Financing a used manufactured home can be a smart way to make affordable housing a reality. Whether you’re looking at manufactured homes in a community or placing one on your own land, lenders will ask for certain legal documents to process your application. Knowing what paperwork you need ahead of time makes the financing process smoother and less stressful.
In this guide, we’ll break down the key legal documents most lenders require when applying for manufactured home loans, so you can move forward with confidence.
Title or Certificate of Ownership
Just like a car, manufactured housing comes with a title or certificate of ownership. This document proves legal ownership of the home and is essential when applying for financing. If you’re purchasing a used manufactured home, the seller must provide a clear title, free of liens or unresolved debts. Without this, lenders won’t approve the loan.
Bill of Sale
The bill of sale outlines the transaction between the buyer and seller. It includes details such as the purchase price, description of the manufactured home, and both parties’ information. This document acts as proof of the sale and is often required by lenders to verify the purchase agreement.
Land Documents (If Applicable)
If your manufactured home will be placed on land you own, you’ll likely need to provide land-related legal documents. These can include:
- Deed to the land: Proof of ownership.
- Survey or plat map: Verifying the boundaries.
- Zoning compliance paperwork: Confirming the land allows manufactured housing.
If the home is going into a manufactured home community, you may instead need to provide a lease agreement for the lot.
Affidavit of Affixture (If Converting to Real Property)
In some states, manufactured homes can be classified as real property instead of personal property. This requires an affidavit of affixture (or similar document) showing the home has been permanently attached to land. If you’re pursuing a mortgage-style loan, this step may be required.
Proof of Identity and Income
Alongside home-specific paperwork, lenders will also request standard legal documents like:
- Government-issued ID
- Social Security number
- Pay stubs, tax returns, or other proof of income
These documents help lenders confirm your identity and assess your ability to repay the loan.
Insurance Documentation
Many lenders will ask for proof of homeowner’s insurance (or mobile/manufactured home insurance) before closing the loan. This ensures the home is protected, which protects both you and the lender’s investment.
Why These Documents Matter
Legal documents aren’t just paperwork, they’re the backbone of manufactured home loans. They protect you as the buyer, ensure the seller is legitimate, and give lenders the information they need to provide financing. Having your documents ready means fewer delays and a quicker path to moving into your home.
Final Thoughts
Financing used manufactured homes doesn’t have to feel overwhelming. By gathering the right legal documents: like the title, bill of sale, land records, and insurance; you set yourself up for a smoother process. Lenders want to see clear proof of ownership, income, and property use before they approve a loan.
At ManufacturedHomeLoans.com, we make it easier to understand every step of manufactured housing financing. If you’re ready to explore manufactured home loans or have questions about the legal documents you’ll need, our information hub is here to guide you.
Take the next step today! Learn more about your financing options and get one step closer to owning your manufactured home.
