Mobile Home Financing

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Financing or refinancing your manufactured or modular home isn't as difficult as you might think. You may be surprised to see the variety of loan options available. Whether you are purchasing a new or pre-owned home, refinancing, or looking to cash in on some of the equity you have built up there is a financing option that's right for you.


If you are purchasing your home separate from land, then you are eligible for a personal property loan. The home itself is used as collateral for the loan.   This is popular when a manufactured home is placed in a land-lease community.










 La financiación o la nueva financiación de su casa fabricada o modular no son tan difíciles como usted podría pensar. Usted puede estar sorprendido ver la variedad de opciones de préstamo disponibles. Si usted compra una casa nueva o de segunda mano, la nueva financiación, o el aspecto para sacar provecho de un poco de la equidad que usted ha construido allá arriba es una opción de financiación así es para usted.


 Si usted compra su separado de casa de la tierra, entonces usted es elegible para un préstamo de efectos personales. La casa sí mismo es usada como la garantía subsidiaria para el préstamo. Este es popular cuando una casa fabricada es colocada en una comunidad de arriendo de tierra.









Mobile Home Financing


You can click on the "Loan Application" button and then print the application (requires Adobe Reader) and fax it into our financial department for review.  You can do this as a prequalification to purchasing your new home.  Or you can bring it with you when we start looking at homes that interest you.
 If you don't have the latest version of Adobe Reader, click Adobe Reader and download it for free.


Western Heritage assists in obtaining financing for manufactured and mobile home owners.  We pride ourselves in working with

full service lenders, meeting your needs and exceeding your expectations.  Most mortgage brokers and banks hardly

even consider the unique needs of manufactured homes financing.  Here at Western Heritage Mobile Homes we specialize in this

industry exclusively!  We're here to meet your finance needs, and we are also here to provide advice and assistance.

We look forward to working with from you.


The Monthly Payment calculator below will calculate your payments based upon the interest
rates and loan amount you enter. You can enter a range of interest rates and loan values that
will allow you to compare different payments.



In general, the mobile home loan documentation you need includes:

  • Your contact information. (please include cell phone & best times to reach you)
  • Purchase Agreement.(mandatory on in park mobile homes)

  • Copy of legal description. (Width, Length & Year of mobile Home)


  • If you have sold your current home, copy of settlement statement (HUD-1).

Income & Assets

  • Pay stubs for the last 30 days.

  • Names and addresses of each employer. (For the past 2 years)
  • W-2s / 1099’s (For the past 2 years)

  • Statements for each bank, mutual fund, and/or investment account for the last three months. (6 to 12 months if using bank statements to qualify)

  • Explanation and source for recent large deposits.

  • If large deposit was a gift:

    • Signed gift letter (lender can supply).
    • Copy of gift check.
    • Copy of deposit receipt.
  • Corporate or partnership tax returns.     (If you own more than 25% of a business)

  • Tax returns for the last three years (If self-employed)

  • Tax returns for the last two years and current rental agreements (If you own rental property)

  • Pension Award Letter. (If you are retired)

  • Social Security Award Letter. (If you receive Social Security)

  • Copy of divorce settlement. (If you are counting child support as income)

  • Copy of twelve months of cancelled child support checks. (If you are counting child support as income)


  • Amount of all your credit card minimum payments & installment loan payments added up.
  • Explanation of credit report anomalies, including
    • Late payments, credit inquiries in the last 90 days, charge-offs, collections, judgments and/or liens.

    • Bankruptcy filed within last seven years (bring a copy of your bankruptcy papers).


  • Photo ID and proof of Social Security number.
  • Residence addresses for the past two years.
  • If you are not a citizen, a copy of the front and back of your green card.

Basically, a general rule to remember is we are building a case to the Underwriter on every loan submission. Therefore anything that makes you look good to the bank should be submitted; things like child support, structured settlements and rental agreements for other properties are all Examples of things that make you look good to the bank.

Furthermore: Mobile home loans are not like regular home loans in the sense that they are processed and evaluated case by case. If there are things that make your file look better let us know. It is our goal to provide you with the best mobile home loan that is available and in most cases we’ll need you to work as hard as we will to accomplish this goal.

Please fill in your application as completely as possible. As well if there are things we need to know about, such as loss of job or change in careers are all critical things that you should tell us about up front.


Make a more informed decision by finding out how much house you can afford based on your
yearly income, your debts and other factors, with our Prequalification Calculator.


Mobile Home Loans Q & A


What is the FICO range for good, fair & bad credit rating with manufactured lending ?

Good credit is usually defined as the borrowers with few if any past or present collections, good income & credit over 680 fico. Fair credit borrowers would have more deragatories, lower income & credit from 600 fico to 679. Generally bad credit is those clients with a previous bankruptcy or significant ongoing collections and/or liens, significant debt, lawsuits and/or past or present ongoing foreclosure and a credit score of 599 and below. (in some cases credit score is not the only determining factor for a fair credit loan. We will always try to qualify you fair credit first)


What is debt to income ratio ?

Debt to income ratio is the calculation used by us to determine how large of a loan balance your income can support. Typically this calculation is figured by adding all your bill's minimum payments due each month, your space rent & new mortgage payment divide by your gross income.


What is the lowest down payment I can put down ?

For good credit 5% down plus closing costs on land home & in park, and home must meet appraisal value. With 10% down some lenders will finance closing costs. An older home may require more down payment.  In some case we allow for 100% financing when getting the home at a significant valuation.


What loan term will be best for me ?

This depends on your goals. If your goal is to pay off the home quicker then a shorter term is suggested. If your goal is lowest payment then a longer term is best.


Can the seller assist with down payment ?

Not on good credit loans. In CA, OR & WA we have a program where the seller can assist with securing part of the risk in a bad credit mobile home purchase loan... they may also assist with closing cost, repairs, fire insurance and home warranty. We do allow gift for down payment. 


How long is quoted interest rates good for ?

Called a rate lock, under normal instances we lock the rate for 60 days which is free to the client. 


Will the loan have a prepayment penalty ?

Most lenders do not have a prepayment penalty.


Western Heritage Mobile Homes

Financing, Insurance, Inspection, Warranty