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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.
PODCASTS
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 ProcessWe Make Mobile Home Loans Easy!
In Park Communities or on Private Property
1
Park Application
If you're living in a community, you'll fill out the park application. If living on private property, you'll need to follow these guidelines.
3
Insure Your Home
You'll need to insure your home to protect it against any disasters. You'll also list us as the additional lien holder.
4
Close the Deal!
Once you've completed all the previous steps, you'll sign the Mobile Home Agreement and the deal is complete.
A New Kind Of Underwriter
Are you working with financing companies that have credit score minimums, unattainable requirements and provide poor customer services? It's time for a CHANGE.
When it comes to underwriting, we don't solely focus on credit scores. Instead, we come up with viable solutions ensuring borrowers can afford their monthly payments. We know that credit score isn't the only detail that matters. Factors like rental history, debt-to-income ratio, and employment history all play a role in the approval process.
Why Park Owners Love
our Loan Guarantees
One of the biggest reasons park owners love working with us is our Loan Guarantees. This agreement ensures that NO mobile home EVER leaves their park!
Should the borrower ever default on their manufactured home loan, the park owner takes over the loan and either pays us the remaining balance or continues to make the borrower's monthly payments. If this happens, the park owner evicts the borrower, refurbishes the home, and getssell it again - often making another profit.
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
If we’re not yet in your state, feel free to reach out to us and we’ll see if we can meet your state’s requirements for mobile home financing! We’re a growing company and are excited to offer mobile home financing to park owners in multiple states.
AGREEMENTS & DOCUMENTS
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.
