Purchase Price
A higher home price generally increases the amount financed and the monthly payment.
Free Mobile Home Financing Tool
Mobile Home Loan Payment Calculator
Estimate the monthly principal and interest payment for a mobile or manufactured home. Enter the purchase price, down payment, estimated interest rate, loan term, and monthly lot rent.
Mobile Home Loan Guidelines
Down Payment and Credit Guidelines
Your minimum down payment depends on the occupancy type and credit profile.
Primary Residence
600+ Credit Score5% Down
Primary Residence
550–599 Credit Score15% Down
Second Home
625+ Credit Score15% Down
Buy-For
640+ Credit Score20% Down
Down payment funds can come from cash or money you have in the bank. Minimum down payment requirements and acceptable funds are subject to borrower, property, documentation, and lender eligibility requirements.
Payment Calculator
Estimate Your Mobile Home Loan Payment
Your entries stay in your browser and are not submitted through this calculator.
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Not sure what rate to use? Rates vary based on credit score and loan details. Text Bobby for a current estimated rate.Text Bobby
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Estimated Monthly Home Payment
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Estimated Loan Amount
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Down Payment Amount
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Monthly Lot Rent
$0
Estimated Total Monthly Payment With Lot Rent
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Estimate only. The home payment shown is principal and interest only. It does not include monthly home insurance (Bobby can help you obtain a home insurance quote), applicable taxes, utilities, park fees, or other charges that may apply. Actual loan terms, interest rate, payment, and eligibility are subject to lender approval.
Payment Factors
What Can Change a Mobile Home Loan Payment?
The same home price can produce a different payment when the financing details change.
Down Payment
A larger down payment lowers the estimated loan amount and may lower the monthly payment.
Interest Rate
Your rate can vary based on credit, occupancy, home details, loan amount, and program guidelines.
Loan Term
A longer term can lower the monthly payment but may increase the total interest paid over time.
Home Insurance
Whether or not you are already working with a lender, contact Bobby once you find a home you like. After you are pre-qualified, Bobby can order insurance quotes from leading mobile home insurance carriers, including options for eligible homes built in the 1980s.
Why Park Financing Is Different
Traditional Mortgages vs. Chattel Financing
The traditional bank process is designed for real estate, not homes in park communities with monthly lot rent.
Traditional Banks & Mortgage Lenders
- The home and land commonly must be included together in the purchase
- Leased-land mobile and manufactured homes often do not qualify
- Property requirements may exclude older manufactured homes
- Buyers may be passed between bank departments unfamiliar with park transactions
Chattel Financing with Bobby
- Land ownership is not required
- Monthly lot or space rent is allowed
- Eligible used homes built in 1977 or newer
- As little as 5% down for qualified primary-residence buyers with 600+ credit
- One point of contact from pre-approval through funding
- Same-day pre-approval responses
THE ROADMAP
From Pre-Approval to Closing, Simplified.
Financing a manufactured or mobile home comes with its own unique steps—so we built a streamlined path designed to eliminate the guesswork. From your initial approval to the moment you get your keys, experience a fast, clear, and stress-free journey home while receiving the most competitive interest rates.
1
Start Here
Select “See If I Qualify” to unlock your competitive loan options in minutes, or connect with Bobby directly via text or phone for fast, personalized assistance.
See If I Qualify2
Get Pre-Approved
Bobby personally reviews your unique scenario, maps out your paperwork, and builds a complete file for a same-day response whenever possible so you can shop parks with confidence.
What Bobby May Need
W-2 IncomeYour two most recent pay stubs may be requested.
Self-EmployedYour two most recent tax returns may be requested.
Social Security, Disability, or Retirement IncomeProvide the net amount you receive each month.
Driver’s LicenseA clear copy of the front of your driver’s license with all four corners visible may be needed so the underwriter can verify your full legal name.
3
Send the Purchase Details
Once you find your manufactured home, simply send over the purchase agreement. Bobby takes it from there—ordering the appraisal and coordinating directly with the underwriter to clear any additional file conditions.
4
Close & Fund
The finish line. Bobby balances the final numbers with the closer, sends out your closing package, and ensures all seller proceeds are securely routed directly to the seller, a broker escrow account, or a title company for a clean, secure finish.
Meet Bobby Jay
Mobile Home Financing Is What I Do.
I’m Bobby Jay, a mortgage professional with more than 20 years of experience. I specialize in chattel financing for homes in park communities and work directly with buyers, Realtors and community managers from pre-approval through funding.
Competitive interest rates
Special program that may reduce your interest rate by 1%
20+ years of mortgage experience
Specialized in park-community financing
Direct access from pre-approval through funding
Available 24/7, including evenings—always answers calls and responds quickly to texts
THE ADVANTAGE
Why Work With Bobby?
You get one dedicated point of contact from start to finish. Forget the frustration of bouncing between corporate call centers, generic websites, or different departments. From your initial application to the moment the funds clear, you have one person to call, text, or email throughout the entire transaction.
1
Mobile Home Financing Focus
Get specialized experience built strictly for manufactured home financing. Bobby focuses exclusively on chattel loans for homes located in park communities with monthly lot rent, ensuring your file is handled properly from day one.
2
Fast Pre-Approval & Clear Answers
No waiting games. Bobby personally reviews your unique scenario, answers your questions, and works fast to submit a complete file to our dedicated lender for a same-day pre-approval response whenever possible.
3
Real Estate & Park Coordination
Bobby proactively communicates with your real estate agent, the seller, and the community management team. Everyone stays aligned on exactly what file conditions are needed, when the appraisal is ordered, and what happens next.
4
Secure Closing & Final Funding
Bobby remains fully hands-on through the finish line—balancing the final numbers with the closer, sending out your closing package, and ensuring all seller proceeds are securely routed directly to the seller, a broker escrow account, or a title company.
Want a Competitive Interest Rate?
Text or call Bobby with the home price and your scenario to discuss a current estimated rate and possible next steps.
Calculator Questions
Mobile Home Loan Calculator FAQ
Important details to understand before relying on a payment estimate.
How is a mobile home loan payment calculated?
The calculator uses the home price minus the down payment as the estimated loan amount, then applies the interest rate and loan term using the standard fixed-payment amortization formula. Optional monthly lot rent is added separately.
Does this mobile home loan calculator include lot rent?
Yes. Monthly lot or space rent can be entered as an optional amount. The results show the estimated home payment and an estimated total monthly amount with lot rent.
Does the payment estimate include insurance or taxes?
No. The estimated home payment is principal and interest only. It does not include home insurance, applicable taxes, utilities, park fees, or other charges that may apply.
Is the calculator result a loan approval or rate quote?
No. The result is an estimate for informational purposes. Actual interest rates, terms, payments, program availability, and eligibility are subject to lender approval.