Oregon Mobile Home Financing & Chattel Loan Calculator
Buying a manufactured home in an Oregon park? Your monthly cost is two numbers added together: the loan payment on the home, plus the space rent for the lot. Use the calculator below, then read the lender directory.
Monthly Payment Calculator
Type in your own numbers. Nothing here is a quoted rate or an offer of credit.
Oregon-Vetted Lender Directory (Informational Only)
These lenders are known to handle chattel and personal-property loans for manufactured homes, including homes in Oregon parks. Listings are informational only: GoOnMLS is not a lender or a mortgage broker, does not endorse any lender, and does not quote rates. Contact each lender directly for its current programs, terms, and requirements.
- Triad Financial Services — a national chattel lender for manufactured homes, including homes in land-lease communities. Contact Triad directly for current programs.
- 21st Mortgage Corporation — a national manufactured-home lender offering chattel and personal-property loans. Contact 21st Mortgage directly for current programs.
- First Tech Federal Credit Union — an Oregon-based credit union. Ask about personal-property / chattel loans for manufactured homes and whether your home qualifies.
- OnPoint Community Credit Union — an Oregon-based credit union. Ask about personal-property / chattel loans for manufactured homes and whether your home qualifies.
- Vanderbilt Mortgage and Finance — manufactured home loans from a Clayton Homes company, including home-only chattel loans for park homes and land/home loans. Ask about FHA and conventional manufactured home financing.
- Cascade Financial Services — mobile home loans and manufactured home financing, including chattel loans for homes in parks and on leased land, plus land/home loans. Ask about VA, FHA, and conventional options.
- JCF Lending Group — manufactured home loans and refinancing without land in the deal, built for home-only chattel borrowers in parks and communities. Contact JCF directly for current programs.
Disclaimer: Rates are determined by individual lenders based on credit, home age, and down payment. No rates are quoted on this page. Loan approval, terms, and availability are each lender's decision.
Before You Apply
- Park approval first. The park must approve you as the lot renter. A loan approval does not guarantee park approval.
- Title and taxes. The home's ownership document transfers through Oregon DCBS, and the county must certify taxes first (Form 2952). Read our title transfer steps.
- Home age matters. Older homes and pre-HUD-code homes can be harder to finance. Ask the lender about age limits before you fall in love with a home.
- Compare the full monthly cost. Loan payment plus lot rent, plus insurance, taxes on the home, and any separately billed utilities.
- Know the application form. Most lenders will have you fill out the Uniform Residential Loan Application (Fannie Mae Form 1003 / Freddie Mac Form 65). See the blank form so you know what paperwork to gather before you apply.
Common Questions
What is a chattel loan for a manufactured home?
A chattel loan treats the home as personal property, not real estate. That is how most park homes are financed, because you own the home but rent the lot under it. Terms are usually shorter than a mortgage, and the home itself secures the loan.
Do I need park approval before I can get a loan?
Yes, in practice. The lender wants to know the home can stay on its lot, and the park must approve you as the new lot renter. Start the park application early so it does not hold up closing.
What does my real monthly cost look like?
Add two numbers: the loan payment on the home, plus the monthly space rent for the lot. The calculator below adds them together so you see the full monthly cost.
Does the home need a permanent foundation?
No. Lenders finance single-wide and double-wide homes with or without a permanent foundation. New and replacement homes must have tie-downs under HUD rules. That is why financing works for homes on rented lots in parks, on leased land, and on family land.
How much of the price can I borrow?
Some lenders offer up to 95% of the home's value on a primary-residence purchase, so the down payment can be as low as 5%. The final number depends on your credit and the lender's rules.
Is homeowners insurance required?
Yes, in most cases. Lenders usually ask for proof of a full year of homeowners coverage before closing. Ask your lender whether the first year's premium can be rolled into the loan.
Who handles the appraisal, title work, and closing?
Your lender does. The lender picks the appraiser, orders the title work, and arranges the closing. You do not order those yourself.
Where does the loan close?
It depends on the loan type. A home-only loan usually closes through the lender, sometimes by mailed documents with a notary. A land/home loan is a real estate closing, so it closes with a title company or attorney.
Can I get pre-approved for a set amount?
Yes. Ask the lender for a pre-approval for a set loan amount. It still depends on the home appraising for enough value and on meeting all lender conditions.
Can I buy through a dealer or an agent?
Yes. Lenders finance homes bought from dealers, agents, and private sellers. Tell the seller or agent which lender you are working with.
How old can the home be?
Most lenders finance homes built in 1976 or later, after the federal HUD construction code took effect. Older homes are much harder to finance.
How long does it take from application to closing?
It varies by lender and by loan type. Home-only loans often move faster than land/home loans, which need a real estate closing. Ask your lender for its current timeline before you plan a move date.
What closing costs will I pay?
Closing costs vary by lender, by your credit, and by the rate you get. Some costs can be financed into the loan, and sellers can sometimes cover part of them as a concession. Ask your lender for a written estimate up front.
Do I need a survey or termite letter?
Usually not for a home-only loan, unless the title company needs one to issue title insurance. If you want a survey or termite inspection anyway, expect to pay for it yourself.
Looking for a home? Browse homes for sale in Oregon parks, or find a park in the Oregon Mobile Home Park Directory. Selling? List on the MLS for $99 flat — start your listing.