can you get a home equity loan on a double-wide

When it comes to obtaining a home equity loan on a double-wide manufactured home, the answer is yes, it is indeed possible. However, there are certain factors that need to be considered before lenders can approve such loans. Let’s delve into the details and explore the requirements, process, and considerations involved in securing a home equity loan on a double-wide.

1. Understanding Double-Wide Manufactured Homes

Double-wide manufactured homes, also known as mobile homes, are factory-built structures designed to be transported in one or two sections and subsequently assembled on-site. These homes conform to the guidelines set by the Department of Housing and Urban Development (HUD) and are permanently affixed to a foundation, making them eligible for home equity loans under specific conditions.

2. Property Eligibility Requirements

In order to qualify for a home equity loan on a double-wide, the property must meet certain criteria established by lenders. These requirements typically include:

  • The home must be classified as real property and titled as such.
  • It should sit on a permanent foundation or have a permanent attachment to the land.
  • The property must have a clear title and be free from any liens or outstanding debts.
  • It should comply with local building codes and zoning regulations.
  • The land on which the double-wide is situated should be owned by the homeowner or have a long-term lease.

3. Loan-to-Value Ratio and Credit Factors

Just like with any other home equity loan, lenders assess the loan-to-value (LTV) ratio and creditworthiness of the borrower before approving the loan. The LTV ratio calculates the loan amount relative to the appraised value of the property. Lenders typically prefer an LTV ratio of 80% or lower.

Additionally, a good credit score, stable income, and low debt-to-income ratio are vital for securing a home equity loan on a double-wide. These factors play a significant role in determining the interest rates and loan terms offered to borrowers.

4. The Home Equity Loan Process

Obtaining a home equity loan on a double-wide involves a series of steps, similar to traditional mortgage processes:

  1. Evaluate your property: Determine if your double-wide meets the property eligibility criteria mentioned earlier.
  2. Shop for lenders: Look for financial institutions or lenders experienced in providing home equity loans on manufactured homes.
  3. Apply for the loan: Gather the necessary documentation, including proof of ownership, income verification, and credit history, and submit a loan application to the lender.
  4. Property appraisal: The lender will appraise the double-wide to determine its market value and assess its condition.
  5. Loan approval and terms: If approved, the lender will disclose the loan terms, including interest rates, repayment period, and any associated fees.
  6. Closing and funding: Review and sign the loan documents, pay any required closing costs, and receive the funds.

5. Considerations and Alternatives

While it is possible to obtain a home equity loan on a double-wide, it’s essential to consider a few factors before proceeding:

  • Interest rates and terms: The interest rates for home equity loans on double-wide manufactured homes may be higher compared to standard mortgages. Additionally, loan terms may differ based on various factors.
  • Alternative financing options: Explore other alternatives, such as personal loans or refinancing existing loans, to determine if they better suit your financial goals and needs.
  • Work with knowledgeable professionals: Seek guidance from experienced real estate brokers or mortgage professionals who have expertise in securing loans for double-wide homes.

By carefully considering these aspects and working with the right professionals, you can navigate the process of obtaining a home equity loan on a double-wide with confidence.


Securing a home equity loan on a double-wide manufactured home is indeed possible, provided the property meets specific eligibility requirements. Lenders evaluate factors such as the property’s classification, foundation, and market value, along with the applicant’s creditworthiness. By understanding the loan process, considering alternative financing options, and seeking expert advice, homeowners can make informed decisions and access the equity in their double-wide homes.