How we make this list: we compare pricing pages, product documentation and public user reviews. Ratings come from G2, Capterra or Trustpilot, with the date we checked them.
Key takeaways
- 21st Mortgage is the leading chattel lender for park homes, with typical down payments of 5 to 35 percent and rates typically 7 to 14 percent.
- Vanderbilt Mortgage covers new, used, home-only and land-and-home loans, with a pre-owned path starting at a 480 credit score and $0 down for some buyers.
- Triad Financial Services lists a 550 minimum score and financing up to 95 percent loan-to-value for qualifying primary residences.
- NACA is the nonprofit option, with no down payment, no closing costs, no mortgage insurance and no credit-score decision, at a 6.625 percent 30-year fixed rate listed on 1 October 2026.
- This article is general information only, not financial advice. Rates, terms and eligibility change, so compare written Loan Estimates from more than one lender before committing.
Quick comparison
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The best mobile home financing companies
Starting priceSee website
Free planNot applicable
21st Mortgage is a national leader in mobile home financing, ranking highly for park-focused chattel loans. It lists typical down payments of 5 to 35 percent, rates typically ranging from 7 to 14 percent, and terms of up to 25 years for home-only loans and 30 years for land-and-home loans. It states that it has no minimum credit score for most home-only and land-home loans, though applicants below 575 or with no score may need a down payment of 35 percent or more.
For park residents with lower credit or no land interest, 21st is the most accessible national lender. Its park-only focus means land buyers should also compare land-and-home lenders, and its rates are higher than conventional mortgages, so compare the full offer, not just the credit score requirement.
What we like- National chattel specialist
- No strict credit minimum
- Finances pre-owned homes
- Closings in 25 to 35 days
Watch out for- Park-only focus
- Rates typically 7 to 14 percent
- Applicants below 575 may need 35 percent or more down
#2
Vanderbilt Mortgage
Best for: New, used and land-and-home
Visit vmf.com
Starting priceSee website
Free planNot applicable
Vanderbilt Mortgage lists new manufactured-home, used-home, home-only, land-and-home and less-than-perfect-credit options on its main loan page. Its Connect Lending page adds a pre-owned path with stated starting points of 480 for credit scores and $0 for down payments, though final terms remain tied to the individual home and buyer file.
Its disclosure materials list lot rent, insurance, taxes, utilities, maintenance and association dues among expenses that can affect monthly finances, so budget the full monthly cost, not just the loan payment. For buyers who want one lender covering new, used and land-and-home paths, Vanderbilt is the broadest specialist.
What we like- New, used, home-only and land-and-home options
- Less-than-perfect-credit options
- Pre-owned path from 480 score
Watch out for- Site rent and insurance add to monthly costs
- Terms vary by home and buyer file
- Rates not published as a single figure
Starting priceSee website
Free planNot applicable
Triad Financial Services is a manufactured-home lender whose published flyer lists a 550 minimum score for home-only and existing land-home offerings, with low down payments available, and whose financing overview describes financing up to 95 percent loan-to-value for qualifying primary-residence purchases. It does not publish one down-payment amount for every applicant, since terms depend on the buyer and property.
For buyers with scores around 550 who want a home-only loan, Triad is a strong comparison quote alongside 21st Mortgage. Request a written estimate, since the exact down payment must be confirmed for your credit profile and home package.
What we like- 550 minimum score on published flyer
- Financing up to 95 percent loan-to-value
- Home-only and land-home options
Watch out for- No single published down-payment figure
- Terms vary by applicant
- Smaller public profile than 21st or Vanderbilt
Starting priceSee website
Free planNot applicable
Clayton Homes is one of the largest manufactured-home retailers, with home plans such as the Move On Up at three bedrooms and 1,080 square feet, the Glimpse at three bedrooms and 1,370 square feet, and the Hudson at three bedrooms and 1,140 square feet. These are plan examples, not quoted land-and-home prices, since local inventory, land, delivery, setup and site work affect the total.
Financing is typically arranged through retail centres with partner lenders, including Vanderbilt and 21st Mortgage. For buyers who want to choose a home and financing in one place, Clayton retail centres are a practical starting point, with a written total cost before committing.
What we like- Large retailer network
- Home plans with published sizes
- Financing guidance through retail centres
Watch out for- Retailer, not a standalone lender
- Total cost depends on land, delivery and site work
- Prices vary by location
Starting priceSee website
Free planNot applicable
Cascade Financial Services is a manufactured-home lender with land-and-home and home-only options, experienced in the underwriting quirks of manufactured homes, such as titling, foundation requirements and park versus land placement. That experience matters, since manufactured-home loans differ from conventional mortgages in collateral, documents and monthly structure.
Terms vary by state and property, and rates are not published as a single figure, so request a written estimate. For buyers whose situation is unusual, such as an older home or a complex land package, Cascade is a useful specialist comparison.
What we like- Manufactured-home focus
- Land-and-home and home-only options
- Experienced underwriting for manufactured homes
Watch out for- Terms vary by state and property
- Rates not published as a single figure
- Smaller national profile
Starting priceSee website
Free planNot applicable
First Federal Bank, headquartered in Lake City, Florida, offers conventional loans up to 30 years, FHA loans at 3.5 percent down, VA loans at 0 percent down, USDA loans at 0 percent down, and limited chattel loans, with closings in 30 to 40 days. Its flexibility suits buyers who qualify for government-backed programs, which often beat chattel rates.
It is Florida-based, and its chattel offerings are limited, so park-home buyers outside Florida should check availability. For buyers with land who qualify for FHA, VA or USDA programs, First Federal is a strong, lower-rate comparison.
What we like- Conventional, FHA, VA and USDA loans
- FHA 3.5 percent down, VA and USDA 0 percent down
- Closings in 30 to 40 days
Watch out for- Florida-based, with limited chattel loans
- Conventional loans need higher credit
- Rates vary by program
Starting priceSee website
Free planNot applicable
NACA is a nonprofit purchase program with no down payment, no closing costs or fees, no mortgage insurance, and underwriting that evaluates personal payment history without using the borrower credit score as the deciding measure. As of 1 October 2026, its homepage listed a 6.625 percent 30-year fixed rate for low-to-moderate-income members and communities, with 7.625 percent for higher-income members, subject to change and not guaranteed at lock-in.
The process involves membership and counselling, which takes longer than a private lender application, but the savings on down payment, fees and insurance are substantial. For eligible low-to-moderate-income buyers, NACA is the cheapest path in this list, if you can accept the timeline.
What we like- No down payment, no closing costs, no mortgage insurance
- No credit-score decision
- Below-market rates
Watch out for- Membership and counselling process takes time
- Rates change
- Availability depends on income and community
Starting priceSee website
Free planNot applicable
ManufacturedHome.loan is an online marketplace for manufactured-home loans, helping buyers compare loan types and connect with lenders for home-only and land-and-home financing. It suits buyers at the research stage who want to understand options before applying.
Final terms come from partner lenders, not the marketplace itself, so treat its results as a starting point and request written estimates from the lenders it surfaces. For a first comparison across loan types, it is a useful research tool.
What we like- Online search across manufactured lenders
- Comparison of loan types
- Useful starting point for research
Watch out for- Marketplace, not a direct lender
- Final terms come from partner lenders
- Availability varies by state
How we chose
We compared lenders on loan types, credit flexibility, down-payment requirements, published rates, terms and availability, using lender pages and current guides. Chattel specialists lead for park homes, land-and-home lenders lead for land buyers, and government-backed programs lead on rates for eligible buyers. Where rates or down payments varied by applicant, we wrote See website or gave the published range rather than inventing a single figure. This article is general information only, not financial advice, and we did not claim hands-on testing.
Chattel versus land-and-home loans
The distinction affects collateral, documents and the overall monthly structure. A chattel loan finances the home as personal property, typically for a home in a park or on leased land, with shorter terms and higher rates than a mortgage. A land-and-home loan finances the home and land together as real property, with longer terms, often up to 30 years, and lower rates for qualified buyers.
For a land-and-home purchase, confirm that local placement rules permit a manufactured home on the parcel, that water, wastewater, electric service and road access are available, and that you have a written estimate for grading, foundation, delivery and utility connections. Confirm whether the home and land will be titled together as real property, since permanent attachment to land affects whether the home is treated as personal property or real estate. A used home bought from an individual must be move-in ready for some lenders, which do not finance homes needing repairs or modernisation.
Frequently asked questions
What is the best mobile home financing company?
21st Mortgage is best for park-home chattel loans, Vanderbilt is best for broad new, used and land-and-home coverage, and NACA is best for eligible buyers who want no down payment and no closing costs. First Federal is best for government-backed FHA, VA and USDA loans.
What credit score do I need for a mobile home loan?
21st Mortgage states no minimum credit score for most loans, though applicants below 575 may need 35 percent or more down. Vanderbilt pre-owned path starts at 480, Triad lists a 550 minimum, and conventional loans typically need 620 or more. Exact requirements depend on the buyer and property.
How much down payment do I need for a mobile home?
21st Mortgage lists typical down payments of 5 to 35 percent, with 0 percent for well-qualified buyers on some programs. FHA loans need 3.5 percent down, VA and USDA loans need 0 percent down for eligible buyers, and NACA needs no down payment. Land equity can sometimes count toward the contribution.
Are mobile home loan rates higher than mortgage rates?
Yes, typically. Chattel loans often run 7 to 14 percent, compared with lower rates for land-and-home mortgages and government-backed loans. Rates change daily and depend on credit, home age, loan amount and property type, so compare written estimates.
What is the difference between a chattel loan and a mortgage?
A chattel loan finances the home as personal property, usually in a park or on leased land, with shorter terms and higher rates. A land-and-home loan finances the home and land together as real property, with longer terms and lower rates for qualified buyers.
Do I need land to finance a mobile home?
No. Chattel loans finance homes in parks or on leased land without land ownership, while land-and-home loans finance a home and parcel together. Community residency approval is separate from financing approval, and site rent sits beside the home payment in a land-lease community.
Sources we checked (10)
- https://www.21stmortgage.com
- https://www.vmf.com
- https://www.triadfs.com
- https://www.claytonhomes.com
- https://www.cascadeloans.com
- https://www.firstfederalbank.com
- https://www.naca.com
- https://manufacturedhome.loan
- https://www.selecthomeloans.com/best-mobile-home-lenders-in-florida-top-options-for-2026/
- https://thetopselected.com/article/650673-double-wide-mobile-homes-for-first-time-1.html
Is your product missing or out of date?
We review this list regularly. Vendors can request a listing, send updated pricing or ask about featured placement.
Shihab Mia · Founder, Rankite
Shihab has 5+ years in B2B and SaaS SEO. He writes Rankite's software buying guides from pricing pages, documentation and public user reviews. More about Shihab.
21st Mortgage
Triad Financial Services
Clayton Homes
Cascade Financial Services
First Federal Bank
NACA
ManufacturedHome.loan