Frequently Asked Questions
What is Mobile Home Lending?
Mobile home lending consists of factory-built housing placed on leased or rented land. Typical mobile home lending transactions involve homes in mobile home parks or communities.
How Does Mobile Home Lending Work?
A mobile home loan is treated more like a personal loan than a mortgage loan. Since the mobile home is located on land you do not own, there is no mortgage documentation involved. A lien will be placed on the mobile home structure itself and the lender will evaluate your financial situation to see if you qualify.
Why Choose National Exchange Bank & Trust for Your Mobile Home Lending Needs?
National Exchange Bank & Trust is one of the few financial institutions in Wisconsin to provide financing for mobile homes which has allowed us to complete a significant amount of mobile home transactions. High loan volume has allowed us to become experts with knowledgeable staff ready to serve your lending needs. We have also grown trusted relationships with several mobile home dealers, parks, and communities in our lending footprint that allow us to better serve you.