Mobile Home Financing 101: Everything Realtors Need to Know About Mobile & Manufactured Home Loans

Licensed broker Kathy from Mobile Home Loans for You shares over 13 years of expertise specializing in mobile and manufactured home loans on leased land. This detailed workshop covers the key differences from traditional real estate financing, loan programs, park approval processes, down payment requirements, credit guidelines, appraisal rules, and everything Realtors need to know when helping clients buy or sell a mobile home. What you’ll learn Mobile vs. Manufactured Homes: Understanding “Pre-HUD” (pre-June 1976) vs. “HUD” homes Loan Terms: 20–25 years for leased land, 30 years for land & home combinations Down Payment Options: As low as 5% down — no PMI, no prepayment penalty Age Requirements: Financing available for homes built as far back as 1960 Credit Guidelines: 580 minimum (35% down) to 800+ (5% down); flexible on reserves DTI Ratios: Understanding front-end (31%) and back-end (up to 49%) calculations Buy-For Program: How parents or children can finance a home for family members Park Approval Process: What managers look for, required documents, and common delays Appraisals, Repairs, and Escrow: When to order, who pays, and required repairs before closing Closing Costs: What’s financed vs. what’s out-of-pocket (down payment, taxes, insurance, appraisal) Lease Land Considerations: How space rent increases, rules, and manager discretion impact affordability Contact Info Kathy — Mobile Home Loans for You Phone: 714-315-4874 Pro Tips for Realtors Always verify park approval before ordering appraisal or inspection. Ask for rules & regulations up front (pets, income, credit minimums). Partner with escrow agents familiar with HCD to avoid title delays. Emphasize park management relationships — they control approval. Educate clients about space rent increases and lease flexibility. #MobileHomeLoans #ManufacturedHomes #RealtorTraining #HomeFinancing #LeasedLand #RealEstateEducation #HCD #AffordableHousing