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Manufactured Home Financing

Financing is especially critical in these economic times. Each customer has different financial needs and expectations, and that’s why we maintain relationships with numerous financial sources to give you a choice of banks to determine which is the best option for you.

 

We’ll Guide You Through Your Financing Options

 

Timberline Homes of Dothan can help guide you through several different financing options, no matter if you’re buying the home without land, using land-in-lieu of a cash down payment, combining land and home assets, or dealing with a below-average credit rating.

 

Manufactured Home Financing Options

Land-Home

These loans combine your owned land or land that you wish to purchase with the manufactured home you are buying. In this case, a mortgage would be filed, and property taxes will be assessed annually. The benefit of this type of loan is that customers with mediocre credit may be able to qualify. The land-home process generally takes longer than other types of loans.

Credit Repair

Timberline also offers a Credit Repair Program for customers that do not meet the minimum credit score requirements for our finance companies. This program is a free program for our customer and takes around 35-45 days to complete.

Land-in-Lieu

This type of loan is similar to a Chattel loan, except you may use owned land-in-lieu of a cash down-payment. You may also use a combination of both land and cash for your down-payment.

Home-Only or Chattel

This type of loan is when the customer is buying the home by itself without using land. This type of financing typically requires a down-payment of at least 5% of the price of the home (incl. tax). A higher down-payment will result in a lower rate of interest and may increase your ability to buy your home.

Get a Manufactured Home Loan

Simply call us to get more information about the manufactured home loans available to you and find out which loan best fits your needs.

Testimonials


Excellent staff that do not use high pressure sales tactics. They have a nice selection of mobile homes on their lot to choose from.

Darrel Mullis