Mobile Home Park Loans
Mobile Home Park Loans
Mobile home park loans—often called in-park financing—are designed for manufactured and mobile homes located in established communities where the land is leased rather than owned. These homes are common throughout California, especially in 55+ and senior communities, and financing them requires experience and the right lending partners.
At Compadre Mortgage, mobile home park loans are a core specialty. We help buyers and homeowners understand their options clearly, without confusion or sales pressure.
What Is an In-Park Mobile Home Loan?
An in-park loan is used when:
The home is located inside a mobile home or manufactured home community
The homeowner does not own the land beneath the home
Monthly space rent is paid to the park
These loans are different from traditional mortgages, but they are well-established, widely used, and often the most practical solution for park homes.
Homes we can finance.
We work with a wide range of homes commonly found in California parks, including:
HUD Code Homes (Built 1977 or Newer)
Most manufactured homes built after June 15, 1976 qualify for financing when they are:
Located in an approved community
Used as a primary or secondary residence
In reasonable condition
Pre-1976 Mobile Homes (Pre-HUD)
Some older homes can still be financed.
In California, financing may be available for homes built between 1970 and 1976, provided they are:
Located in approved communities
Used as a primary residence
Evaluated carefully based on condition and location
Many lenders automatically say “no” to older homes. We take the time to look closer.
Purchase and Refinance Options
Mobile home park loans may be available for:
Purchases – buying a home already located in a park
Refinances – lowering a rate, changing loan terms, or paying off an existing loan
Rate-and-term refinances – adjusting the loan without taking cash out
We’ll walk through the options and explain what applies to your specific situation.
Options for Different Credit Situations
Not every borrower has perfect credit—and that’s okay.
Some loan programs are designed to help:
Retirees living on fixed income
Buyers rebuilding credit
Homeowners who don’t fit traditional bank guidelines
Rather than focusing on a single number, we look at the full picture—the home, the community, income stability, and overall affordability.
Frequently Asked Questions
Why Work With Compadre Mortgage?
Mobile home park loans are not something every lender understands well. We focus on them every day.
Clients choose Compadre Mortgage because we offer:
Clear explanations, no industry jargon
Experience with senior and 55+ communities
Access to multiple loan options, not just one
Patience, respect, and personal guidance
Whether you’re buying your next home, refinancing to improve monthly comfort, or just asking questions, your experience matters to us.
Am I too old to qualify for a mobile home park loan?
No. There is no maximum age to qualify for a mobile home park loan. Approval is based on income stability, affordability, and the home itself—not your age. Many of our clients are retirees or 55+ homeowners, and we regularly help people living on pensions, Social Security, or retirement income. Our role is to help find a loan that fits your situation comfortably and responsibly.
How to Get Started
You can begin in whichever way feels most comfortable:
Apply online if you’re ready to explore loan options
Browse available homes to see what’s on the market
Start with a conversation—no obligation, no pressure