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Financing Solutions & Support

At Southern Sip Rolling Homes, our experience and industry knowledge allow us to help guide you toward the financing option that best fits your needs. We are familiar with a variety of financing solutions for mobile, modular, and manufactured homes, and our team is here to help make the process simple and straightforward. With the right support and guidance, getting into your new home may be easier—and faster—than you expect.

When you work with Southern Sip Rolling Homes, you’re not just purchasing a quality home at an affordable price—you’re gaining a team that will help you every step of the way. We work with trusted lenders who specialize in manufactured and modular home financing, helping buyers with a wide range of financial situations move closer to achieving the dream of homeownership.

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Types of Factory Built Home Loans

Land and Home

A Land & Home Loan allows you to finance both the home and the land together with one convenient mortgage. This option works similarly to a traditional home loan and is often used when you are purchasing land and placing your new manufactured or modular home on it at the same time. A down payment is typically required, and the lender will order an appraisal to confirm the value of the property once the home is installed. In many cases, a land survey may also be required to verify property boundaries and placement of the home.

Land in Lieu

A Land in Lieu Loan allows homeowners who already own land to use the equity in their property as a down payment on their new manufactured or modular home. Instead of providing cash for the down payment, the value of your land helps secure the loan. The land must be properly titled and free of liens. Similar to other mortgage-style loans, an appraisal will be ordered, and a land survey may be required depending on lender guidelines.

FHA

An FHA Loan is a government-backed financing option designed to help qualified buyers achieve homeownership with lower down payment requirements. This loan program has specific guidelines that must be met, including installation on an engineer-certified permanent foundation, FHA-compliant skirting, termite treatment, and required home inspections. FHA loans also require mortgage insurance and generally follow stricter property and qualification guidelines to protect both the buyer and lender.

Cash

A Cash Purchase is the simplest option for buyers who prefer to pay for their home outright without financing. Payment is made in full at closing, allowing for a quicker and more flexible buying process. When purchasing with cash, you may choose to title the home together with the land as real property or keep the home titled separately as personal property, depending on your situation and local regulations.

Chattel

A Chattel Loan finances the manufactured home itself rather than the land. This option is commonly used when the home will be placed on land you already own, land owned by someone else, or leased property. Because the land is not included in the loan, the home and land are taxed separately. Chattel loans can sometimes offer faster approval timelines and may be a good solution for buyers who do not plan to finance land with the home.

Community

A Community Loan is designed for buyers placing their manufactured home in a manufactured home community or land-lease community. In this arrangement, the homebuyer owns the home but leases the land from the community. A lease agreement is required, and the home and land are taxed separately. This option can be a great choice for buyers looking for a lower upfront investment while still enjoying the benefits of homeownership within a managed community.

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