Chattel Financing
Manufactured Home Chattel Loans
A chattel loan finances the manufactured home itself, not the land. That makes it the practical financing path for many mobile homes in parks and leased-land communities.
What is a chattel loan?
Chattel means personal property. In manufactured home financing, a chattel loan is a loan secured by the home itself instead of by land.
If your home sits in a mobile home park or manufactured home community, you typically lease the lot from the community and own the home. That is exactly the scenario chattel lending was built for.
MH Services acts as a consumer lending broker. We review your situation and help match you with lender programs that finance manufactured homes on leased land.
Why borrowers use chattel loans
Soft credit check to start
Purchase and refinance options
Single-wide and double-wide homes
Terms commonly available up to 25 years
No land survey or title insurance on the lot
Designed for homes in parks and communities
The right loan depends on what you own.
A traditional mortgage can be the right fit when land is part of the real estate. A chattel loan is often the right fit when the home is in a community and the land is leased.
We do not treat chattel loans like an exception.
Chattel lending is the center of MH Services. Our process, application flow, documentation, and lender matching are built for manufactured home borrowers from the first click.
Your Home Is Waiting
Take the first step today. Our team is ready to help you find the right loan for your manufactured home.