What Credit Score Do You Need for a Mobile Home Loan?

Short answer: there's no single minimum. Many manufactured home lenders look for scores in the high 500s to low 600s, and FHA Title II loans allow 3.5% down with a score of 580 or higher. A higher score usually means a lower rate and a smaller required down payment. A lower score doesn't automatically disqualify you, especially with a larger down payment.

How your score affects your loan

Lenders group borrowers into credit tiers. Each tier carries a different rate, and sometimes a different minimum down payment. You can see our current tiers and how they change the rate on our rates page, and test them in the calculator.

What lenders look at besides your score

• Payment history: especially rent, housing and installment loans in the last 12–24 months
• Income stability: steady employment, benefits or other verifiable income
• Debt-to-income ratio: how much of your monthly income goes to debts, including the new payment and lot rent
• Down payment: more money down offsets credit risk
• The home: its age, condition and value

Five ways to improve your chances

1. Check your credit reports for free at AnnualCreditReport.com and dispute any errors.
2. Pay every bill on time from now until closing. Recent history matters most.
3. Lower your credit card balances. Using less of your available credit can raise your score quickly.
4. Avoid new credit, such as car loans or new cards, before and during your application.
5. Save a larger down payment if your score is below the tier you want.

Does prequalifying hurt my credit?

Not with us. Prequalifying uses only the information you provide and doesn't involve a credit check. A credit report is pulled only when you submit a full application and give your permission.

This guide is general information, not financial or legal advice. Loan programs, requirements and rates change; contact us for terms that apply to you.