Can I get a loan on my mobile home title?

Quick Answer Yes, you can get a loan on your mobile home title. A mobile home title loan works similarly to a car title loan where you use your mobile home as collateral to secure the loan. However, not all lenders offer mobile home title loans.

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Jack Woerner Answer updated on May 28, 2023

Fact checked by Dwayne Dumesle

You can definitely get a loan using your mobile home title.

You can use the loan to cover all types of unexpected expenses such as medical emergencies, roof repair, or home improvement!

Learn: Where can I get a title loan?

Title loans on mobile homes are typically short-term loans that have high interest rates and fees. Just like your car is considered collateral in an auto loan, your mobile home is collateral for a mobile home title loan.[1]

But, beware, similar to auto title loans, if you fail to repay the loan on time, you risk losing your mobile home to the lender. I recommend that you carefully consider everything involved with a mobile home title loan before signing your John Hancock on the dotted line.

If you choose to go ahead, don’t take more than you can handle. Only borrow what you can pay back without losing your shirt. Or, more importantly, your home.

If you are interested in getting a title loan on a mobile home, you will usually need to meet the following requirements:

  • You must own the mobile home free and clear and have no liens or mortgages on it.
  • You must have the original title of the mobile home in your name and possess the actual title.
  • You must show proof of a steady source of income and be able to repay the loan according to the terms and conditions.
  • You must have a valid ID and proof of residence.

Even with all the correct docs, getting a loan for your mobile home is not exactly a piece of cake. Lenders may request a credit check, review your insurance, or ask for an inspection. Expect some paperwork, bargaining, and haggling.

Learn: Can I get a title loan online?

Remember: Not all lenders offer mobile home title loans. So, if you are in dire need of fast cash, you may have to seek other options. You could try your luck with an installment loan, swipe your credit card, or beg your nearest and dearest for some money. 😜

If you have no other option and you decide to pull the trigger on a mobile home title loan, just make sure you are only borrowing what you can repay. Be sensible, folks!

  1. Manufactured Housing Loan Borrowers Face Higher Interest Rates, Risks, and Barriers to Credit, New CFPB Report Finds ↩︎

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