Mobile home loans are a type of loan that borrowers can use to finance the purchase of a mobile home. Because mobile homes can be moved, unlike a traditional home, most mobile home owners don’t own the land where they park their home. Because of this, mobile homes are considered personal property rather than real estate property. Financing is usually procured with either a chattel loan or a personal loan.

The best mobile home loans offer competitive rates and flexibility to suit your specific situation. They feature low down payment requirements and flexible credit score requirements. These lenders may offer a variety of different types of loan depending on whether you own land or lease land, and whether you plan on purchasing a newly constructed or used mobile home.