Home Financing
Financing Your Manufactured or Modular Home
Buying a home is one of the biggest moves you’ll make, and at Atchafalaya Homes, we make sure it’s also one of the smoothest! Our team works directly with trusted lenders to help you secure the best financing for your manufactured, modular, or land-home package purchase. Whether you’re buying a home-only (chattel) or using land as collateral, we’ve got options for every credit situation and every type of buyer.
While we’re not a lender ourselves, we partner with a wide range of local, regional, and national lenders who specialize in financing factory-built homes. That means more flexibility, better rates, and faster approvals — all with one-on-one support from our in-house professionals.
Our full-time finance department specializes in Home-Only (Chattel), Conventional, FHA, and VA loans, guiding you through every step to make financing your new home stress-free.
Loan Options Available
– FHA Loans
FHA loans are backed by the Federal Housing Administration and perfect for buyers who may have lower credit or limited savings for a down payment. These loans often allow for higher debt-to-income ratios, making homeownership possible even if you’ve faced past credit challenges. The home must be built after June 15, 1976 and permanently installed on a foundation to qualify for FHA financing.
– VA Loans
We’re proud to help Veterans become homeowners. Through our lending partners, qualifying Veterans (typically with a 620+ credit score) can access $0 down VA loans for both manufactured and modular homes. Many lenders don’t offer this – but we do the extra work to connect you with those that do.
– Conventional Loans
Conventional loans are ideal for buyers with established credit looking for stable, long-term financing. These mortgages aren’t backed by a government agency, but often offer competitive rates and flexible terms for land-home packages or home-only loans.
Why Buyers Choose Atchafalaya Homes
- Loan options for all credit scores
- Financing available for land-home packages, home-only (chattel), or land-as-collateral deals
- Trusted relationships with multiple lenders: no one-size-fits-all approach
- Dedicated support team to walk you through every step
Land home package
We have licensed real estate agents ready to help you find land anywhere in Louisiana, Texas, Arkansas, or Mississippi, with flexible options that make it easy to bundle your home and land together.
Frequently Asked Questions
What documents do I need to start the financing process?
In order to start the financing process, the only required documentation is a valid ID or drivers license for proof of identification. However, we do recommend bringing in additional documentation such as check stubs, W2 forms, social security cards, source of down payment, and home delivery location information.
What's the lowest credit score needed to finance a home?
We work with lenders that work with absolutely any credit score, even as low as 300. Your credit score will determine your financing terms, such as down payment amount, interest rate, loan amount, etc- However, every single credit score has options.
Do you offer first time home buyer packages?
Yes, we do! First time home buyer packages would consist of land and home bundles that are purchased through government backed loans such as FHA and RD loans. While there are still certain criteria that have to be met to qualify for these loans, they are catered to first time home buyers to simplify the financing process.
What are the different types of loans available for your homes (e.g., FHA, VA, Conventional, Chattel)?
We offer a wide range of financing options through our select lenders. This includes home-only (chattle) loans where only the home is being financed, land and home loans where a home and a land purchase are combined into one bundle, and land-in-lieu options where you can use your land as collateral as equity for your down payment.
