Fleetwood Homes | Manufactured Homes, Park Models and Modular Homes

Financing

Your Financing Options

The most common financing methods families use for purchasing Fleetwood homes are conventional home mortgages and chattel mortgages.

With a conventional mortgage, the home is financed and purchased as real property, which means that the home and the land are bought and/or financed together. There will be a deed with a conventional loan. These loans are offered at competitive rates, and it pays to shop around for the best deal. Land/home packages can often qualify for this kind of financing.

Similar to a car loan, chattel mortgages are personal property loans. They are used when only the home is financed. Unlike a conventional mortgage, there will be a title instead of a deed. If you are buying a home that will be on leased property, a chattel mortgage may be the only financing available. This type of financing is common in planned communities, where the buyer doesn't own the land.

Know Your Score

You may be able to improve your chances for getting more favorable loan terms. Review your credit report for errors - correcting them could improve your credit score. The better your score, the better your loan interest rate. Get your credit report free .