Pre-Owned Mobile Home Loans
Loans for pre-owned mobile and manufactured homes built after June 15, 1976, whether you are buying from a dealer or a private seller.
Program terms at a glance
- APR as low as
- 9.423%
- Interest rate as low as
- 9.25% fixed
- Minimum down payment
- 10%
- Loan terms
- 7, 10, 15, 20 years
- Loan amounts
- $10,000 – $150,000
- Typical minimum credit score
- 600
Representative example: Example: a $85,000 purchase price with $12,750 down (15%) is a loan amount of $72,250, repaid in 180 monthly payments of $743.59 (final payment $744.26) at a 9.25% fixed interest rate, 9.423% APR. The APR includes $722.50 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.
Financing for pre-owned homes
A pre-owned home can be the most affordable path to owning your home. We finance used manufactured homes bought from dealers, communities and private sellers, as long as the home meets our eligibility guidelines.
Eligibility basics
- The home must be built on or after June 15, 1976 and carry its HUD certification label
- The home must be in good condition and pass our inspection or appraisal
- The title must be clear and transferable to you at closing
- Older homes may qualify for shorter terms or need a larger down payment
Why the terms differ from new-home loans
Pre-owned homes vary more in condition and value than new homes, so terms are usually shorter and the down payment higher. The calculator above uses the actual terms we offer for pre-owned homes.
Buying from a private seller
We can handle private-party purchases. We verify the title, pay the seller at closing and record our lien, which protects both you and the seller.
Estimated monthly payment
Principal & interest
$765.39
- Loan amount
- $72,250
- Down payment
- $12,750
- Number of payments
- 180
- Est. total monthly cost
- $765.39
- Total interest
- $65,520
- Finance charge
- $66,243
- Total of payments
- $137,770
Example: a $85,000 purchase price with $12,750 down (15%) is a loan amount of $72,250, repaid in 180 monthly payments of $765.39 (final payment $765.25) at a 9.75% fixed interest rate, 9.926% APR. The APR includes $722.50 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 | $6,946 | $2,239 | $70,011 |
| 2 | $6,718 | $2,467 | $67,545 |
| 3 | $6,466 | $2,718 | $64,826 |
| 4 | $6,189 | $2,996 | $61,830 |
| 5 | $5,884 | $3,301 | $58,529 |
| 6 | $5,547 | $3,638 | $54,892 |
| 7 | $5,176 | $4,009 | $50,883 |
| 8 | $4,767 | $4,418 | $46,465 |
| 9 | $4,317 | $4,868 | $41,597 |
| 10 | $3,820 | $5,364 | $36,233 |
| 11 | $3,273 | $5,912 | $30,321 |
| 12 | $2,670 | $6,514 | $23,807 |
| 13 | $2,006 | $7,179 | $16,628 |
| 14 | $1,274 | $7,911 | $8,717 |
| 15 | $467 | $8,717 | $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.