18 Ways To Finance A Manufactured Home Remodel

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26 Comments

  1. I am 60, disabled, and am on a monthly income of $750.00. My mobile home is on a rented lot, and is 18 years old. I have lived here all 18 years, but my home needs the wiring checked and I am sure, updated, my central air has had a leak for the last 4 years or so, so a new one is really needed, my furnace needs replaced, possibly, and I have loose siding a several other issues. I cannot possibly pay back a loan, and it seems there are no grants or funding available for homes on rented lots.

    1. Hi Julie,

      An 18-year-old home isn’t that old and once you get the maintenance and updates done you should get another good 18 years out of the home. Let’s take one issue at a time: Your wiring should be a fairly easy fix (no aluminum wiring has been used since 1978 or so) so the more likely issue is going to be loose connections to the outlets or switches. Your central air leak can be a quick repair. There are all kinds of leak remedies for the lines. Your furnace probably doesn’t need to be completely replaced, only a blower motor or something similar and ductwork needs to be retaped (always a good idea). The loose siding can be repaired with a few screws and a screwdriver.

      If you tackle one issue at a time and get at least 3 estimates to repair you may be surprised that you won’t need to replace.

      Best of luck!

  2. Hi, I just purchased my first mobile home. It’s a 1982, and has great bones. I replaced the sub-floors myself (980 sq. ft.). I am on a fixed income and I do not have a furnace. I am looking for either a guaranteed grant/loan. I am well below the very low income requirement.

    I am looking to get funds for the rest of the repairs (i.e., flooring, bathroom, ramp entrance to make my home handicapped accessible, etc…). I contacted my USDA Rural Housing Program and they cannot help because I do not own the land.

    Any guidance would be greatly appreciated. Thank you in advance for your time. God Bless.

    1. Hi Kathleen,

      All the information I have is in this article. Unfortunately, with the 2018 federal budget cuts in HUD and social programs, a lot of these grants and loans have been cut. It can’t hurt to just go down the list and contact the ones you may qualify for. You may want to contact your churches and such.

      Best of luck!

  3. I have a single wide 1997 Palm Harbor had it built and now the hardboard siding is falling apart. I did contact the Palm Harbor dealer also the plant where it was build and the Corporate Office they advised me they don’t have any information on what type of hardboard was used? I need help on replacing the hardboard and also need a new roof. i’m on a fixed income they do have programs where i live but not for Manufacture Homes,

    1. Hi Sandra,

      You will be better off to just replace the siding with vinyl or something similar. Especially since it’s falling apart after only 20 years. A lot of the materials used on manufactured homes decades ago are no longer available and even if you could order it from a supplier you are going to spend a ton on shipping. Go to your local mobile home supply store and see if they have anything. If they don’t go to Lowe’s. I doubt you’ll find a cheaper siding than vinyl.

      Best of luck!

  4. My family owns a 2003 single wide that repairs badly. My wife and I have good jobs and make $60,000 +(gross) a year but we have horrible credit and leanders won’t look at us because it’s a mobile home. After reading this it seems that the only real options we have is to just save but we are living paycheck to paycheck and can never seem to get ahead. Any thoughts on what we could do or look into?

    1. Hi Andy,

      Your situation is one of the big disadvantages to manufactured housing. Banks just don’t do equity loans without collateral and blood. I was able to increase my credit score by over 200 points in 24 months. If you can do the same you should be able to secure a credit card or personal loan (though having credit issues will always cost you more on interest, though). There’s an agency called Consumer Credit Counseling that has helped a few people I know. They may be able to help you get your score up a lot faster. That will absolutely open more doors for you.

      It took us 5 years just to get the bare basic improvements done on our single wide because we were living paycheck to paycheck. Every payday we would buy about $150 worth of materials and supplies. I’m still saving for that big kitchen remodel I want though.
      Best of luck!

  5. My parents have an old mobile home that completely paid off and has been for years. The home is a fixer upper. I’m 24, I work fulltime and I’m a full time college student. Are there any grant or loans out there to help me renovate my home?

    1. Hi Tedrick,

      Those are the only I know about and unfortunately with the new administration’s budget cuts several of these loans and grants will be/are no longer available as of Jan. 1, 2018. I know they reduced or gutted the weatherization upgrade programs, the voucher programs, the first-time homeowners program and several others. I’m still trying to find out exactly what programs were affected with HUD’s $13 billion in budget cuts but Mr. Carson won’t exactly answer the question (at least he wouldn’t the other day during a congress hearing). I’ll update the article as I find out. (I’m not trying to get political, just help people know what’s available to them and unfortunately, that list is shrinking).

  6. our mobile home had particle board originally used for bathroom flooring and well, that lasted maybe 20 years and we need to replace it. The double wide is paid off, but I have no idea how to get a loan or grant to cover the bathroom renovation. My husband and I make around 34k a year combined. Will that affect our ability to get a loan?

    THanks

    1. Hi Pam,

      You will probably be more likely to get a small personal loan as there isn’t a lot of places that will give an equity loan on manufactured homes. If you have a good relationship with your bank you may have some luck but be careful, equity loans aren’t always a good idea. Make sure you research everything well.

      Best of luck!

  7. Hi, I just bought a pre 1970 Aurora double wide in Huntington Beach Ca. I need it leveled and the roof assessed before it rains. Would like to insulate better and add solar can u help with any suggestions.

    1. Hi Jackie,

      You should be able to ask your local mobile home supply store for recommendations for a contractor that can re-level the home and look at the roof for you. Just give them a call! You may also be able to call your local manufactured home dealer and get a couple of good recommendations. Make sure to call references!

      best of luck!

  8. I want to purchase a nice rural property that has an older manufactured home on it that is in need of repair and some renovations. I own a home now but want to get out of the city. We will be selling our current home once we have another to move into. What loans are available for us?
    My husband is a 100% disabled veteran.

    1. Hi Sherry!

      I’m pretty sure the links in this article will get you to some good information for buying a home, too. The FHA and Veteran’s Administration have some programs available to veterans and first time home buyers. Contact some local banks and see if any of them work with those programs. If they don’t I bet they can point you in the right directions.

      Best of luck!

  9. Hi Crystal…I own a mobile gone. I’m a senior citizen and in desperate need to remodel. Help me find Grants thst will replace funaces, windows, and interior upgrades. I look forward to uour assistance and will supply you with any information you need to help me.

    1. Hi Michelle,

      This article should help you a bunch! Just click on the links and follow the directions for each grant/loan. It’s a lot of work to apply for these types of things but the payoff could be well worth it. I’d start with the local and state programs first and then work your way up to national and federal programs. You’ll need to google search your state along with the words home repair assistance or energy assistance programs and go from there. Each program will have their own application process so it will be time consuming but gather all the info before you start and make a day of it!

      Best of luck!

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  11. Hi crystal, Great website, very informative. Would I be able to get a loan/grant if I live in a mobile home that is parked in a mobile home park? It’s a 1980 Artcraft, it needs repairs from roof to siding. What I have read, I could not find any info about improving/repair mobile homes that sit in a mobile home park. Please respond, thank you

    1. Hi Katherine,

      I’m not very knowledgeable on the financial aspect of mobile home living (I had to get a lot of help while writing those articles) but I think it is pretty hard to get any kind of loan on manufactured homes (at least in WV it is). You may be able to get a personal loan easier than an equity loan. Some states have grants and loans available for older mobile home improvements so you may want to research a bit. I’d contact your local banks and credit unions and see what products they can offer you (just don’t let them pull your credit until you are ready to apply).

      Best of luck!

  12. Hi Crystal!

    I just discovered your site a few months ago and just love it! Thanks for the great content. My husband and I recently purchased a very small mobile home park (6 pads total but only 3 pads have trailers on them). The trailers came with the purchase of the park but are all very old (pre-1975) and in pretty rough shape. The park is in a rural area outside of Ithaca, NY. Our hope was to improve the park by either bringing on newer units and/or doing some significant work to the existing ones. Ideally we would do everything at once as to limit the amount of disruption in the park.

    So my question is do you know of any financing options for developing a small park like this? We do not occupy any of the units so I know that limits our options (but not to say we won’t in the future). I know it’s probably a long shot but just thought I’d ask!

    Thanks!
    Hollie

    1. Hi Hollie!

      There are some organizations that I have read about that helps parks with improvements, here’s a few:

      This PDF has some information about the HUD and FHA community grants:

      https://www.google.com/url?sa=t&rct=j&q=&esrc=s&source=web&cd=4&cad=rja&uact=8&ved=0ahUKEwish-GlpdfKAhUIWz4KHSkABU4QFggvMAM&url=https%3A%2F%2Fwww.nclc.org%2Fimages%2Fpdf%2Fmanufactured_housing%2Faccessing-public-resources.pdf&usg=AFQjCNGScXLnyRtWHpphqTR3_aslftA8Ow&sig2=5Y6p33J2LMgaQn0v2E1svw

      USDA Rural Development offers very low income housing repair loans and grants for rural homeowners and mobile home owners in approved parks in some states.

      NeighborWorks® Homeownership Centers offer home improvement, low cost energy, and septic repair loans in some states.

      This one link has some information about NY park help: https://www.google.com/url?sa=t&rct=j&q=&esrc=s&source=web&cd=6&ved=0ahUKEwjJp_T8pdfKAhXMVD4KHb8GAE4QFgg9MAU&url=http%3A%2F%2Fwww.nyshcr.org%2FTopics%2FMunicipalities%2FAHCGrants%2F&usg=AFQjCNEwtJh_wKtH7QxLFHLrLcs6TcKIbA&sig2=aZKKmreENUTcwB876puuLw&cad=rja

      http://www.nyshcr.org/Topics/Municipalities/AHCGrants/

      Here’s a Google search I did for help with mobile home park improvement help in NY: https://www.google.com/search?q=NY+state+help+with+mobile+home+park+improvement&rlz=1C1CHFX_enUS589US589&oq=NY+state+help+with+mobile+home+park+improvement&aqs=chrome..69i57.11862j0j9&sourceid=chrome&es_sm=0&ie=UTF-8

      There’s grants for just about anything – it’s dealing with all the application processes that is the difficult part! Best of luck to you!