Manufactured Home & Leased Land Financing Resources
Looking to purchase a manufactured home in a land-lease community?
Financing a manufactured home can be different from financing a traditional home. Depending on the age of the home, community requirements, and lender guidelines, buyers may need a chattel loan rather than a conventional mortgage.
To help you get started, I've compiled a list of lenders who frequently work with manufactured homes and 55+ communities throughout Massachusetts.
What Is a Chattel Loan?
A chattel loan is a type of financing commonly used to purchase a manufactured or mobile home located on leased land rather than land you own.
Unlike a traditional mortgage, which finances both the home and the land beneath it, a chattel loan finances only the home itself.
Chattel loans are often used in many 55+ manufactured home communities where residents own the home but lease the land through a monthly site fee.
Because these loans differ from traditional mortgages, they may have different requirements for:
• Down payment
• Credit score
• Loan terms
• Interest rates
• Home age and condition
Many buyers are surprised to learn that financing options are available for manufactured homes, even when the home is located on leased land.
If you're considering a manufactured home in a 55+ community, it's important to understand your financing options before you begin shopping so you know what homes and communities may be a good fit for your budget.
To help you get started, I've compiled a list of lenders who frequently work with manufactured homes and leased-land communities throughout Massachusetts.
Still Exploring Your Options?
Choosing the right home involves more than financing.
Before purchasing a manufactured home, it's important to understand the differences between mobile, manufactured, and modular homes, as well as leased land communities, resident-owned communities, financing options, and ownership structures.
Understanding Mobile, Manufactured & Modular Homes in Massachusetts
Learn what every buyer should know before purchasing a manufactured home.
Local 55+ Real Estate Expertise You Can Trust
Hi, I'm Pam Corning, a REALTOR®, Seniors Real Estate Specialist (SRES®), and downsizing specialist serving Plymouth County, the South Shore, and Southeastern Massachusetts.
I help adults 55+, downsizers, and families navigate some of life's biggest transitions, including moving to a 55+ community, finding a single-level home, selling a longtime family property, or managing an inherited home sale.
With extensive knowledge of 55+ communities, manufactured homes, leased-land communities, condominiums, and one-level living options throughout Plymouth County and the South Shore, I help clients understand their choices and create a plan that fits their goals, lifestyle, and budget.
Whether you're exploring active adult communities, considering a move closer to family, looking for lower-maintenance living, or preparing to sell before you buy, I'll provide clear guidance, local market expertise, and practical resources every step of the way.
My goal is simple: to help you make informed decisions, avoid costly mistakes, and move forward with confidence.
Let's make your next move simpler, less stressful, and right-sized for the life you want next.