typical, Federal Housing Administration (FHA), Veterans Affairs (VA) and Division of Agriculture (USDA) loans.
- Development mortgages: Should you’re trying to construct your manufactured dwelling to your particular liking, the sort of mortgage will help. It covers the prices of the house’s development and land preparation in phases.
- Private loans: Private loans are an alternative choice you need to use to buy cell or manufactured houses, although they might include decrease mortgage limits than conventional mortgage merchandise. You’ll often want nice credit score; in any other case, you’ll face excessive rates of interest.
- Chattel loans: Chattel loans can be utilized to finance movable property, reminiscent of a park mannequin dwelling or perhaps a piece of equipment or tools. You can’t use chattel loans to buy land.
- Vendor financing: Should you’re buying a cell dwelling or manufactured dwelling from a earlier proprietor, they might allow you to pay them for the property in set funds (plus curiosity) over time. That is known as vendor financing, and whereas it sounds good, be cautious — see the “Latest news” part beneath to seek out out why!)
Should you’re not sure what one of the simplest ways to finance your private home buy is, you possibly can speak to a monetary advisor or mortgage dealer. They’ll level you in the precise course to your targets and property sort.
The way to qualify for a cell dwelling mortgage
The necessities you’ll want to fulfill for a cell or manufactured dwelling mortgage rely upon the lender you select and the kind of mortgage program you’re utilizing. With conventional mortgages, you’ll want to fulfill particular credit score rating, debt-to-income (DTI) and loan-to-value ratios, and also you’ll usually want to supply a down cost, too.
With others, you could want to fulfill particular dwelling and land necessities (for instance, you may have to already personal the land you’re shopping for a house on, otherwise you may have to buy a brand new property or one with a everlasting basis).
Typically talking, you’ll want wherever from a 500 to a 680 credit score rating and a down cost of zero to 35%. In some instances, you could possibly use the land you’re shopping for or constructing on as collateral in lieu of a down cost. You’ll often want a minimum of a 50% DTI or decrease to make sure you can also make your funds.
Newest information in cell dwelling lending
Selecting your cell or manufactured dwelling lender fastidiously is essential, in gentle of a current examine from the Pew Charitable Trusts. In keeping with the non-profit analysis group, lenders deny about 40% to 64% of financing functions for these kind of properties, forcing many consumers — round 20% of them — into dangerous contracts with sellers and different events. These contracts include no federal or state protections, making it exhausting to personal your private home legally.
Should you’re unable to discover a reliable lender to finance your cell dwelling buy, you may discover different choices for changing into a home-owner. Tiny houses, for instance, supply an analogous small-footprint way of life with a cheaper price tag than conventional single-family houses (simply be cautious of the growing pains they will include). Rent-to-own homes are additionally again from the useless and might be an alternative choice to contemplate.
You may as well work in your monetary profile earlier than making use of for a mortgage, which may assist your probabilities of approval. Pay down your money owed to cut back your DTI (these are some popular methods you can use), or ask your landlord to report your on-time rent payments to credit bureaus. This could enhance your credit score rating if it’s less than what lenders are looking for.
Finest cell dwelling mortgage FAQs
Is it more durable to get a mortgage for a cell dwelling?
It may be more durable to get a mortgage for a cell dwelling than a standard home, as many lenders don’t supply loans for these kind of properties. For presidency-backed and traditional loans, your private home and property might want to meet sure necessities. You might also have to discover different financing choices like chattel loans or private loans.
Can you utilize an FHA mortgage for a cell dwelling?
Cellular houses are usually not eligible for FHA loans, however manufactured houses are. A real cell house is one constructed earlier than June 15, 1976, when the U.S. Division of Housing and City Growth formally set requirements for establishing these properties. If a “cell dwelling” was constructed after this date, it’s technically thought-about a “manufactured dwelling” and could be eligible for FHA financing.
What credit score rating do you want for a cell dwelling mortgage?
That depends upon the lender and mortgage product you’re utilizing, however some lenders permit for credit score scores as little as 500. For many government-backed loans, you possibly can anticipate to want a minimum of a 580 credit score rating or greater.
What’s the finest lender for manufactured and cell houses?
The perfect lender for cell and manufactured houses is CrossCountry Mortgage. Cascade Mortgage, twenty first Mortgage, Manufactured Nationwide, Credit score Human and Guild Mortgage are additionally sensible choices.
Methodology
We evaluated almost two dozen cell dwelling mortgage lenders nationwide, gathering knowledge on product phrases, qualifying necessities, rates of interest, availability, repute and different elements to zero in on the most effective ones. Lenders have been rated on a one-to-five scale primarily based on six classes: mortgage choices (20%), credit score rating necessities (15%), land necessities (15%), geographic availability (15%), property necessities (20%) and scores/critiques (15%).
We prioritized firms that:
- Have robust buyer critiques and good scores with the Higher Enterprise Bureau
- Supply quite a lot of mortgage merchandise, together with government-backed mortgages
- Boast a broad geographic footprint, permitting extra debtors entry to their merchandise
- Are versatile of their borrowing necessities, permitting you to buy houses with each everlasting and non-permanent foundations, new and used houses, and houses on each leased and owned lands. Lenders permitting you to finance a land buy with your private home have been additionally prioritized.