Mobile Home Loans & Financing in California
Compare manufactured home lenders and find the best loan rates — FHA, chattel loans, land-home packages, and more
Lender Directory
Lenders: Get Listed
Zachary Waldon - KDM Team
Loan Officer & Director of Investor & Construction Lending at KDM Team - Patriot Pacific Financial Corp. Financing Homes, Building Dreams. NMLS #26609004 | DRE #02271381
Click to enlarge
Financing Options
Chattel Loans
For homes in leased-land communities (mobile home parks)
FHA/VA Loans
Government-backed loans for qualified buyers
Competitive Rates
Compare multiple lenders to find the best terms
Frequently Asked Questions
Most lenders require a minimum credit score of 575-620 for manufactured home loans. However, some specialized lenders work with borrowers who have lower scores. A higher credit score typically means better interest rates and loan terms. FHA loans may have more flexible requirements for qualified buyers.
A chattel loan finances the home itself as personal property, typically used when the home sits on leased land (like in a mobile home park). A traditional mortgage finances both the home and land together as real property. Chattel loans usually have slightly higher interest rates but are faster to process and have lower closing costs.
Down payment requirements vary by lender and loan type. Chattel loans typically require 5-20% down. FHA loans may require as little as 3.5% down for qualified buyers. VA loans may offer zero down payment for eligible veterans. Some lenders offer special programs with reduced down payment options.
Yes! Homes in mobile home parks are typically financed with chattel loans since you own the home but lease the land. Many lenders specialize in park financing. The park must usually be approved by the lender, and factors like park condition, management, and lease terms are considered in the approval process.
Manufactured home loans typically range from 15-30 years depending on the loan type. Interest rates vary based on credit score, down payment, and market conditions. Chattel loans often have rates 1-3% higher than traditional mortgages. Getting pre-qualified with multiple lenders helps you compare and find the best rate for your situation.
FHA loans are available for manufactured homes built after June 15, 1976 that meet HUD standards. The home must be your primary residence. VA loans are available to eligible veterans and service members for manufactured homes that meet specific requirements. Both programs have advantages including lower down payments and competitive rates.