12 Best Lenders for Manufactured Home Loans of May 2026
Last updated on April 30, 2026
Written by
Lead Writer & Content StrategistEdited by
Head of Content, Home LoansFact Checked
Fact Checked
Written by
Lead Writer & Content StrategistEdited by
Head of Content, Home LoansFact Checked
Fact Checked
Many or all of the products on this page are from partners who compensate us when you click to or take an action on their website, but this does not influence our evaluations or ratings. Our opinions are our own.
Manufactured homes can be more affordable than other home types — and you’ve got more than one way to finance them. Don’t just say yes to the first option on the lot. We did the homework and picked our list of the best manufactured home mortgage lenders to help you shop and compare.
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Why trust NerdWallet
Why trust NerdWallet
- 50+ mortgage lenders reviewed and rated by our team of experts.
- 40+ years of combined experience covering mortgages and financial topics.
- Objective, comprehensive star rating system assessing 120+ categories and 5,000+ data points.
- Governed by NerdWallet's strict guidelines for editorial integrity.
12 Best Lenders for Manufactured Home Loans of May 2026
Truist: Best for competitive APRs
Min. credit score
620
Min. down payment
3%
- Why we like itIf you prefer people to tech, Truist might be a good fit for you. Preapproval and customer care happen mostly offline, and for details on less-common loan types or custom rates you'll need to talk to a person.Pros
- Offers a wide range of mortgage options focused on affordability.
- Convenient online application.
- Generous grants for qualifying home buyers in select locations.
ConsRead full review- Getting custom rates and applying for mortgage preapproval both require human contact.
- Customer care leans heavily on phone and in-person service.
- HELOCs are not available in most states, though home loans are available everywhere in the U.S. except Alaska, Arizona and Hawaii.
U.S. Bank: Best for manufactured home loans overall
Min. credit score
620
Min. down payment
3%
- Why we like itU.S. Bank offers a broad selection of mortgages, including some niche options. Rates and fees are middle of the road, per federal data. The bank offers helpful tech for rate shopping and live chat, though its online application could be smoother.Pros
- Wide variety of mortgages, including some harder-to-find types.
- Experience in construction and renovation loans.
- Offers up to $17,500 in assistance (income/location requirements apply).
ConsRead full review- Rates shown online don’t reflect your credit score.
- Contact form interrupts online application before you can complete it.
- Few mortgage options for borrowers with low/bad credit.
PNC Bank: Best for conventional loans
Min. credit score
620
Min. down payment
3%
- Why we like itPNC Bank offers a wide selection of loans and refinance options, with a streamlined digital experience and comprehensive rates tool.Pros
- Solid variety of mortgage types, both standard and harder-to-find.
- Online rate quotes are informative and easy to customize.
- Offers down payment grants and no-PMI loans for low-income borrowers.
ConsRead full review- Mobile app has limited mortgage features.
- In-person service not available in all states.
Rocket Mortgage, LLC: Best for first-time home buyers
Min. credit score
620
Min. down payment
3%
- Why we like itRocket Mortgage is the Goliath of home loans in the U.S. It's the largest mortgage lender by volume, and keeps expanding its reach. Fortunately for borrowers, Rocket is a gentle giant, offering affordable borrowing options including a 1% down payment loan.Pros
- Offers down payment and closing cost assistance.
- Largest lender, by volume, of FHA loans in 2025.
- Borrowers can apply via mobile app.
ConsRead full review- Average origination fees are on the higher side, according to the latest federal data.
- No HELOCs.
- No physical branches.
State Employees' Credit Union: Best for North Carolina residents
Min. credit score
N/A
Min. down payment
0%
- Why we like itState Employees’ Credit Union in North Carolina is worth checking out for those in the Southeast who meet its narrow membership criteria — especially first-time home buyers eligible for generous grants and specialty loans. But it doesn’t offer government-backed mortgages.Pros
- Offers a zero-down mortgage without private mortgage insurance.
- Participates in multiple first-time buyer assistance programs.
- Low average mortgage rates, according to the latest federal data.
ConsRead full review- Credit union membership eligibility is limited.
- Loans only available in five states.
- Doesn’t offer government-backed mortgages.
Guild Mortgage: Best for borrowers with weaker credit
Min. credit score
600
Min. down payment
3%
- Why we like itGuild Mortgage offers a wide range of products that may attract nontraditional borrowers, including loans with 0% or 1% down. However, interest rates aren’t published online, making it harder to shop around.Pros
- Offers a wide range of loans, including harder-to-find products that appeal to nontraditional borrowers.
- Borrowers can get a mortgage with 0% or 1% down.
- Borrowers can apply via mobile app.
ConsRead full review- Mortgage rates aren’t posted online.
- Customer service options are limited.
Carrington: Best for borrowers with credit scores in the 500’s
Min. credit score
620
Min. down payment
3%
- Why we like itCarrington Mortgage offers specialty loans for people who might have trouble getting a mortgage elsewhere, like self-employed borrowers or those with heavy debt. Average rates are low, though fees are on the higher side.Pros
- Low average mortgage rates, according to the latest federal data.
- Considers borrowers with bad credit, foreclosure or bankruptcy.
- Options for self-employed borrowers and alternative income documentation.
ConsRead full review- Rates are posted online, but website navigation is clunky.
- Average origination fee is on the higher side, according to the latest federal data.
- Offers home equity loans, but no HELOCs.
loanDepot: Best for FHA loans
Min. credit score
620
Min. down payment
3%
- Why we like itLoanDepot, one of the country’s largest mortgage lenders, has faced negative headlines recently. It offers a wide range of mortgages, including the harder-to-find FHA 203(k) renovation loan. Federal data tells us average mortgage rates are on the low side, but that’s not easy to discover: LoanDepot doesn’t post rates on its website.Pros
- Average interest rates are on the lower side, according to the latest federal data.
- Wide variety of loan types, including specialty mortgages.
- Multiple options to fund home renovations, including construction loans and equity products.
ConsRead full review- No mortgage rates posted online.
- Average origination fee is on the higher side, according to the latest federal data.
- Recent headlines have damaged consumer trust.
AmeriSave: Best for FHA loans
Min. credit score
620
Min. down payment
3%
- Why we like itAmeriSave stands out for its program to lower your rate by 1% for the first year. Interest rates are on the low side, but fees are higher than competitors’. Borrowers with low credit will find flexibility here.Pros
- Offers a rate buydown program.
- Average interest rates are on the low side, according to the latest federal data.
- Accepts borrowers with credit scores as low as 500 for certain loan types.
ConsRead full review- No mobile app.
- Average origination fees are on the high side, according to the latest federal data.
- Getting custom rates and applying for mortgage preapproval both require contacting a loan expert.
Veterans United: Best for VA loans
Min. credit score
620
Min. down payment
3%
- Why we like itVeterans United originates more VA mortgages than any other lender. Though average fees are on the higher side, it’s a solid pick for veterans and military borrowers looking for a VA loan with ample support along the way.Pros
- Offers a range of VA mortgages, including refinance, energy-efficient and jumbo.
- 24/7 customer service line supports servicemembers stationed internationally.
- Average time to close is 34 days, faster than the national average.
ConsRead full review- Average origination fee is on the higher side, according to the latest federal data.
- Website doesn’t have online chat.
- No renovation loans.
Rate: Best for borrowers with weaker credit
Min. credit score
620
Min. down payment
3%
- Why we like itRate boasts a streamlined application process, with full underwriting in as little as one business day — though for all its online conveniences, you'll still work with a human.Pros
- Fully underwritten mortgage approval in as little as one day for qualified borrowers.
- Generous selection of loans, including government-backed, interest-only, jumbo and renovation.
- Advertises a fixed-rate HELOC that can be funded in as few as five business days.
ConsRead full review- Some affordable loan options have income limits or other restrictions.
- Details of less common loan types aren't available on the lender's website.
- HELOC requires immediate, full withdrawal of funds, though there is an option to make additional draws.
New American Funding: Best for down payment assistance
Min. credit score
580
Min. down payment
N/A
- Why we like itNew American Funding offers a large menu of loan products, as well as programs like first-time home buyer assistance, but personalized mortgage rates aren't available on its website.Pros
- Offers a wide variety of purchase and refinance mortgages, as well as unique buyer assistance programs.
- Its home equity line of credit can be used for a primary residence or second home.
ConsRead full review- Average origination fees are on the high side, according to the latest federal data.
- Personalized mortgage rates are not available on the website without providing contact information.
Types of manufactured home loans
Not all mobile home financing is set up the same way — and not all loans are mortgages. Here are the most popular ways to finance a manufactured home and how they compare.
- Mortgage (real property): Used when the home is attached to land you own or buy. A mortgage is the standard way to finance a house and helps you build home equity.
- Chattel loan (personal property): Used when you don’t own the land underneath. These loans usually have higher interest rates and shorter terms, often 15 to 20 years. A chattel loan is more like the kind of loan you get to buy a car or RV.
- FHA Title I loans: These loans are different. You can buy a manufactured home, the land or both. You don’t have to own the land underneath. It’s OK to use an FHA Title I loan if you lease the land, like in a manufactured home community.
🤓
People still say “mobile home,” so we use that phrase here, but it really refers to homes built before 1976. Newer homes are called manufactured homes, which follow stricter building codes for safety. Today’s manufactured homes come in more styles, too.Nerdy Tip
» MORE: Manufactured vs. modular homes
At a glance: Mortgage financing for mobile homes
If you’re going the mortgage route, you have several options to choose from. Here’s a quick look:
- Conventional loans: The most common type of mortgage. You often need stronger credit, but these loans usually have fewer extra fees.
- FHA loans: Backed by the Federal Housing Administration, these loans have flexible guidelines with as little as 3.5% down. Many FHA lenders for manufactured homes accept lower credit scores.
- VA loans: Backed by the Department of Veterans Affairs, these loans are for service members, veterans and their spouses. VA loan mobile home financing has no down payment required.
- USDA loans: For homes in eligible rural areas and towns, these loans have no down payment and come with lower mortgage rates.
Our list includes banks that finance mobile homes with land, as well as other types of mortgage lenders like credit unions, nonbank mortgage lenders and online mortgage lenders.
Which manufactured home financing should I choose?
If your home is on land you own, a mortgage is usually your smartest bet. You’ll often get a lower rate and more time to pay it off — up to 30 years — compared to a chattel loan. When making this list, that’s why we picked lenders that focus on traditional mortgages.Before you buy, get quotes from at least three mortgage lenders. It sounds like a lot of work, but it’s worth it. You can save thousands of dollars this way! Our guide on how to choose a mortgage lender can help you shop like a pro.
» MORE: FHA vs. conventional loans
Bad credit options
Financing for mobile homes with bad credit is possible, but expect higher rates or fewer choices. Improving your credit can help you qualify for better mobile home mortgage terms. For more options, check out our list of best home loans for bad credit.
Last updated on April 30, 2026
Methodology
How we chose the best lenders for manufactured home loans
Our team of mortgage experts follows an objective, consumer-first methodology to assess lenders that offer loans for manufactured homes and pick the best.
40+
Lenders reviewed
40+
Lenders reviewed
We review more than 40 lenders, including major banks, credit unions, and online lenders operating across multiple states.
7
Categories assessed
7
Categories assessed
Each lender is evaluated across seven weighted categories including loan volume, overall share of the loan market, rates and fees, rate transparency and customer experience
11,000+
Data points analyzed
11,000+
Data points analyzed
Our team tracks and reassesses thousands of data points annually for reviewed lenders, ensuring up-to-date, accurate comparisons.
Star rating categories
We evaluate the following categories and carefully weigh how each factor impacts your experience. Read more about how we determine those ratings.
For inclusion on this list, lenders must score highly for both manufactured home loans and home loans overall. The star ratings on this page reflect each lender's rating for home loans overall.
NerdWallet rates mortgage lenders based on what matters most to borrowers: rates and fees, product accessibility, customer experience, rate transparency and the range of loan options.
We review more than 40 lenders and score them using a weighted system that prioritizes affordability and a smooth borrowing experience. Lenders earn higher scores for offering lower borrowing costs, making loans widely available, clearly displaying rate information and supporting borrowers from application through closing.
We use a mix of lender-provided information, publicly available data and our own research and analysis to evaluate each lender. Recent regulatory actions may affect a lender’s score.
