Financing Services

Factory-Built Financing Made Easy

We have 1, 2 and 3-bedroom homes available to purchase with our in-house financing options — even if your credit is less than perfect. Our staff is well versed in the current financing options available for manufactured homes, and we’ve enabled many families to purchase their dream homes by helping them find a home loan that works for their personal financial situation. When you finance your new home at Sycamore Trail, your down down payments could be as low as $2,000, and monthly payments as low as $503! If your credit is well-established, we can lead you to financing options that will enable you to enjoy the many unique financial benefits of a conventional mortgage. It’s our goal to help every customer obtain financing that enables them to make the very most of their investment in their new home — contact us today to find out how.


Home Only Financing

Also known as Chattel loans, these are personal property loans made for the purchase or refinance of a manufactured home that is not permanently affixed to real estate. Down payment requirements can be as low as 5%. Terms for these loans are usually capped at 20 years. The interest rates are typically 3-4% higher than the traditional mortgage loan. If you’re interested in moving into Sycamore Trail and purchasing a home to place on your lot, then this type of loan is perfect for you — we can help you qualify and have you moved in with us quickly and comfortably.

Land Home Financing

Also known as a Conventional Mortgage, a Land/Home loan offers buyers many advantages for purchasing a manufactured home and land together. If you purchase a new home with us, but you wish to find your own land instead of renting a space at Sycamore Trail, we can help you take advantage of the many options this type of financing provides. This type of loan can offer a convenient front-end one-time close, and site improvements can be financed into them. You may not need to pay monthly Private Mortgage Insurance (PMI), and you may be able to buy down your interest rate as well. In addition, no permanent foundation or survey is required. You may qualify for longer loan terms, and closing costs and points can be financed into your loan, reducing your out-of-pocket closing costs.

FHA & VA Financing

If you’ve had some credit challenges in the past but currently have the ability to repay a mortgage, then FHA modular and manufactured home loans are an excellent option for you. In many cases, these loans have lower credit score and down payment requirements than conventional loan products—this means past credit challenges, or no established credit, will not automatically deter you from obtaining an FHA home loan.

The VA offers manufactured and modular home financing to active duty military, veterans, and their spouses. Like FHA loans, VA home loans have lower credit requirements, but they also carry significant additional benefits—you may be able purchase your new home without a down payment, you won’t have to make monthly PMI payments, and the home appraiser is selected independently by the VA, meaning the lender has little or no control over the appraisal process.


Applications: A "How To"

RENTAL: Application for Residency 


OWNER FINANCING:Application for Residency 


LAND-FOR-HOME: 21st Mortgage and/or Triad Application. Communications Disclosure. 


NEW HOME: 21st Mortgage and/or Triad Application. Communications Disclosure.

© 2019 by Sycamore Trail Manufactured Homes. 

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