Who Finances Mobile Homes on Leased Land? We Do – And We’ve Been Doing It for Over 30 Years

If you’re asking “who finances mobile homes on leased land,” you’ve come to the right place. At Approved Credit Services, we specialize exclusively in financing manufactured homes on leased land and in mobile home communities. Whether you’re buying a single wide, double wide, or larger manufactured home in a park, we have the lending solutions and three decades of expertise to get you approved – even if traditional banks have turned you down.

For over 30 years, when people ask “who finances mobile homes on leased land,” the answer has been Approved Credit Services. Unlike traditional banks that reject these loans, we specialize exclusively in manufactured home financing for properties in mobile home parks.

Unlike conventional mortgage lenders, we understand the unique challenges of financing trailers and manufactured homes in mobile home parks. Our broker model gives you access to multiple specialized lenders, ensuring you get competitive rates and terms that fit your budget.

Ready to get started? Apply online now or call us at (315) 446-4007. Hablamos Español.

Who Finances Mobile Homes on Leased Land? Your Complete Guide

Why Traditional Banks Won’t Finance Your Mobile Home in a Park

Here’s the truth most banks won’t tell you: they rarely finance mobile homes on leased land, and there’s a specific reason why.

When you purchase a manufactured home in a mobile home community where you’re paying lot rent, you’re not buying the land underneath it. This means your home is classified as personal property (also called chattel) rather than real property. Traditional mortgages are designed for real property – land plus a permanently attached home.

Because manufactured homes in parks are considered chattel, they require specialized chattel loans. Most traditional banks:

• Don’t offer chattel loan products
• Don’t understand manufactured home valuations
• View mobile homes in parks as higher risk
• Lack experience with mobile home park approvals
• Can’t compete on rates for this specific product type

This creates a massive financing gap for buyers looking to purchase single wides, double wides, and manufactured homes in communities. That’s exactly where specialized brokers like Approved Credit Services come in.

Approved Credit Services: Your Manufactured Home Financing Specialists

For over 30 years, we’ve done one thing and one thing only: finance manufactured and mobile homes on leased land. This laser focus has given our team unparalleled expertise in the chattel loan industry.

Here’s what makes us different from other lenders:

We’re Brokers, Not Direct Lenders – And That’s Your Advantage

As a broker, we’re not tied to a single lender’s guidelines or rate sheet. Instead, we work with multiple specialized manufactured home lenders across the country. This means:

• Better rates: Lenders compete for your business
• More options: Different loan terms, down payment requirements, and programs
• Higher approval rates: If one lender says no, we have alternatives
• Customized solutions: We match you to the lender that fits your specific situation

We Finance All Types of Manufactured Homes in Parks

No matter what type of manufactured home you’re purchasing, we have financing solutions:

• Single wides in manufactured home communities
• Double wides in mobile home parks
• Triple wides and larger manufactured homes
• New and pre-owned manufactured homes (age restrictions vary by state)
• Homes on leased land where you pay monthly lot rent
• Park model homes in senior communities

If you’re paying lot rent and the home is in a mobile home park or manufactured home community, we can help you finance it.

Qualification Requirements That Make Sense

We’ve structured our programs to be accessible while maintaining responsible lending standards:

• Minimum credit score: 600 or higher
• Down payment: As low as 5%
• Minimum loan amount: $25,000
• Income verification: Standard employment or income documentation
• Home age: Varies by state and lender program

Even if you’ve been told “no” by a bank or credit union, we encourage you to apply. Our access to multiple lenders means we can often find approval where others cannot.

Our Simple, Fast Approval Process

We’ve streamlined manufactured home financing into three straightforward steps:

Step 1: Apply in Minutes

Start your application online at approvedcreditny.com/application or call us directly at (315) 446-4007. Our application takes just minutes to complete, and you’ll speak with an experienced loan specialist who understands mobile home financing.

We’re bilingual (English and Spanish), so you can communicate in whichever language you’re most comfortable with.

Step 2: Get Multiple Loan Options

Once we receive your application, our team shops your loan to multiple specialized manufactured home lenders. We’ll present you with various options, clearly explaining:

• Interest rates and APR
• Monthly payment amounts
• Loan terms (typically 15-25 years)
• Down payment requirements
• All fees and closing costs

There are no hidden fees. We believe in complete transparency, ensuring you understand exactly what your loan will cost before you commit to anything.

Step 3: Close Fast with Personalized Service

Most of our customers receive conditional approval within 24 hours. From there, we guide you through documentation, appraisal (if required), and closing.

Unlike big banks where you’re just a number, at Approved Credit Services:

• We answer the phone when you call
• We respond to emails immediately
• You work with the same loan specialist from start to finish
• We keep you updated at every stage

Our business model is built around service. Your time is valuable, and we make sure you receive exceptional attention from application to closing.

Financing Trailers in Mobile Home Parks

Many people search for “who finances trailers in mobile home parks” – and the answer is: we do. In lending terms, “trailers,” “mobile homes,” and “manufactured homes” in parks all fall under the same chattel loan category.

Whether you call it a trailer, mobile home, or manufactured home, if it’s:

• Built in a factory to HUD code
• Transported to a mobile home park
• Sitting on leased land where you pay lot rent

…we can finance it.

Why Choose Approved Credit Services Over Other Mobile Home Lenders?

You have options when financing a manufactured home. Here’s why thousands of customers have chosen us over the past 30 years:

1. Exclusive Manufactured Home Focus

We don’t do car loans, credit cards, or traditional mortgages. We only finance manufactured homes on leased land. This specialization means:

• Our team knows every nuance of chattel lending
• We have relationships with lenders who specialize in this product
• We understand mobile home park requirements and restrictions
• We can answer any question about manufactured home financing

2. The Broker Advantage

Direct lenders can only offer you their own loan products. As brokers, we shop your loan to multiple lenders, giving you:

• More competitive rates through lender competition
• Options if your credit or financial situation is unique
• Access to programs you won’t find at banks or credit unions
• Leverage to negotiate better terms on your behalf

3. Unmatched Customer Service

Read our Google reviews – our customers consistently mention our exceptional service. We pride ourselves on:

• Answering phones and emails immediately
• Clear, honest communication throughout the process
• No pressure tactics or surprise fees
• Bilingual support in English and Spanish
• Working at your pace, not ours

4. Transparent, Honest Pricing

We will never surprise you with hidden fees at closing. Before you commit to anything, we’ll provide:

• Complete breakdown of all costs
• Clear explanation of interest rates and APR
• Itemized closing costs
• Comparison of different loan options

Honesty and transparency aren’t just buzzwords for us – they’re how we’ve built a 30-year reputation.

5. Proven Track Record

With over three decades in business and an A+ rating, we’ve helped thousands of families finance their manufactured homes. We’re licensed, bonded, and fully compliant with all federal and state lending regulations (NMLS #9604).

Common Questions About Financing Mobile Homes in Parks

Who finances mobile homes on leased land if traditional banks won’t?

Specialized brokers like Approved Credit Services finance mobile homes on leased land when traditional banks won’t. We work exclusively with lenders who understand chattel loans, and our broker model gives you access to multiple specialized lenders with competitive terms.

Can I get financed if a bank or credit union said no?

Absolutely. This is one of the most common scenarios we see. Traditional banks don’t understand chattel loans and often decline applications that would easily be approved by specialized manufactured home lenders. We work exclusively with lenders who finance mobile homes in parks – it’s all they do. Apply with us even if you’ve been declined elsewhere.

What if my credit score isn’t perfect?

As long as you have a credit score of 600 or higher, we have lending options for you. Different lenders in our network have different risk tolerances, and our job is to match you with the lender most likely to approve your application at the best possible terms. We’ve approved customers with past bankruptcies, foreclosures, and other credit challenges.

How much do I need for a down payment?

Down payment requirements vary based on the home type, age, condition, and your credit profile. Minimum down payments start at 5% for well-qualified borrowers purchasing newer double wides. Single wides and older homes may require 10-15% down. We’ll discuss your specific situation and present options that work with your budget.

What’s the interest rate on mobile home loans?

Interest rates for chattel loans are typically higher than traditional mortgages because the home isn’t attached to land. As a broker, we can shop multiple lenders to find you the most competitive rate available for your situation. Your specific rate will depend on factors including your credit score, down payment, home age, and loan term.

How long does the approval process take?

Most customers receive conditional approval within 24 hours of submitting a complete application. From application to closing typically takes 1-2 weeks for new homes, while used home closings vary but usually take around 30 days. Timing can vary based on documentation turnaround and appraisal scheduling, but we move as quickly as you need us to.

Can I finance a used or older mobile home?

Yes, though age restrictions vary by state and lender. In California, Florida, Georgia, Michigan, Ohio, Oregon, Pennsylvania, South Carolina, and Texas, we can finance manufactured homes built as far back as 1976 (the year HUD code standards went into effect). In New York, we can finance homes back to 1995. The home will need to meet HUD code standards and pass an inspection. We’ll let you know upfront if the home you’re interested in meets lender requirements.

Do you finance mobile homes in all states?

We are licensed in 10 states: California, Florida, Georgia, Michigan, New York, Ohio, Oregon, Pennsylvania, South Carolina, and Texas. Requirements and available programs vary by location. Contact us with your specific state and park location, and we’ll confirm whether we can help you.

What if the mobile home park has specific lender requirements?

Many mobile home parks have approved lender lists or specific requirements for financed homes. We’re familiar with working within park guidelines and have relationships with parks across the country. In most cases, our lender network includes options that meet park requirements.

Can I refinance my existing mobile home loan?

Yes! If you currently have a mobile home loan with a high interest rate or unfavorable terms, we can help you refinance. Refinancing requirements are similar to purchase loans – 600+ credit score, equity in your home, and meeting lender guidelines. Many customers save hundreds per month by refinancing their manufactured home loans.

Is manufactured home financing different from mobile home financing?

In practical terms, no. The terms “manufactured home,” “mobile home,” and even “trailer” are often used interchangeably. Technically, all homes built after June 1976 are called “manufactured homes” because they’re built to HUD code standards. The financing is the same regardless of what you call it – chattel loans for homes on leased land in mobile home parks.

Ready to Finance Your Manufactured Home in a Park?

You’ve found your dream manufactured home in a mobile home community. Now let us find the loan that’s perfect for you.

With over 30 years of exclusive experience in manufactured home financing and access to multiple specialized lenders, Approved Credit Services gets you approved when others can’t. We combine competitive rates, transparent pricing, and exceptional personalized service to make your home financing experience as smooth as possible.

Get Started Today – Two Easy Ways:

1. Apply Online: Complete our quick application and receive a response within 24 hours.

2. Call Us Now: (315) 446-4007 – Speak directly with an experienced loan specialist. Hablamos Español.

Don’t let financing stand between you and your new home. Whether you’re buying a single wide, double wide, or larger manufactured home in a park, we have the expertise and lender relationships to get you approved at competitive rates.

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Approved Credit Services, Inc.
2572 Erie Blvd. East
Syracuse, NY 13224
NMLS #9604
Phone: (315) 446-4007
Email: Support@ApprovedCreditNY.com

Specializing in manufactured home financing for over 30 years. Equal Housing Lender.

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