I meet people all the time who think there is no financing available for used mobile homes in today’s market.Luckily, that is not true!I personally work with several different banks that finance used manufactured homes every day.Usually, the home needs to be 15 years old or less. Down payments depend on credit, but can be as low as 5%. The term is determined by the age of the home and can be anywhere from five to fifteen years.If you don’t have the money for a down payment, some banks offer a program called Land in Lieu which allows you to use your land instead of putting money down. This is a great option if you own land free and clear, but don’t have allot of cash on hand to put down.What about credit? Is credit score important when trying to get a loan on a used manufactured home? Absolutely!People with scores above 640 should have no problems at all securing financing. If your score is below that mark can still get loans, but down payment and interest rates go up the lower your score is. I have one bank that will only finance their own repos to applicants with scores below a certain level. The good news is that there are options for you if your credit is less than perfect! There are just more options available to those with a more favorable credit rating.Whatever your situation may be, find a reputable dealer in your area who has been doing business for a long time to help you through the process and show you what your options are.