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Manufactured homes available in Auburn, Indiana
Financing Solutions

Manufactured Home Financing

Multiple financing options for every situation. Chattel (home-only) loans, land-home packages, and conventional financing. We work with the nation’s top manufactured-home lenders to find your best rate.

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For homes on leased land. Higher rates, shorter terms, faster approval.

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$30k$300k
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Estimated Monthly Payment

$0

at 9.99% APR

Home Price$85,000
Down Payment-$8,500
Loan Amount$76,500
Total Interest$0
Total Cost$0
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This is an estimate. Actual rates and terms may vary based on credit approval.

Understanding Your Financing Options

Common questions about manufactured home financing

What financing options are available for manufactured homes?

We offer chattel (home-only) loans, land-home packages, and conventional financing through our lending partners. Our primary lenders include 21st Mortgage, Triad Financial Services, Credit Human, and Lake Michigan Credit Union. Each option has different requirements, rates, and terms depending on your situation.

What is a chattel loan and how does it work?

A chattel loan treats your manufactured home as personal property, similar to a car loan, rather than real estate. This means you can finance the home without owning the land, making it ideal for leased lots or family property. Chattel loans typically have higher rates than mortgages but offer easier qualification and faster approval.

What credit score is needed to finance a manufactured home?

Our lenders work with credit scores as low as 575 for chattel loans, though 620+ gets better rates. We have options for a range of credit situations and can help you understand your best path forward. Pre-qualification is free and helps you see what you can afford before choosing a home.

How much down payment is required for a manufactured home?

Down payments typically range from 5-10% for chattel loans, depending on your financing option and credit. Conventional land-home packages may require 10-20% down. Cash buyers receive preferred pricing discounts on the home purchase.

Our Lending Partners

We work with the nation's top manufactured home lenders to find the best option for your situation.

21st Mortgage

Chattel & Land-Home

One of the nation's largest manufactured home lenders specializing in chattel loans and land-home packages with competitive rates.

Chattel loans availableLand-home packagesFlexible credit requirementsFast approval process

Best for:

Home-only purchases, buyers without land

Triad Financial Services

Chattel Loans

Industry leader in manufactured home financing with decades of experience in chattel lending.

Specialized in chattel lendingCompetitive ratesVarious term optionsStreamlined process

Best for:

Home-only financing, quick closings

Credit Human

Chattel & Mortgages

Member-owned financial cooperative with manufactured home expertise and personalized service.

Member-owned cooperativeCompetitive chattel ratesPersonalized serviceFinancial education resources

Best for:

Credit union members, competitive rates

Lake Michigan Credit Union

Land-Home Mortgages

Regional credit union serving Indiana and Michigan with land-home package mortgages.

Regional expertiseLand-home mortgagesCompetitive ratesLocal decision-making

Best for:

Land-home packages, Michigan buyers

Local Lenders & Credit Unions

Various

We maintain relationships with community banks and credit unions throughout our service area.

Personalized serviceLocal decision-makingCommunity focusFlexible terms

Best for:

Local buyers, established relationships

Compare Loan Types

Loan TypeDown PaymentCredit ScoreBest For
Chattel Loan
5-10%575+Home-only purchases, no land required
Land-Home Package
5-10%600+Buyers who own or are buying land
Conventional
10-20%620+Modular homes with good credit

Pros of Our Financing

  • ✓Multiple lender options ensure competitive rates
  • ✓Fast approval - often within 3-7 days
  • ✓Options for various credit situations
  • ✓No land required for chattel loans
  • ✓Land-home packages for buyers who own land

What to Consider

  • •Chattel rates higher than traditional mortgages
  • •Shorter loan terms (15-20 years typical)
  • •Credit score affects rate significantly
  • •Land required for best mortgage rates
  • •Pre-qualification recommended before shopping

Financing FAQs

Common questions about manufactured home financing and loan options

A chattel loan treats the home as personal property, like a vehicle, while a mortgage treats it as real estate. Chattel loans don't require land ownership, have faster approval, but typically higher rates. Mortgages require permanent foundations and land ownership but offer better rates and longer terms.
Pre-qualification can be completed in minutes online or over the phone. Full loan approval typically takes 3-7 business days once all documentation is submitted. This is significantly faster than traditional site-built home mortgages, which often take 30-45 days.
Yes, many homeowners refinance their manufactured homes after improving their credit or paying down the loan. If you purchase land later, you may be able to refinance from a chattel loan to a traditional mortgage, potentially lowering your interest rate and monthly payment.
You'll typically need proof of income (pay stubs, tax returns), bank statements, identification, and information about the home you want to purchase. For land-home packages, you'll also need property information. Our lenders guide you through the specific requirements for your loan type.
We don't provide in-house financing, but we partner with the nation's top manufactured home lenders. This gives you access to competitive rates and terms from 21st Mortgage, Triad Financial, Credit Human, and local credit unions. We help you compare options and choose the best fit.
Interest rates vary by loan type and credit profile. Chattel (home-only) loans typically range from 7-12%, while land-home mortgages are usually lower. Your specific rate depends on credit score, down payment, loan term, and current market conditions. We help you compare offers from our lending partners to find the best available rate.
Absolutely, and we recommend it. Pre-qualification shows you exactly how much home you can afford, strengthens your negotiating position, and speeds up the purchase process once you find your perfect floor plan. Most of our lenders offer free pre-qualification with no obligation.
Yes. Our lending partners offer chattel loans with flexible credit standards that work well for first-time buyers, and some states offer first-time buyer assistance programs. We help you explore all available options to make homeownership affordable and accessible.

Sources & References

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Related Resources

How to Finance a Manufactured Home: Every Option Explained

Complete guide to manufactured home financing. Conventional mortgages, chattel loans, and land-home packages compared with rates and requirements.

About Factory Direct Homes Center

Family-owned Champion Homes dealer in Auburn, Indiana. Serving 6 states, just 20 miles from the Champion factory.

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