Banks also are a major supplier of loans for mobile-home buyers. Mortgage Brokers act as intermediaries. A broker keeps tabs on the mortgage market through ties to local, regional and national lenders, and can refer a prospective borrower to a mortgage banker, savings institution or a commercial bank. Brokers don't lend money and can't approve loans. An employer may subsidize the interest or even act as a lender.
Unions are another possibility.
Unions that sign on can make first-time home loans available to eligible members for as little as three percent down. Lenders levy the fee to cover the costs of running credit reports, filling out mortgage-insurance applications. Take the paperwork you gathered during the prequalifying process with you. Be prepared to provide the name and phone number of someone who can verify your financial information - most likely your employer's personnel office. If you have substantial non-salary income from investments, you'll be asked to substantiate this through an accountant, stockbroker, trust officer or similar source.