Mobile Home Loan Program
The Mobile Home Loan Program caters to
those looking to buy mobile homes in parks
or on private land.
It offers financing for new and used mobile
homes with flexible terms and competitive
rates, aimed at making mobile home
ownership more accessible.
Scenarios and Potential Applicants:
- First-time buyers in search of affordable housing.
- Individuals or families seeking a minimalist lifestyle.
- Those interested in mobile home community living or owning a cost-efficient vacation home.
Requirements:
- Flexible credit score criteria depending on the lender.
- Variable down payment options, including low down payments for eligible buyers.
- Mobile homes must meet lender criteria for age, condition, and foundation.
- Income and employment verification to confirm loan repayment capability.