It is very important you weigh your financing options when finding mobile homes for sale. Depending on where you go for financing your mobile home can drastically change the rate you receive. I have seen people obtain financing as low as 7% and as high as 23%. The difference between the rate you obtain can be a big deal in what mobile home you can afford and how much money you have left at the end of the month.
The reason for the different rates comes from whether you can obtain traditional financing for your mobile home or non-traditional. If you can get a loan through one of the major banks you can expect to be on the lower side of the scale. If your credit is not so good and you cannot get qualified through the traditional setting, then you will be on the higher side of the scale.
In my opinion, two great places to connect with professional agents that specialize in mobile home loans would be MHUnited.com and MHVillage.com. With both options you will find qualified agents to help you with your financing needs. If you cannot get qualified through one of their professionals you should contact 21st Mortgage, but that will be on the high side of the scale.
Financing through your mobile home park is always an option. There are many mobile home parks. throughout the United States that will finance everyone no matter how bad there credit is. If you go this route it is typically much less hassle then trying to get approved through your bank but you can expect the rate to be around 16%.