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Little-Known Financing Programs for Manufactured Homes in Arizona

Disclaimer: This is not financial advice. Please check with your lender for financial details. Some of these programs are not available through many lenders. I am always happy to refer you to a lender who can help you.


The path to manufactured home ownership in Arizona has never been more accessible, thanks to several specialized financing programs that many potential homebuyers overlook. As Northern Arizona’s premier factory-built home provider, Southwest Homes is committed to helping families understand these valuable financing opportunities that could make their dream home more attainable than they imagined and to point you in the right direction in finding you the lender that will meet your needs.

Land-in-Lieu Program

For prospective buyers who already own land in Arizona, the Land-in-Lieu program offers a unique financing solution that transforms existing land equity into a down payment. This program features a tiered system based on credit scores, requiring only 10% equity for borrowers with scores above 600. Those with credit scores between 550 and 599 need 20% equity, making this program accessible to buyers with various financial backgrounds. (Check with your lender for availability and details.)

The flexibility of this program extends to its loan terms, offering 20-, 25-, or 30-year options. This variety allows buyers to structure their loans according to their financial goals and monthly budget constraints. The program particularly benefits those looking to place one of our customizable homes on their existing property, streamlining the entire financing process.

One-Time Close Construction Loans

The One-Time Close Construction Loan program revolutionizes the manufactured home buying process by combining land purchase and home construction financing into a single loan. This innovative approach requires a minimum credit score of 620 and is available through both VA and FHA channels. The program’s primary advantage lies in its elimination of multiple closing costs, potentially saving buyers thousands of dollars in fees.

This program complements Southwest Homes’ streamlined construction process, which is 12 months faster than traditional building methods.

Native American Direct Loan Program

This specialized program offers exceptional benefits for Native American borrowers seeking manufactured home ownership. With a minimal 2.25% down payment requirement and no minimum credit score, this program opens doors for many families who might otherwise struggle to secure traditional financing. The program supports both purchase and refinance options with maximum loan terms of 30 years. (Check with your lender for availability and details.)

True Home Only (Chattel) Loans

Chattel loans, also known as True Home Only loans, serve a crucial role in manufactured home financing, particularly for homes placed in manufactured home communities. These loans feature down payments as low as 5% for borrowers with credit scores of 575 or higher and offer terms up to 25 years. The program’s flexible credit requirements, starting at 550, make manufactured home ownership possible for buyers who might not qualify for traditional mortgages.

While chattel loans typically carry higher interest rates than conventional mortgages, they provide a valuable financing option for buyers interested in our energy-efficient homes, which start at $171,900 for a spacious three-bedroom model. (Some of these details may change from lender to lender and from situation to situation – check with your lender for information.)

“Affordable housing solutions tailored to your needs.” – Southwest Homes

Energy-Efficient Mortgage Programs

Energy-Efficient Mortgage (EEM) programs represent an innovative approach to manufactured home financing by considering the reduced utility costs associated with modern, energy-efficient homes. These programs often allow buyers to qualify for higher loan amounts based on projected energy savings. Southwest Homes’ commitment to energy-efficient construction makes our houses particularly well-suited for these programs. (Some of these details may change from lender to lender and from situation to situation – check with your lender for information.)

Are you ready to explore the possibilities of manufactured
home ownership in Northern Arizona?

Please feel free to contact me any time with questions, I’m always happy to help!

R.J. Gade at 928-361-0298 or visit our office at 8841 Florentine Rd Suite C, Prescott Valley AZ 86314 (by appointment).

Our team stands ready to help you discover how manufactured housing can provide the perfect blend of quality, customization, and affordability for your next home.

See our home page

As a Southwest Homes client representative, I’m standing by to help answer all of your questions, pick out your home, options, and customizations, and get the process started. I know that you may have lots of questions, and I NEVER mind answering them. It’s always best when beginning such a large project that you have all the information up front, and that is why I’m here. Don’t hesitate to reach out anytime!

– R.J Gade, SW Homes Sales Representative

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