Are there lenders who will finance a home on a leased lot?

It is really hard to get lenders to finance a manufactured home without the land. It is considered a non-permanent setup because the land is not owned. Generally, when you buy something like that, it is bought from a dealer and the dealer has their financing setup to be able to sell the home and lease the land.

Our only suggestions would be to check local lenders and your state manufactured housing association. Sometimes, with a large enough down payment and excellent credit, some banks will do it as well as credit unions. The only other option is an owner contract which is not likely because the sellers usually want the money for another home.

The addresses for the State Associations are available from the Table of Contents page, in the first section of this website. They should be able to provide you with a lot of helpful information on manufactured homes.

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