Finding Financial Assistance for Purchasing or Building a Mobile Home
If you’re considering purchasing or placing a mobile home on your property, you might be wondering if there are grants available to help make it more affordable. One real consumer, Shirley, recently asked whether there are grants available for people looking to buy or build a mobile home on their land.
The good news? Yes, grants exist—but so do other financial assistance programs that may better suit your needs.
Let’s break down what’s available and how you can maximize your chances of securing financial help.
Are There Grants for Mobile Homes?
The federal government does offer some grants for homeownership and home repairs, but they tend to be limited in scope and funding. One of the most relevant options is the U.S. Department of Agriculture’s (USDA) Section 504 Home Repair Program. This program provides grants of up to $10,000 to eligible homeowners who need to repair or improve their homes—including mobile homes. However, there are specific eligibility requirements:
- You must own and occupy the home (mobile homes included).
- You must have an income that falls below a certain threshold.
- The grant must be used for necessary home improvements (not purchasing a new home).
- The primary occupant must be age 62 or older.
Because of these restrictions, a grant alone may not fully cover the cost of a new mobile home, but it can help with renovations and essential upgrades. You can learn more about this program through the USDA’s official website (USDA.gov) or view the fact sheet here.
Loans May Be a More Viable Option
Since grants for mobile home purchases are relatively rare, it may be worth considering government-backed loan programs that offer favorable terms for qualified applicants. Two key programs to explore are:
- USDA Rural Development Loans – If your property is in a designated rural area, you may qualify for a low-interest, no down payment loan through this program. Learn more here.
- Federal Housing Administration (FHA) Loans – The FHA offers loans designed for manufactured and mobile home buyers, often with lower credit requirements than traditional mortgages. Learn more here.
- If you aren't eligible for the grant, the Section 504 Home Repair Program also offers 20-year term loans up to $40,000 with a fixed 1% interest rate.
In addition, some banks and credit unions offer mobile home loans with competitive interest rates. The key here is shopping around—compare interest rates and loan terms from multiple lenders before committing.
Pro Tip: Before signing any loan agreement, consult with a real estate attorney to review the terms and ensure you fully understand your obligations. This step could save you from unexpected financial pitfalls down the road.
A Little-Known Resource: Your Congressional Representative
Most people don’t realize that their elected representatives can assist them in navigating government programs. Your U.S. Representative or Senator’s office has staff members whose job is to help constituents cut through bureaucratic red tape—including finding and applying for federal grants or loans.
A simple phone call to your representative’s local district office can connect you with valuable information on financial assistance programs. They can also guide you in locating state and local grants that may not be widely advertised but could be a great fit for your situation.
For a list of your representatives' contact information at the federal, state, and local levels, visit USA.gov.
Final Thoughts: Know Your Options & Take Your Time
Shirley—and anyone in a similar position—has multiple avenues to explore when seeking financial help for a mobile home. Whether it’s a federal grant, a government-backed loan, or assistance from elected officials, taking the time to research all available options can make a big difference.
A few key takeaways:
- Grants are available, but they are typically limited to repairs and home improvements.
- USDA and FHA loans are strong options for financing a mobile home purchase.
- Your Congressional Representative’s office can provide guidance and help cut through red tape.
- Always compare lenders and have a professional review any loan contract before signing.
If you’re considering purchasing or upgrading a mobile home, start by researching the eligibility requirements for grants and loans, and don’t hesitate to reach out to professionals who can help.
For more consumer protection insights and trusted recommendations, visit TrustDALE.com.