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.