Manufactured Home Financing Options

Land-Home

Land-home loans combine your owned land or land that you wish to purchase with the manufactured home you’re purchasing. In this case, a mortgage would be filed, and property taxes will be assessed annually. With this type of loan, even customers with mediocre credit may be able to qualify. The land-home process generally takes longer than other types of loans.

Land-in-Lieu

Land-in-lieu loans are similar to chattel loans, except you may use owned land in lieu of a cash down payment. You may also use a combination of both land and cash for your down payment.

Home-Only or Chattel

The home-only loan, or chattel loan, lets you buy your manufactured home without using land. This type of financing requires a down payment of at least 5% of the price of the home, including tax. The higher your down payment, the lower your rate of interest, and it may increase your ability to buy your home.

Credit Repair

Timberline Homes of Cullman also offers a Credit Repair Program for customers that do not meet the minimum credit score requirements for our finance companies. This is a free program for our customers and takes around 35-45 days to complete.

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