What is a Home-Only Chattel Loan?
Since 1999, LoanJunction.com chattel loans have been the mainstay for mobile home loans around the country. We pride ourselves on keeping the lowest cost lowest rate chattel home loans in the country. What is a chattel loan? The term “chattel loan” simply means your home is titled as personal property, not as real estate. What does that mean to you? It means you can finance your factory-built manufactured home by itself without a lien tied to your land. If you don’t own land visit our comprehensive park directory for your state. A person seeking to get financing on a manufactured home where the land is not owned by them would be looking for “home only” financing, which the mobile home industry calls Chattel financing. Chattel simply means that the customer is seeking to borrow money on a home by itself not including any land or land improvements. LoanJunction.com is a national lender that has a mobile home mortgage product. If you are looking for mobile home financing for the purpose o
