Click on the questions below to reveal answers.

Q: How Long does it take to get Approved for Financing?

A: If you apply for financing by phone or apply online, it normally takes between 24-48 hours. Some purchase financing applications may take slightly longer in cases where additional information is needed. If additional information is needed, we will contact the appropriate party by phone and/or email. If you need an answer fast, simply call us at (800) 563-3549. The purchase financing approval you receive will be valid for 60 days and cannot change in that time period.

Q: What Types of AMHF Homes Qualify for Financing?

A: AMHF finances mobile homes, broken into three categories, manufactured homes, modular homes and park “RV” models. We can finance single and multi-section homes as follows, single section homes can be no older than 30 years. Multi-Section homes can be no older than 1976.

Q: Are there any Fees associated with Applying for Financing?

A: No, AMHF does not charge an application fee to finance a home. There may, however, be fees associated with the manufactured or mobile home financing program that you choose. Once you are approved for financing, your loan representative will go over all fees that will be financed into your new mobile home financing loan. The most common out of pocket expenses would consist of homeowners insurance and the cost of an appraisal and/or inspection. If the mobile home is in a leased lot community, there is commonly the first month’s rent to pay, along with a security deposit. Contact the park in question for details.

Q: Is an Appraisal Required?

A: An appraisal may or may not be required. An appraisal is required on a used manufactured home. New homes may or may not require an appraisal, but do require an inspection. Contact an AMHF customer service representative for more information.

Q: What are AMHF’s Foundation Requirements for Financing?

A: AMHF has no specific foundation requirements. As previously mentioned, the home must be set-up and in move-in condition, to include functioning electrical and plumbing. The mobile or manufactured home can be on blocks, iron pier settings, ground set, or on a full foundation with basement.

Q: How are Down Payment Amounts Determined?

A: Our minimum acceptable down payment is 5% of the selling price for those that qualify based on credit score. Depending on your credit score, your minimum down payment amount may vary.

Q: My Mobile Home is in a Park and/or on leased land, Can You Finance?

A: Yes. AMHF specializes in this type of manufactured & mobile home financing. We offer the lowest mobile home financing rates & fees available in the market.

Q: Does AMHF Finance Brand New Homes coming from a Dealer?

A: Yes, as long as the home is set-up and in livable condition prior to funding.

Q: Can I Buy a Home Directly From a Home Seller or Do I have to Use a Realtor?

A: Yes, you can buy a home directly from the home seller and/or owner. We will provide all closing instruments, to include a purchase agreement and closing statements. AMHF provides a complete internal closing / settlement service which is included with your new loan.

Q: My credit is not the best. Can I use a co-applicant on my loan?

A: Yes you can, but the co-applicant must reside in the house. Non-occupant co-applicants are not allowed.

Q: My credit is very limited. Can I use a co-signer on my loan?

A: Yes you can. A co-signer is only used in limited credit situations, not delinquent credit situations. A co-signer is only there to guarantee the loan. You must have enough income to be able to qualify for the housing expenses and other credit obligations on your own.

Q: I am self employed. Can I still buy a mobile home?

A: Yes, but there are some restrictions.

First, you must have been running your own business for at least 2 years. You must also be able to prove that you have had this business for that 2 year period. Required proof includes 2 years of business tax returns. Next, you must still be able to verify enough income to qualify for the loan. Your qualifying income is based on the average income over the last two years.

Q: Is there a minimum loan amount for your home loans?

A: Yes we do have minimum loan amounts. The minimum loan amount for Singles, Doubles or Modular Homes is $35,000

Q. Can a shorter term save me money?

A. By opting for a shorter term, you can save thousands of dollars in interest – not only because you’ll be paying off the loan sooner, but lenders generally offer better interest rates on shorter-term loans.

Q. I am interested in buying a home in a park, can AMHF help?

A. Yes AMHF can help with your home purchase for in-park or on rented / leased land. Simply submit an application or call us for more information.

Q. Should I refinance my mobile home?

A. Homeowners have all kinds of great reasons to refinance their mobile home. Complete a short application or call and we will gladly go over the monthly savings with you.

Q. Can I get financing for a repossessed home in a park?

A. Yes, please call us with the home address and the lenders name selling the home and we will assist you with the purchase.

We're sure to have a program that is right for you.

Complete and submit the online application, or contact us today and find out how we can finance your American Dream.

We accept inquiries and applications from Buyers, Owners, Realtors, Private Sellers, as well as Park Owners.

How can we assist you?

Contact us at (610) 631-1600

Or click the button to the right to fill out our application.