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Mobile Home Industry
Growth in the
As of 2020, approximately 20 million Americans live in mobile homes. This number reflects the growing demand for affordable housing options. It's estimated this number will grow annually by 10% for the next 15 years. The challenge becomes having enough mobile home parks to sustain this growth and provide borrowers with a reputable source of financing.
The high demand for affordable housing is a significant challenge for many low-income households and retirees. Despite higher interest rates, mobile homes are an affordable housing option for those on a limited budget and many borrowers are willing to pay the monthly amount, as it fits within their budget and allows them to maintain their homes.
The rising cost of renting apartments has made mobile homes an attractive option for those seeking affordable housing.
The gap between the cost of renting an apartment and owning a mobile home is closing, and owning a mobile home can provide residents with the opportunity to build equity over time.
Click on the links below to listen to our podcasts
Embrace the Change
Keyhole Connect offers unique financing options to borrowers looking to finance homes in their communities.
Below are some of the reasons mobile home parks love working with us:
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Financing any type and year of mobile home
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Financing mobile homes from $15,000 up to $150,000
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Repayment terms from 5 to 10 years
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Closing is all "digital" and takes approximately 3-4 weeks
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We treat you like customers, not numbers
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We keep in constant communication with park management
A Simple & Quick Process
1
Park Application
The first step is to select your mobile home, fill out the park application and contact us to continue the borrower process.
2
Borrower Application
The next step is filling out the borrower application that goes to ourunderwriter, who makes sure you're able to afford living in the community
3
Close the Deal!
Once approved by the park and underwriter, the borrower and lender sign the Mobile Home Agreement and the deal is complete.
A New Kind Of Underwriter
If you're working with financing companies that have credit score minimums and unattainable requirements, take several months to process loans, and give you and your borrowers lackluster customer service, it's time for a change.
When it comes to underwriting, we don't solely focus on credit scores, but come up with viable solutions ensuring borrowers can afford their monthly payments.
Why Park Owners Love
our Personal Park Guarantee
One of the biggest reasons park owners love working with us is our Personal Park Guarantee. This agreement ensures that NO mobile home EVER leaves their park!
If the borrower ever defaults on their loan, the park owner takes over the loan and either pays the remaining balance or continues to make the borrower's monthly payments. When this happens, the park owner evicts the borrower, refurbishes the home and gets to sell it all over again.
Working With Us
The states in which we can finance changes all the time. Currently, these are the states where we're working:
Alabama
California
Colorado
Delaware
Florida
Illinois
Indiana
Iowa
Kansas
Kentucky
Maryland
Michigan
Minnesota
Mississippi
Nebraska
New Jersey
New York
North Carolina
Ohio
Oklahoma
Pennsylvania
South Carolina
Texas
Utah
Virginia
Wisconsin
Wyoming
Fill out this link if you have a potential borrower you'd like us to contact.
These are our agreements we use for both the borrower, investor and park owner.
Financing Options That Work.
It's Time for a Change.
