Question: Can I get a mortgage for a mobile home?

Answer: In 1976, the Department of Housing and Urban Development (HUD) began to regulate mobile homes. One benefit of such regulation is that mobile home standards have improved over time, something which makes them more attractive to lenders.

That said, a mobile home may or may not be real estate. In some states they are regarded as personal property, in other states and under certain conditions they can be considered "real estate."

When is a mobile home real estate? Some tests might include: When the home is no longer mobile. When the land beneath the home is owned by the mobile home owner. When there is a deed for the home and not merely a bill of sale. When the owner is able to provide title insurance. Etc.

A mobile home that is not defined as "real estate" is personal property, much like a car or boat.

For details, speak with local brokers and lenders.