Mike Ault
Elite Member
- Joined
- Sep 23, 2004
- Professional Status
- Certified Residential Appraiser
- State
- Texas
Mobile homes can be one of two things: a manufactured home built before the above-mentioned 1976 date or an actual mobile home (on wheels) that you can travel in.
In most cases, these homes are considered “personal property” and are not eligible for traditional financing. You’ll likely need what’s called a “chattel loan” or personal loan to finance the purchase of a mobile home. This is what we refer to as “mobile home financing” or “mobile home loans” in this guide.
lendedu.com
In most cases, these homes are considered “personal property” and are not eligible for traditional financing. You’ll likely need what’s called a “chattel loan” or personal loan to finance the purchase of a mobile home. This is what we refer to as “mobile home financing” or “mobile home loans” in this guide.
Mobile Home Loans to Finance Mobile & Manufactured Homes
Getting mobile home financing can be more challenging than a traditional mortgage, so it's worth considering all available options.