Fannie Mae vs Freddie Mac mobile home park loans
Both agencies lend up to 80% at 1.25x on parks. Size floors, park-owned home caps and sponsor rules are where they split. Side by side, with a worked example.
Guides
Size a mobile home park loan from the lot rent up.
How to buy a mobile home park
Work out which loan a park qualifies for before you offer on it. The seven things a lender checks, in the order we'd check them.
HUD 223(f) for manufactured home communities
HUD's MHC Program lends 90% at 1.11x on parks, but only to resident-owned, nonprofit, public, CDFI and Tribal buyers. Who qualifies, terms, an example.
How lenders treat park-owned homes
Lenders count rent from homes the park owns, up to a cap: 25% of homes at Freddie Mac, 35% at Fannie Mae. How the share is measured and how to fix it.
Can you get an SBA loan for a mobile home park?
SBA 7(a) and 504 loans can't finance a mobile home park. The SOP says so by name. What the rule says, why RV parks differ, and what to use instead.
Seller financing a mobile home park
A seller note can close the gap on a park purchase, but the first lender has to allow it and the park must cover both payments. A worked example, and the rules.
Tenant site lease protections on agency park loans
Agency park loans require 8 resident protections, including 60 days' notice of a sale or closure. The list, where Fannie and Freddie differ, and the cost.
How to value a mobile home park on lot rent
A park's value is its NOI divided by a cap rate, and NOI starts with lot rent. A worked 80-pad example, the lender adjustments, and where sellers inflate it.
Got a park in mind?
Send the pad count, occupancy and the loan you want. The desk will tell you which lenders will look at it.