The Ultimate Guide to Financing a Mobile Home

The Ultimate Guide to Financing a Mobile Home

Purchasing a mobile home is an exciting step toward homeownership, and thanks to flexible financing options, it’s easier than ever! Whether you’re buying your first home, upgrading to a new one, or placing a home on family land, there’s a financing path designed for you. At Titan Factory Direct, we believe everyone deserves a chance to own their dream home. Here’s everything you need to know about financing a mobile or manufactured home — including options, qualifications, and how to get started!

1. Find the Right Financing for You

Choosing the right loan can make all the difference. Here are three popular options to consider:

Land & Home Packages

Everything you need, bundled together for easy financing!

  • One loan, one payment

  • Save time and money with a packaged deal

  • Move-in ready options available

  • No need to secure land separately

This option is perfect if you’re purchasing both the home and the property together. It simplifies the process and often saves you money on fees and closing costs.

Home-Only Loans

Already own land? Finance just the home and make your dream a reality!

  • Ideal for placing a home on family land

  • Lower loan amounts and flexible terms

  • Quick approval process

  • Streamlined financing for faster move-in

If you already own property or are planning to place your home on family land, this option lets you focus solely on financing your new home.

Trade-In Options

We’ll take your old home and help you move into something new!

  • Get credit for your current home

  • Hassle-free trade-in process

  • Save on down payments and costs

  • Upgrade to a newer, more efficient home

Trading in your existing mobile home can reduce your loan amount and help you move up to a modern, energy-efficient model faster.

2. Common Financing Questions Answered

Can I qualify if I don’t have good credit?

Yes! Many lenders offer financing options for a wide range of credit scores. Even if your credit isn’t perfect, there may still be loan programs that fit your situation.

What’s the required down payment?

It depends on your credit profile and the loan program. Some lenders offer low down payment options, and if you already own land, you might be able to use it as equity.

Can I use my land as a down payment?

Absolutely! Owning land can significantly reduce or even eliminate the need for upfront cash.

What if I’m self-employed?

You can still qualify. Lenders may ask for additional documentation, like tax returns or bank statements, to verify income.

Can I get financing after credit issues or bankruptcy?

Yes. Past credit issues — including repossessions or bankruptcies — don’t automatically disqualify you. Lenders will consider how much time has passed and your current financial situation.

Can I use a co-signer?

Yes. Adding a co-signer with strong credit and stable income can increase your chances of approval and help you secure better loan terms.

Are there programs for first-time buyers or veterans?

Yes! First-time buyers can take advantage of special programs with flexible credit requirements, and veterans may qualify for VA loans with favorable terms.

How long does loan approval take?

The process usually takes anywhere from a few days to a few weeks, depending on the lender and the complexity of your application.

3. What’s Included in My Loan?

Many lenders allow you to include setup and installation costs — such as delivery, foundation, and utility hookups — in your loan package. That means you can move in with fewer out-of-pocket expenses.

4. Start Your Financing Journey

The first step is simple — fill out a loan application! Our team will guide you through every step, from choosing the right lender to closing on your new home. Whether you’re financing land and home together, just the home, or trading in your current one, we’re here to make the process smooth and stress-free. Contact us to get started!

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