Property type
Manufactured housing loans, matched to your deal
A manufactured housing loan finances a community of sites rather than the homes on them, an income model where residents typically own their home and rent the pad it stands on. That structure gives the asset unusually low turnover and light maintenance obligations compared with apartments, and lenders underwrite the site count, the utility infrastructure and the proportion of homes the community itself owns, which changes the risk profile considerably.
- 5,000+loan programs screened
- 5–8matches on a typical deal
- $0 upfrontto submit and compare offers
- 0.50–1.00%broker fee, paid only at closing
Who is a manufactured housing loan actually for?
Investors acquiring or refinancing manufactured housing communities and mobile home parks, held as income-producing property. It covers stabilised communities bought for cash flow and under-managed parks being repositioned through infrastructure work, occupancy improvement or bringing pad rents to market.
What do manufactured housing lenders disagree about?
Infrastructure and ownership mix. Programs take different views on private utility systems, particularly private water and sewer, because the community carries obligations a municipally served park does not. They also differ on park-owned homes: a community renting out homes it owns is running a different business from one that only leases pads, and some lenders limit how much of the income may come from that source.
How does getting matched actually work?
You describe the deal once — about five minutes — and it is screened against 5,000+ loan programs. Most deals return 5–8 matches, and the median first offer arrives in under an hour. There is $0 upfront; the fee is 0.50–1.00%, paid only at closing.
YieldStack is a commercial mortgage brokerage, not a lender. The rate, the leverage and the credit decision belong to the lenders competing for your deal; our job is making sure the right ones see it at the same time, so the terms you compare are real competition rather than one desk’s appetite.
What do lenders actually look at?
Every program weighs these in its own way — which is the argument for several quoting at once.
- Site count, occupancy and the pad rent against the local market
- Utility infrastructure, and whether systems are private or municipal
- The proportion of park-owned homes within the income
- Condition of roads, drainage and common infrastructure
- Any zoning or permit conditions attached to the community
Frequently Asked Questions
What is being financed, the land or the homes?
The community and its sites. Where residents own their homes, the income is pad rent, and the homes themselves usually sit outside the collateral.
Do park-owned homes change the underwrite?
Yes. Renting out homes the community owns is a different business from leasing pads, and programs differ on how much of the income they will accept from it.
Does private utility infrastructure affect terms?
Often. Private water and sewer bring maintenance and compliance obligations that a municipally served park does not carry, and lenders weigh that difference.
Are smaller communities financeable?
Site count minimums are program rules and they vary. Smaller parks have a narrower field of lenders, which makes comparing several more useful.
Can a repositioning be financed?
Yes, generally through bridge or value-add structures underwritten to the stabilised plan, whether that plan is infrastructure work, filling vacant sites or moving rents to market.
Is this the same as financing a single manufactured home?
No. Lending on one home to live in is consumer residential lending. This is business-purpose financing for a community operated as an income property.
Is YieldStack a lender?
No. YieldStack is a commercial mortgage brokerage, not a lender. Every term sheet comes from a lender in the network and is subject to that lender's underwriting.
Does it cost anything to see terms?
No. It costs $0 upfront to submit a deal and review offers; YieldStack's broker fee is 0.50–1.00% of the loan amount and is paid only at closing.
Is financing guaranteed?
No. Every credit decision is made by the lender; YieldStack arranges the introductions and negotiates on the borrower's side, and no loan, rate, or closing is guaranteed.
Next step
One deal.Several lenders.
YieldStack is a commercial mortgage brokerage, not a lender.