Purchase Loans
Buy Your Manufactured Home
Purchase financing designed for manufactured homes in communities and parks. Low down payment, flexible terms, and a process built around you.
What Is a Chattel Purchase Loan?
A chattel purchase loan finances a manufactured home as personal property. If your home sits on leased land in a mobile home park or manufactured home community, this is the loan type designed for you. You finance the home itself — not the land underneath it.
This is the standard financing method for manufactured homes in communities across Arizona, California, and Texas. Your home is titled as personal property, and the loan is secured by the home itself. No land ownership is required.
MH Services has specialized in chattel purchase loans for over 30 years. We work with multiple lending partners to find the right program for your situation — whether you're buying your first manufactured home or upgrading to a newer model.
Best Fit
First-Time Park Home Buyer
You want a clear pre-qual amount and monthly payment target before shopping lots and homes.
- Soft pull pre-qualification
- Down-payment planning support
- 25-30 day average close timeline
Best Fit
Move-Up Buyer in Community
You already understand community living and want to move quickly on a better home with competitive terms.
- Multiple lender matching
- Single-wide and double-wide programs
- Structured support through conditions
Purchase Loan at a Glance
Here's what you can expect when you finance a manufactured home purchase through MH Services.
5% Minimum Down
Get into your manufactured home with as little as 5% down. Exact amount depends on the lender program and your credit profile.
10 to 25 Year Terms
Choose a loan term that fits your budget. Longer terms mean lower monthly payments, while shorter terms save on total interest.
Single & Double-Wide
Both single-wide and double-wide manufactured homes are eligible. New or pre-owned, as long as they meet HUD-code standards.
Soft Credit Pull
We start with a soft credit pull that does not affect your credit score. A hard pull only happens when you choose to move forward with a lender.
New or Pre-Owned
Financing available for both brand-new manufactured homes and pre-owned homes already set up in a community. HUD-code homes built after 1976.
25-30 Day Closings
Most purchase loans close in 25 to 30 days from complete file. We move quickly because we know you want to get into your new home.
Who Qualifies?
Every borrower's situation is different, and our lending partners each have their own programs and guidelines. Here are the general factors we look at when evaluating your application.
Credit History
We review your overall credit profile, not just a single score. Our lending partners have programs for a range of credit situations.
Stable Income
Lenders look for steady, verifiable income. This can include employment, self-employment, Social Security, disability, pension, or retirement income.
Approved Community
The manufactured home must be located in an approved mobile home park or manufactured home community on leased land.
Debt-to-Income Review
Lenders evaluate your monthly obligations compared to your income to make sure the payment is comfortable for your budget.
Down Payment
A minimum of 5% down payment is generally required. The exact amount may vary by lender program and your credit profile.
Don't Count Yourself Out
Many borrowers assume they won't qualify because they've been turned down by a bank or their credit isn't perfect. We work with multiple lending partners, and each one has different guidelines and programs.
If one lender says no, another may say yes. Our soft credit pull lets us evaluate your options without impacting your credit score, so there's no risk in finding out where you stand.
What You Can Buy
We finance a range of manufactured homes, from cozy single-wides to spacious double-wides, new or pre-owned.
Single-Wide Homes
Compact and affordable, single-wide manufactured homes are a great option for individuals, couples, and small families. Typically 600 to 1,300 square feet.
Double-Wide Homes
Spacious floor plans with multiple bedrooms and bathrooms. Double-wide homes offer the feel of a traditional home, typically 1,000 to 2,400 square feet.
New or Pre-Owned
Whether you are buying a brand-new manufactured home from a dealer or purchasing a pre-owned home already in a community, we have financing options for both.
All homes must be HUD-code manufactured homes built after June 15, 1976. The home must be located in an approved community or park on leased land. Your loan officer will confirm eligibility during the pre-qualification process.
Five Steps to Your New Home
From first click to closing day, here's exactly what to expect when buying a manufactured home.
Apply Online
Fill out a short application from your phone or computer. We ask for basic information about you, your income, and the home you want to buy. Takes about 5 minutes.
~5 minutesSoft Credit Pull
We run a soft credit pull to see where you stand. This does not affect your credit score. You will hear back from us the same day with your options.
Same-day responseLender Match
Based on your credit profile and situation, we match you with the best program from our lender network. We walk you through the terms so you know exactly what to expect.
1-2 business daysDocument Collection
Upload your documents securely through your borrower portal — pay stubs, ID, home details, and park or community information. Your loan officer will tell you exactly what is needed.
At your paceClose & Move In
We package your loan file, submit to the lender, and coordinate your closing. Most purchase loans fund in 25 to 30 days from complete file. Then the keys are yours.
25-30 daysStates We Serve
Licensed and actively lending in three states with strong manufactured home markets.
Purchase Loan FAQs
How much down payment do I need to buy a manufactured home?
Most of our lending partners require a minimum of 5% down. The exact amount can vary based on the lender program, the price of the home, and your credit profile. Your loan officer will give you a clear number during the pre-qualification process.
Can I buy a manufactured home that is already in a park?
Yes. We finance both new manufactured homes from dealers and pre-owned homes that are already set up in a community or park. The home must be a HUD-code manufactured home built after June 15, 1976, and it must be located on leased land in an approved community.
Will checking my options affect my credit score?
No. We start with a soft credit pull, which does not impact your credit score. A hard inquiry only happens later if you decide to move forward with a specific lender program. There is no risk in finding out where you stand.
How long does it take to close on a purchase loan?
Most purchase loans close in 25 to 30 days from the time we have a complete file — meaning all your documents are in and the lender has everything they need. The timeline can vary depending on how quickly documents are gathered and any conditions that need to be met.
Do I need to own the land to get a loan?
No. A chattel loan finances the manufactured home itself as personal property. You do not need to own the land. This is the standard loan type for homes in mobile home parks and manufactured home communities where the land is leased.
Helpful Resources for Buyers
Explore our guides to learn more about the manufactured home buying process and financing.
What Is a Chattel Loan?
Everything you need to know about chattel loans and manufactured home financing.
Credit & QualificationCredit Score Requirements
What credit scores lenders look for and how to improve your chances.
Financing BasicsDown Payment Options
How much do you need? Learn about minimum down payments and saving strategies.
Home BuyingBuying a Home in a Park
What to know about community living, lot leases, and the buying process.
Home BuyingHome Inspections
What inspectors check and how to prepare before buying a manufactured home.
How-To GuideFirst-Time Buyer's Guide
A complete beginner's guide to financing your first manufactured home.
Your Home Is Waiting
Take the first step today. Our team is ready to help you find the right loan for your manufactured home.