Mobile Home Park Loans



We specialize in providing mobile home park loans for investors looking to purchase or refinance their apartment. Unlike the banks offering 15-year or 20-year amortization, we offer up to 30-year amortization. Fannie Mae and Freddie Mac small balance rates can start in the 4’s with a 30-year amortization.

What is the minimum amount for agency apartment loans?

Even though the agency apartment loan guidelines allow for a minimum loan amount of $250,000.00 dollars most lenders will not lend below $1,000,000.00 dollars. Since the minimum loan amount is $1,000,000.00 dollars, the purchase price or the appraised value should be around $1,300,000.00 dollars to $1,400,000.00 dollars or more depending on the loan to value.

What determines the rate and loan to value?

The rate and the loan to value is based on where the property is located, the breakdown of the units, affordability, debt service coverage ratio, loan to value, if the loan is a fixed balloon or and hybrid rate product (an example of hybrid is like an adjustable rate in the residential financing), if the prepayment penalty is a yield maintenance or a step down etc.


What is the benefits of financing your apartment under the agency apartment loans program versus a bank loan?


Type of Loan

Bank Loan

Fannie Mae

Freddie Mac SBL

No Yes Yes
Loan Term
3-5 years 5,7,10, 12 5,7,10 years
Interest Only
1-2 years 1-5 years 1-3 years
20 30 30
Max LTV (Acquistion/Refinance)
75%/75% 80%/75% 80%/75%
Property Occupancy
Flexible 90% for past 90 days 90% for past 90 days
Rehab Budget
Included in Loan Included in Loan – Limited Rehab Not included in loan
Prepayment Penalty
Limited to none Yield Maintenance Step Down
New Investor Experienced 12 months ownership Experienced/New Investor
What 3rd Pary reports needed
Appraisal starts at $2,500 up to 30 days
Engineering starts at $3,000 up to 30 days
Survey starts at $2,500 up to 30 days
Rate Lock
Bank locks rate after 10 days of committee approval
Fannie/Freddie – received 3rd party reports, all due diligence and after final approval
How Long to Close
Bank 45 days
Fannie/Freddie 45-60 days
Closing Cost
Under $10MM 3% of loan
Over $10MM 2% of loan


The benefit of the freddie mac and fannie mae loan products for you mobile home park is the loan will cash flow very well with the 30 year amortization.  The rates typically beat the local bank rates.  The Freddie Mac products typically want the loan amount to be above $10 million but the Fannie Mae product loan amount is lower.  I am located in Cedar Park, Texas near Austin but I lend nationwide.  So if you are looking to buy or refinance your mobile home park that is located in Texas or in another state, give me a call.   Call me today at (512) 650-8630 or 512-354-5949. You may also click here to fill out the form to get started today.