Mobile Home Note Buyers

What Types of Mobile Home Notes Do We Buy?

We purchase seller-financed notes secured by manufactured homes and mobile homes that are permanently affixed to land. The key requirement is that the land must be included in the note's collateral. Here is what qualifies:

• Manufactured homes on owned land: The home is permanently affixed to land owned by the borrower and both are secured by the note.
• Double-wide and single-wide: We buy notes on both sizes as long as the land is included.
• Mobile homes on permanent foundations: Homes that have been de-titled as personal property and converted to real property.
• Modular homes: Factory-built homes that are assembled on a permanent foundation and treated as real estate.

What Affects Mobile Home Note Pricing?

• Land value: The land underlying the home is often the most important value driver. Properties with valuable land in desirable locations get better pricing.
• Home age and condition: Newer manufactured homes (post-1976 HUD Code) in good condition are more valuable. Older mobile homes may be discounted.
• Permanent foundation: Homes on permanent foundations that have been de-titled as real property (not personal property) command better pricing because they are treated as real estate.
• Payment history: 12+ months of on-time payments is critical. Clean payment records significantly improve the offer.
• Borrower equity: More equity reduces risk. LTV under 70% gets the best offers.
• Interest rate: Higher rates generate more cash flow, improving the note's value.
• Location: Properties in areas with strong land values and active markets are preferred.

How to Sell a Mobile Home Note

1. Submit your note details: Property address, home description (year, make, size), remaining balance, interest rate, payment amount, and whether the home is on a permanent foundation.
2. Receive your cash offer: Within 24 hours you get a written offer based on property and note analysis.
3. Close and get paid: We handle appraisal, title search, and all paperwork. Closing takes 21-30 days.

Frequently Asked Questions

Do you buy mobile home notes?

Yes, we buy notes secured by manufactured and mobile homes that are permanently affixed to land included in the note's collateral. The land must be part of the security.

How much is my mobile home note worth?

Mobile home notes with land typically sell for 65-85% of the unpaid balance. Newer homes on permanent foundations with strong land values and clean payment history command the top of that range.

Why do you require land to be included?

Mobile homes without land (chattel) depreciate rapidly and are treated as personal property, not real estate. This makes them much harder to foreclose on and recover value. When land is included, the property is treated as real estate with real estate foreclosure protections, making it a viable investment.

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