21st Mortgage Review 2025: Your Top Choice for Mobile & Manufactured Home Loans?
21st Mortgage Review 2025: Your Top Choice for Mobile & Manufactured Home Loans?
Looking for a loan on a mobile or manufactured home in 2025? Here’s why 21st Mortgage might be your best bet.
🔥 Key Takeaways:- 21st Mortgage is the largest U.S. lender focusing exclusively on mobile and manufactured homes.
- Loan rates range from ~7% to 14%, with options like 0% down for eligible borrowers.
- No minimum credit score requirement—though low scores may mean higher down payments.
Buying a mobile or manufactured home? 21st Mortgage Corporation (NMLS #2280), founded in Knoxville, Tennessee in 1995, is your go-to lender—present in 46 states, servicing over 243,000 loans worth $16 billion.
What makes 21st Mortgage unique?
- Specialist focus: They only finance manufactured/mobile homes—no distractions from other lending types.
- No minimum credit score: Ideal for borrowers with limited or less-than-perfect credit.
- Flexible down payments: Well-qualified buyers can even skip the down payment; scores below 575 typically need ~35%.
- No mortgage insurance: Rates are higher, but PMI isn’t required.
- Fixed-rate terms: 25–30 years depending on home and land financing options.
Current rates & terms
Based on their site, typical rates range from 7% to 14%, depending on credit profile, home age, and collateral.
| Loan Type | Term | Rate Range | Notable Feature |
|---|---|---|---|
| Home + Land | Up to 30 yrs | ~7–14% | Fixed rate, no PMI |
| Home Only / Refi | Up to 25 yrs | ~7–14% | Chattel loan option |
Does 21st Mortgage fit your needs?
It’s especially good for:
- First-time buyers or those with credit <700
- Purchase of new or used manufactured/mobile homes
- No-land financing—perfect if you already own the land
- Refinancing existing manufactured home loans
It’s less ideal when:
- You want government-backed FHA/VA loans
- You’re buying in Alaska, Hawaii, Massachusetts, or Rhode Island
- You’re financing homes that need repair
How it stacks up vs. alternatives
Credit Karma ranks 21st Mortgage among top providers for mobile home loans—highlighting its lender experience and customer service. But Money.com’s June 2025 review suggests CrossCountry Mortgage wins on overall loan variety, though 21st leads for specialization and support.
What’s new in 2025?
- 21st Mortgage earned "Lender of the Year – Floor Plan" and volume awards in 2023 from MHI.
- They’re investing in digital tools—online calculators, payment estimators, eSign, and service portals.
- Team won 3rd in "Fittest Company Challenge" this month—solidifying corporate culture.
Apply with confidence
The full digital process takes about 2 days for preliminary approval; closing takes 4–8 weeks. You’ll need personal info, home specs, employment history, and credit authorization. Their support line is open weekdays 9 AM–6 PM ET.
What’s next?
If you’re shopping for a mortgage on a manufactured home, compare these top picks:
- 21st Mortgage: Specialist lender, flexible, easy online process.
- CrossCountry Mortgage: Broader loan types and FHA/VA options.
- Cascade Mortgage / others: Solid alternatives for varied borrower needs.
Are you ready to finance your new home? What’s your biggest concern—rates, credit, loan terms? Drop a comment or tag someone looking to buy!
