who does home equity loans on manufactured homes

If you are a homeowner with a manufactured home and looking to tap into its equity, you may wonder who provides home equity loans specifically for manufactured homes. Home equity loans on manufactured homes are offered by a variety of lenders, including specialized lenders, traditional banks, credit unions, and online lenders. While the eligibility criteria and loan terms may vary depending on the lender and the specific circumstances, there are options available for manufactured home owners seeking a home equity loan.

Specialized Lenders

Specialized lenders focus on providing financing options for manufactured homes. These lenders have expertise and experience in working with manufactured home owners and understand the unique challenges and considerations associated with these types of properties.

Benefits of working with specialized lenders for a home equity loan on a manufactured home include:

  • Knowledgeable loan officers who are familiar with the intricacies of manufactured home financing.
  • Limited or no requirement for real property classification, which can be an advantage for homeowners with leased land.
  • Flexible eligibility criteria that cater specifically to manufactured homes.
  • Streamlined application and approval processes tailored to manufactured home financing.

Traditional Banks

Many traditional banks offer home equity loans on manufactured homes. These banks typically have specific programs and loan options designed for manufactured home owners. However, it’s important to note that not all traditional banks provide this type of financing, so it’s recommended to research and contact local banks to inquire about their available loan programs.

Here are a few considerations when looking for a home equity loan on a manufactured home with a traditional bank:

  1. Loan-to-Value (LTV) ratio: Lenders may have limitations on the maximum LTV ratio they are willing to lend against a manufactured home. It’s important to research what options are available based on the estimated value of your home and the desired loan amount.
  2. Property classification: Some traditional banks may require the manufactured home to be classified as real property, meaning it is permanently affixed to a foundation on owned land. This classification may affect loan approval and eligibility.
  3. Documentation: Traditional banks may have stricter documentation requirements compared to specialized lenders. Be prepared to provide proof of income, credit history, and other relevant documents during the application process.

Credit Unions

Credit unions are member-owned financial institutions that often provide competitive options for home equity loans on manufactured homes. They typically focus on serving their members’ needs and may be more flexible in their lending criteria compared to traditional banks.

Consider the following when exploring the possibility of a home equity loan on your manufactured home with a credit union:

  • Membership requirements: Credit unions have membership criteria, such as specific employment affiliations or geographic locations. Ensure you meet the member requirements of the credit union you wish to approach.
  • Interest rates and terms: Credit unions may offer more favorable interest rates and loan terms compared to traditional banks. Shop around and compare the rates and terms from different credit unions to find the best option for your needs.
  • Additional services: Credit unions often provide additional financial services, such as financial education, counseling, and other perks. Take advantage of these offerings to make informed decisions about your home equity loan.

Online Lenders

The rise of online lending platforms has opened up new opportunities for homeowners seeking home equity loans on manufactured homes. Online lenders often provide a quick and convenient application process, with potential for a speedy approval and funding timeline.

Consider the following when considering an online lender for your manufactured home equity loan:

  1. Research and compare: Online lenders vary in terms of interest rates, fees, loan terms, and eligibility criteria. Take the time to research and compare multiple online lenders to find the best fit for your specific needs.
  2. Read reviews and check credentials: Look for reviews, testimonials, and accreditations from reputable sources to ensure the online lender you choose is trustworthy and reliable.
  3. Security and privacy: Ensure the online lender has adequate security measures in place to protect your personal and financial information. Look for secure websites and encrypted communications when sharing sensitive data.


If you own a manufactured home and are seeking a home equity loan, there are lenders available who specialize in this type of financing. Specialized lenders, traditional banks, credit unions, and online lenders all offer options for manufactured home equity loans. It’s important to carefully research and compare the various lenders, their loan programs, eligibility criteria, interest rates, and loan terms to find the best fit for your specific needs and circumstances.