Land & Home Loans
Finance a manufactured home together with the land it sits on as real property, with a long-term fixed rate.
Program terms at a glance
- APR as low as
- 6.848%
- Interest rate as low as
- 6.75% fixed
- Minimum down payment
- 5%
- Loan terms
- 15, 20, 25, 30 years
- Loan amounts
- $40,000 – $500,000
- Typical minimum credit score
- 620
Representative example: Example: a $85,000 purchase price with $8,500 down (10%) is a loan amount of $76,500, repaid in 360 monthly payments of $496.18 (final payment $493.13) at a 6.75% fixed interest rate, 6.848% APR. The APR includes $765.00 in prepaid finance charges. Payment shown is principal and interest only and does not include taxes, insurance or lot rent. Rates as of October 8, 2026.
One loan for the home and the land
A land-and-home loan finances the manufactured home and the land beneath it together. The home is placed on a permanent foundation and titled as real property, so the loan works much like a traditional mortgage.
Requirements
- The home must be on a permanent foundation that meets program guidelines
- You must own the land, or buy it as part of the same transaction
- The home's vehicle title is surrendered so the home and land are recorded together as real estate
Benefits
- Longer terms and generally lower rates than home-only loans
- You build equity in both the home and the land
- Land you already own can often count toward your down payment
Already own land?
If you own your land outright, its equity may cover some or all of your down payment. Tell us about your land when you prequalify.
Estimated monthly payment
Principal & interest
$521.86
- Loan amount
- $76,500
- Down payment
- $8,500
- Number of payments
- 360
- Est. total monthly cost
- $521.86
- Total interest
- $111,376
- Finance charge
- $112,141
- Total of payments
- $187,876
Example: a $85,000 purchase price with $8,500 down (10%) is a loan amount of $76,500, repaid in 360 monthly payments of $521.86 (final payment $527.82) at a 7.25% fixed interest rate, 7.351% APR. The APR includes $765.00 in prepaid finance charges. Payment shown is principal and interest only and does not include taxes, insurance or lot rent.
Prequalify with these numbersYear-by-year amortization
| Year | Interest | Principal | Balance |
|---|---|---|---|
| 1 | $5,522 | $740 | $75,760 |
| 2 | $5,466 | $796 | $74,964 |
| 3 | $5,407 | $856 | $74,108 |
| 4 | $5,343 | $920 | $73,189 |
| 5 | $5,274 | $989 | $72,200 |
| 6 | $5,200 | $1,063 | $71,137 |
| 7 | $5,120 | $1,142 | $69,995 |
| 8 | $5,034 | $1,228 | $68,767 |
| 9 | $4,942 | $1,320 | $67,447 |
| 10 | $4,843 | $1,419 | $66,028 |
| 11 | $4,737 | $1,525 | $64,503 |
| 12 | $4,623 | $1,640 | $62,863 |
| 13 | $4,500 | $1,763 | $61,101 |
| 14 | $4,368 | $1,895 | $59,206 |
| 15 | $4,226 | $2,037 | $57,169 |
| 16 | $4,073 | $2,189 | $54,980 |
| 17 | $3,909 | $2,353 | $52,627 |
| 18 | $3,732 | $2,530 | $50,097 |
| 19 | $3,543 | $2,719 | $47,377 |
| 20 | $3,339 | $2,923 | $44,454 |
| 21 | $3,120 | $3,142 | $41,312 |
| 22 | $2,884 | $3,378 | $37,933 |
| 23 | $2,631 | $3,631 | $34,302 |
| 24 | $2,359 | $3,903 | $30,399 |
| 25 | $2,066 | $4,196 | $26,203 |
| 26 | $1,752 | $4,511 | $21,692 |
| 27 | $1,414 | $4,849 | $16,844 |
| 28 | $1,050 | $5,212 | $11,631 |
| 29 | $660 | $5,603 | $6,029 |
| 30 | $240 | $6,029 | $0 |
Rates as of October 8, 2026. Rates, APRs and terms are subject to change without notice and are subject to credit approval, home eligibility and verification. Payments shown are estimates of principal and interest only and do not include property taxes, insurance, lot rent or other fees, so your actual payment will be higher. This is not a commitment to lend. All loans are fixed-rate.
Common questions
What is the difference between a chattel loan and a mortgage?
A chattel (home-only) loan finances the manufactured home as personal property, without the land. It is used for homes in land-lease communities or on land you don't own. A mortgage, or land-and-home loan, finances the home and the land together as real property. Mortgages usually have longer terms and lower rates; chattel loans close faster and have lower closing costs.
How much down payment do I need for a mobile home?
Down payments for home-only loans usually start around 5% for new homes and 10% or more for pre-owned homes. Land-and-home loans can start lower. If you own your land, its equity may count toward your down payment. The calculator shows the minimum down payment for each program.
Can I finance a used mobile home?
Yes. We finance pre-owned manufactured homes built on or after June 15, 1976, when the federal HUD Code took effect. The home must be in good condition with a clear title. Older homes may need a larger down payment or a shorter term.
Can I get a loan for a home in a mobile home park?
Yes. Homes in land-lease communities are financed with home-only (chattel) loans. We review the community's lease terms, and your lot rent counts toward your monthly housing cost.
How long are mobile home loan terms?
Home-only loans typically run 10 to 25 years, depending on whether the home is new or pre-owned. Land-and-home loans can run up to 30 years. A longer term lowers your monthly payment but increases the total interest you pay.
Ready to see what you qualify for?
Prequalifying takes about 3 minutes. No credit check, no Social Security number, no obligation.