HomeAdviceBuyingWhat type of home loan do I need to buy a mobile home in a park?
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What type of home loan do I need to buy a mobile home in a park?

I am looking at buying a manufactured home located in a 55+ mobile home community in Florida. I know I won't own the land underneath it, just the home itself. My local bank told me they only finance real estate, not chattel. What kind of lenders should I be looking for, and do they typically require a larger down payment?

Asked by Jennifer | Orlando, FL| 05-11-2026| 5 views|Buying|Updated 3 hours ago

Answers (1)

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Keith Jean Pierre

REMAX First Realty · East Brunswick, NJ

(151 reviews)
Jennifer, if you’re buying a mobile/manufactured home in a park (on leased land), the financing is very different from a traditional home mortgage. A Chattel Loan is most common and most applicable for your situation since it finances only the home itself, not the land underneath it. Keith Jean-Pierre Managing Principal The Dapper Agents Real Estate Operations in ALL 50 States
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05-11-2026 (2 hours ago)··
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