Can I get a  loan for a mobile home?

FHA and conventional loans can both finance manufactured homes, but these two options are not identical. There are important distinctions to consider.  Looking for mobile home insurance go here…

FHA Loans vs. Conventional

Some conventional mobile and manufactured home lenders advertise down payments “as low as 5%.” However, these lenders may also require mortgage insurance with that 5% down.

FHA home loans for mobile, modular, and manufactured homes include a 3.5% down payment for those who qualify with FICO scores that meet FHA and lender standards. Mortgage insurance is typically required for all such FHA mortgages.

Some conventional manufactured home loans advertise “no land required.” FHA loans can allow you to purchase land to place your home on if you don’t own it already, but if you choose to rent a lot instead, the rental agreement must meet FHA standards to protect the borrower.  Read more here……

What lenders can consider you for a loan in Alabama and Florida. Here are some.

🏡 Specialized Manufactured/Mobile Home Lenders

21st Mortgage Corporation

• What they do: National leader in manufactured & mobile home loans. 21st Mortgage

• Website: https://www.21stmortgage.com/

• Phone: 800-955-0021 (Customer service/loan support) 21st Mortgage

Five Star Credit Union

• What they do: Local credit union offering manufactured home loans among other financing. Five Star Credit Union

• Website: https://www.fivestarcu.com/

• Phone: (888) 619-1711 (Manufactured lending team available) Five Star Credit Union

CIS Home Loans

• What they do: Manufactured & chattel lending; full mortgage services. CIS Home Loans

• Website: https://cishomeloans.com/

• Phone: (205) 430-8250 CIS Home Loans

Triad Financial Services

• What they do: National mobile & manufactured home financing; refinancing options too. Triad Financial+1

• Website: https://www.triadfs.com/

• Phone: (800) 522-2013 (General contact/refinance line) Triad Financial

🏦 Local Alabama Mortgage Lenders & Brokers

These lenders may offer manufactured home financing depending on the loan program, especially if the home is on land you own or qualifies for traditional mortgage products (FHA/VA/etc.).

Hometown Lenders, Inc.

• Website: https://htlenders.com/

• Phone: 256-828-8883 (Huntsville office) Hometown Lenders

Alabama Home Mortgage Loans, Inc.

• Website: https://www.myalabamahomemortgage.com/

• Phone: Check website for local contact info (typically listed onsite)

Classic Home Mortgage, Inc.

• Website: http://www.fundinghomedreams.com/

• Phone: Listed on site (office line)

Michael Bruno – MortgageBanc

• Website: http://mortgagebancllc.com

• Phone: Listed on site (office line)

Novus Home Mortgage

• Website: https://www.novushomemortgage.com/branches/huntsville-branch/

• Phone: (844) 337-2548 (Toll free) Novus Home Mortgage

Welcome Home Mortgage

• Website: https://welcomehomemortgageal.com/

• Phone: Contact via website or Facebook page (commonly listed in profile) Facebook

Other Alabama Mortgage Contacts

(Good to check with these, as many brokers will assist or refer for mobile home financing)

• Allen Mortgage – http://www.allenmtg.com

• SMG Mortgage – http://www.SMGmortgage.com

• FiT Mortgage – http://www.fitmtg.com

• First Lenders Mortgage – http://www.firstlenders.com

• Method Mortgage – https://methodmortgage.com

• The Clear To Close Team – http://www.cleartoclose.com/

• Mark Achuff – Birmingham Mortgage Group – https://www.bhammortgage.com

• Mortgage Corporation of the South – https://www.mcsloans.com

💡 Tips for Calling Lenders

• Ask specifically if they offer manufactured/mobile home loans (some only do traditional mortgage products unless the home is on owned land).

• For homes not on owned land, lenders like 21st Mortgage, CIS, Triad, or Five Star CU are often more familiar with chattel or HUD Title I/II financing. 21st Mortgage+1

For more help give me a call.

Phil Nash
Broker Associate
251.363.1692