Manufactured Home Refinance
In Park

Manufactured Home Refinance – In Park

Refinancing a manufactured or mobile home located in a community or park can be a practical way to improve monthly comfort, simplify an existing loan, reduce monthly payments or shorten the term to pay your mortgage off sooner.
At Compadre Mortgage, refinancing in-park manufactured homes is a core specialty. We help homeowners understand their options clearly and move forward at a pace that feels comfortable.

What Does “In Park” Mean?

An in-park manufactured home is one that:
Is located in a mobile home or manufactured home community
Does not include ownership of the land
Has a monthly space rent paid to the park
These homes use a different type of financing than traditional mortgages, and refinancing them requires specific experience.

Why Homeowners Refinance In-Park Homes

Homeowners may choose to refinance to:
Lower a monthly payment
Replace an older or higher-interest loan
Move to a more predictable loan structure
Simplify finances during retirement
We focus on rate-and-term refinancing, designed to improve comfort rather than create unnecessary risk.

Homes That May Be Eligible

In Park Refinancing may be available for:
HUD Code manufactured homes (built after June 1976)
Certain older homes located in approved communities
Single- and multi-section homes
Primary and secondary residences
Eligibility depends on the home, the community, and the current loan—not just a single factor.

Designed With Retirees in Mind

Many of our refinance clients are 55+ homeowners living on:
Social Security
Pension income
Retirement accounts
There is no maximum age to refinance. Approval is based on affordability and stability—not age.