Chattel Loans for Homes on Leased Land or in Parks
Financing options for mobile and manufactured homes that don't qualify for traditional mortgages, including homes located in parks or on leased land.
Chattel loans are designed specifically for homes classified as personal property, not real estate.
What Is a Chattel (Mobile Home) Loan?
A chattel loan is used when a mobile or manufactured home is classified as personal property, rather than real estate.
Unlike traditional mortgages, chattel loans are based on the home itself, not the land beneath it.
The home is financed as personal property
Common for homes located in mobile home parks or on leased land
Loan terms and structures differ from traditional mortgages
Titles and ownership structure are reviewed instead of recorded deeds
Why Buyers Choose Chattel Loans
Built for Mobile & Manufactured Homes
For homes that don't meet traditional mortgage requirements.
Low Down Payment Options Available
Some programs may allow lower upfront costs.
No PMI
Chattel loans do not require private mortgage insurance.
Park & Leased-Land Friendly
Suitable for homes in mobile home communities.
Purchase & Refinance Options
Available depending on lender and home eligibility.
Simpler Process vs Traditional Mortgages
Different and often lighter documentation than real estate loans.
Are You Eligible?
Check if your mobile or manufactured home may qualify for a chattel loan. A quick review helps verify lender fit and home eligibility — no obligation.
Home type
Mobile or manufactured home classified as personal property
Land status
Homes in parks, on leased land, or sometimes owned land (program-dependent)
Title requirement
Clear and valid home title required
Credit profile
Minimum scores often start around 580-620 (program-dependent)
Loan purpose
Purchase or refinance options may be available
Down payment / equity
Varies based on borrower profile, home type, and lender guidelines
How It Works
Get Started
Submit basic information about your mobile or manufactured home.
Home & Title Review
We review home type, title status, and program fit.
Compare Loan Options
Review available chattel loan structures.
Move Forward If Ready
Proceed with an option that fits your goals.
Why Borrowers Work With Loan Factory
Chattel loans require specialized lenders and experience. Loan Factory helps borrowers compare available chattel loan options rather than pushing a single lender solution.
Frequently Asked Questions
What is a chattel loan?
A chattel loan is a financing option used to purchase or refinance a mobile or manufactured home that is classified as personal property, rather than real estate.
When is a chattel loan used instead of a traditional mortgage?
Chattel loans are commonly used when the home is not permanently attached to land, such as homes located in mobile home parks or on leased land.
Do I need to own the land to qualify?
No. Many chattel loan programs allow financing for homes in parks or on leased land, depending on lender guidelines.
What types of homes are eligible?
Most programs support mobile and manufactured homes, subject to factors such as home age, condition, and title status.
Is this for purchasing a home or refinancing?
Chattel loans may be available for both purchase and refinance, depending on the program and lender.
Is this a full loan application?
No. This is an initial review to see which chattel loan options may fit your home and ownership situation. There is no obligation to move forward.
Do I need all documents ready before submitting?
No. You can start with basic home and contact details. Additional documentation is discussed only if suitable options are identified.
I was told financing isn't available for my mobile home. Should I still check?
Yes. Many mobile home deals are declined due to lender fit or home classification, not because financing isn't possible. A review can help identify alternative options.
Don't Let Financing Uncertainty Hold You Back
Many mobile home buyers assume financing isn't available. A quick review can help you see which chattel loan options may work for your home.
This content is for informational purposes only and does not constitute a commitment to lend. Loan programs, terms, and eligibility depend on credit approval, underwriting, home characteristics, and lender guidelines.