Can I Get a Title Loan on a Mobile Home?

Title loans are a type of secured loan that require some type of vehicle as collateral, generally a car, truck, or RV. Depending on the age of your mobile home, its condition, and other factors, you may be able to use it to secure a title loan — even with a bad credit score. 

How title loans work 

1. Research title loan providers and apply. 
2. Arrange a meeting with a representative from the lender. This person will examine and appraise the vehicle you plan to use as collateral. 
3. Review the loan offer, which typically averages between 25% to 50% of the vehicle’s estimated value. 
4. Hand over the title to the loan representative. They will keep it until you have repaid the loan. 
5. Even though you no longer hold the title, you can keep using your vehicle. 

Title loans offer a convenient alternative for people who don’t qualify for traditional unsecured loans. The catch, however, is that if you can’t repay what you borrow (plus interest and fees), your lender takes possession of your vehicle. This makes title loans a risky option unless you know you can repay them. 

Can I get a loan on my mobile home title? 

Since mobile homes are often movable, some owners wonder if they can use them as collateral for title loans. The short answer is yes — many people have received title loans using their mobile homes as collateral. 

The long answer? Not all mobile homes will qualify, and not every title loan lender accepts mobile homes as collateral, so it depends. 

Lenders that do provide mobile home title loans evaluate several factors: 

Ownership status 

You can only secure a title loan using your mobile home if you own the home free and clear. You will have to provide the title or alternative ownership documentation to prove you’re the rightful owner. 

Home appraisal 

As with car title loans, a lending representative will come to your mobile home and appraise its value. The home appraisal will determine how large of a loan you qualify for. 

Mobile home age 

There are also age restrictions when it comes to using a mobile home for a title loan. Your home must meet standards set by the U.S. Department of Housing and Urban Development, including the requirement that it be built after June 15, 1976. 

Mobile home condition 

Your mobile home’s overall condition will serve as the basis for the home appraisal process and determine your loan amount. The better your mobile home’s condition is, the larger your loan amount could be. 

Lender specific requirements 

In addition to general requirements, such as having a post-1976 mobile home, each individual lender will have their own title loan stipulations. Many lenders, for example, won’t approve title loans for mobile homes built before 2000. 

Alternatives to a mobile home title loan 

If you prefer not to use your mobile home as collateral for a title loan, there are loan alternatives you could pursue. 

Home equity line of credit (HELOC) 

Although mobile homes don’t build equity as quickly as stick-built homes, yours could have enough to secure a HELOC. A mobile home HELOC works the same way a traditional HELOC does could be a good option if you need a large sum of money. 

Payday Loans 

Payday Loans are designed to give you a financial boost between paychecks. You can apply online or in person, and they’re available through a wide range of lenders. Just remember that you have to repay a Payday Loan in full on your next payday, so be sure to budget accordingly. 

Installment Loans 

Installment Loans are more flexible than Payday Loans in that you make multiple payments over time. You can borrow a larger amount in a lump sum and repay it in monthly payments. 

Line of Credit 

A Line of Credit could be a good option if you know you’ll need ongoing access to a recurring set of funds. As long as you repay what you borrow, the Line of Credit stays open for as long as you need. 

Car title loan 

If you want a title loan but don’t want to use your mobile home as collateral, consider using your vehicle instead.