Can I get a mortgage on a mobile home?
Answered by Onias Derilus, Mortgage Capital · NMLS# 1859012 · Florida licensed mortgage broker
It depends on age and status. Pre-1976 'mobile homes' generally don't qualify for traditional mortgages, but post-1976 HUD-code manufactured homes permanently affixed and titled as real property do, through FHA, VA, USDA, or conventional.
If it's still titled as a vehicle, you'd convert it to real property first. We'll check the home's specifics and tell you whether mortgage financing is available.
It depends on the setup
You can get a mortgage on a mobile or manufactured home if it is permanently attached to land you own and titled as real property. If it sits in a park on rented land, a standard mortgage usually is not available.
The key is whether the home is legally treated as real estate.
Alternatives
For a home on leased land, a personal property or chattel loan may be an option instead of a mortgage. Converting the title to real property can open up mortgage financing.
We will look at your specific situation. Apply now and we will find the right loan.
Verify the details for your own situation against these government and agency sources: CFPB Owning a Home guide and HUD homebuyer resources.