Does the home have to be on a permanent foundation?

No. Triad finances single-wide and double-wide homes with or without a permanent foundation, which allows financing on rental land, in communities, on leased property, or on family land.

What is the maximum loan-to-value?

Up to 95% LTV on a primary residence purchase. Closing costs can be financed on top of the loan or covered by seller concessions, and credit scores determine the final LTV.

Is homeowners insurance required?

Yes. The borrower must provide proof of one year of full coverage at the time of closing. If a Triad Financial Services policy is accepted, the first year's premium can be financed.

Who orders the appraisal and title work?

Triad orders all necessary work on the loan and selects the appraiser. The realtor, dealer, or customer may select the title company.

Can a borrower apply directly?

No. All loan applications must be submitted by a Triad-approved dealer, so the borrower applies through the dealership rather than to the lender.

Where does the loan close?

On a home-only loan the realtor or dealer holds the closing, or documents are mailed to the borrower for notarisation, with funds disbursed within 48 hours of the closed package arriving. Land-home transactions must close with a title company or attorney, with funds disbursed at the closing table.

Chattel lenders

Triad Financial Services

Triad Financial Services, Inc. is a manufactured housing lender headquartered in Jacksonville, Florida. It has financed manufactured and mobile homes since 1959 and describes itself as focused exclusively on that property type, which traditional banks often decline.

Lending covers home-only (chattel) loans and land-home loans. Homes do not need a permanent foundation, which allows financing on rental land, in communities, on leased property, and on family land. Triad lends up to 95% LTV on a primary residence purchase, allows closing costs to be financed on top of the loan or covered by seller concessions, and makes the credit score the deciding factor on final LTV. It orders the appraisal and title work and selects the appraiser, and every loan application must be submitted by a Triad-approved dealer.

Beyond origination the company refinances existing loans, sells homeowners insurance (the first year's premium can be financed if its policy is accepted) and dealer general liability insurance, provides floor plan financing for dealers, and services its own loans. Borrowers in difficulty are routed to a hardship programme: an account representative for chattel loans, and a loan modification application for real-estate-secured loans.

Triad is licensed under NMLS #1063 in Jacksonville, with a Midwest regional office in Bourbonnais, Illinois (NMLS #18304) and a West Coast regional office in Anaheim, California (NMLS #249870). ECN Capital acquired the company in 2018. Rates and the list of states served are not published, so confirm both — and the approved-dealer requirement — before counting on Triad for a purchase.

Best for

Buyers financing a manufactured or mobile home with or without land, including homes in a community or on leased land, and dealers who need floor plan financing or general liability cover. Applications must come through an approved dealer.

What they do

Chattel (home-only) manufactured home loans
Land-home manufactured home loans
Loans on homes in communities or on leased land
Refinancing of manufactured home loans
Floor plan financing for dealers
Homeowners insurance for manufactured homes
Dealer general liability insurance
Loan servicing and payoff processing
Hardship assistance and loan modification

Details

Attribute	Value
Founded	1959
Ownership	Subsidiary
Other offices	Bourbonnais, IL, Anaheim, CA
Licenses	NMLS #1063, NMLS #18304 (Midwest regional office), NMLS #249870 (West Coast regional office)

What stands out

Has financed manufactured and mobile homes since 1959, and states 65+ years focused exclusively on the property type.
Lends up to 95% LTV on a primary residence purchase, with closing costs financeable on top of the loan.
Acquired by ECN Capital in 2018.
Licensed under NMLS #1063, with regional offices in Bourbonnais, Illinois and Anaheim, California.
Disburses funds on a home-only loan within 48 hours of receiving the closed loan package.

Common questions

Does the home have to be on a permanent foundation?: No. Triad finances single-wide and double-wide homes with or without a permanent foundation, which allows financing on rental land, in communities, on leased property, or on family land.
What is the maximum loan-to-value?: Up to 95% LTV on a primary residence purchase. Closing costs can be financed on top of the loan or covered by seller concessions, and credit scores determine the final LTV.
Is homeowners insurance required?: Yes. The borrower must provide proof of one year of full coverage at the time of closing. If a Triad Financial Services policy is accepted, the first year's premium can be financed.
Who orders the appraisal and title work?: Triad orders all necessary work on the loan and selects the appraiser. The realtor, dealer, or customer may select the title company.
Can a borrower apply directly?: No. All loan applications must be submitted by a Triad-approved dealer, so the borrower applies through the dealership rather than to the lender.
Where does the loan close?: On a home-only loan the realtor or dealer holds the closing, or documents are mailed to the borrower for notarisation, with funds disbursed within 48 hours of the closed package arriving. Land-home transactions must close with a title company or attorney, with funds disbursed at the closing table.