Manufactured Home Financing

Get Your Financing Questions Answered

Timberline Homes of Jasper has several financing options, whether you’re buying the home without land, using land-in-lieu of a cash down payment, combining land and home assets, or dealing with a less-than-average credit score. Timberline will help guide you to the best financing option for you and your loved ones to enjoy your new home.

Manufactured Homes Financing Options

Land-Home

Land-home loans combine your owned land or land that you wish to purchase with the manufactured home you’re purchasing. In this case, a mortgage would be filed, and property taxes will be assessed annually. The benefit of this type of loan is that customers with mediocre credit may be able to qualify. The land-home process generally takes longer than other types of loans.

Land-in-Lieu

This type of loan is similar to a Chattel loan, except with this loan, you may use owned land-in-lieu of a cash down payment. You may also use a combination of both land and cash for your down payment.

Home-Only or Chattel

A home-only, or chattel, loan is when a customer is buying the home by itself without using land. This type of financing typically requires a down payment of at least 5% of the price of a home (including tax). A higher down payment will result in a lower rate of interest and may increase your ability to buy your home.

Credit Repair

Timberline Homes of Jasper also offers a Credit Repair Program for customers who don’t meet the minimum credit score requirements for our finance companies. This is a free program for our customers, and it takes around 35-45 days to complete.