Two lenders that offer financing for the purchase of manufactured homes include 21st Mortgage Corporation and CountryPlace Mortgage, according to the lenders' websites. Both lenders offer loans in states across the country and partner with builders of manufactured homes to provide the best deals.
When 21st Mortgage opened in Knoxville, Tennessee, in 1995, it focused mostly on borrowers in the southern United States, the company's website explains. Since then, it has expanded and provides loans to borrowers all over the country. As of 2015, the company provides loans for mobile homes located on private land, leased land or parks. There are no age restrictions for loans in most states. However, in some states, the home must have a manufacturing date that's more recent than a certain year. The down payment required may be as little as 5 percent.
CountryPlace Mortgage began operating in 1995 with plans to specialize in lending for the purchase or renovation of modular or manufactured homes, notes its website. The company promises to build the best mortgage package for a customer by exploiting its partnerships with builders and home retailers throughout the United States. Clients tend to come to the lender through word-of-mouth. Because CountryPlace is a direct lender, it avoids some of the fees and charges associated with other loans.