APPLY NOW

Serious buyers get prequalified

Most agents and brokers require buyers to get pre-qualified before even starting to house hunt. Apply today to get your prequalification letter.

Minimum Requirements*:

(*Additional documents or information may be required):

  • Credit score: 550 (even with a cosigner)
  • Down payment: 5% - 10% (or higher if credit score is less than 600)
  • Documents: Photo ID, Social Security card (signed), Proof of Income (most recent 30 days), Proof of Down Payment (most recent 60 days)
  • Loan amount (minimum): $25,000. The minimum is $65,000 (if your credit score is under 600)
Apply Online
Learn More
mobile home financing

Before you start looking for your first manufactured home, we'll help you get prequalified.

Midwest Mobile Homes Loans can help you get pre-qualified and on your way to home ownership! Most agents/brokers will require you to get pre-qualified before they help you start looking for a home. Having a prequalification letter can help you focus your search on finding the perfect mobile home for you. It also makes the mortgage application process easier. With a prequalification letter in hand, you will know how much you could be approved before you even look at your first potential new home. Apply online today

Determine how your credit looks

Lenders want to see if you can make your loan payments on time. They will look at your payment history, how much money you earn, and any debts you currently have. They will use all this information and your credit score to see how reliable you are at paying back loans. Your credit score is important when it comes to getting approved for a mortgage. 

To get a home only (chattel) loan, many lenders will want you to have a credit score of at least 550. If your credit score is lower than that, it's a good idea to take a closer look at your credit report and make sure everything is correct. Also, make sure all your debts are paid on time and reduce your debts as much as you can. Doing these things will increase your chances of getting approved for financing.

What are your goals?

Request a Free Consultation

Get Started

About us

With years of experience in the mobile home industry, staff at Midwest Mobile Home Loans have earned a reputation for trust, reliability, and a focus on customer services. Our knowledgeable professionals are dedicated to providing our clients the best guidance and support. We’ll answer your questions, address your concerns, and ensure you have a smooth journey towards manufactured homeownership.

D Frank MLO Services dba Midwest Mobile Home Loans

Company NMLS: 2497825

Company State License: Michigan – Exempt Registration

Mobile Home Financing 101

Connect With Us

Instagram Facebook Youtube Linkedin
Resources

Contact Us

  • 586-894-8585
  • 844-435-6035
  • contact@midwestmhl.com
  • 801 W Big Beaver, Suite 300 346, Troy, MI 48084

Disclaimer: The content provided within this website is presented for information purposes only. This is not a commitment to lend or extend credit. Information and/or dates are subject to change without notice. All chattel loans are subject to credit approval. Other restrictions may apply. CHATTEL (HOME ONLY) MORTGAGE BROKER ONLY, NOT A MORTGAGE LENDER OR MORTGAGE CORRESPONDENT LENDER.

© 2024 Midwest Mobile Home Loans.
Facebook Twitter Youtube
Shopping Basket