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Mobile, Manufactured and Modular Home Mortgages in BC
Quick answer: A manufactured or modular home on a permanent foundation on land you own can be financed much like a house, with as little as 5% down. A mobile home on a rented pad in a park is harder: fewer lenders, larger down payments and shorter terms. New factory built homes can now use CMHC's Prefab Plus insurance with draws during the build. Asim Ali knows which lenders finance each type.
How much could you borrow for your home?
Choose the option closest to you. The income box changes to match how lenders count income at that stage.
A manufactured or modular home on a permanent foundation, on land you own, is usually financed like a house, with as little as 5% down on an insured mortgage.
Estimated purchase price
$399,000
Based on our 5 year fixed rate of 4.75% (APR 4.75%, 5 year term), the stress test, debt limits of 39% and 44%, $300 a month property tax and $100 heating. An estimate, not an approval.
Documents for home on land you own
- CSA certification label or number
- Proof of permanent foundation
- Income documents
- Down payment history for the last 90 days
How lenders see each type of home
| Home | How it is financed | What to expect |
|---|---|---|
| Modular home on your land | Regular mortgage | Same rules as a site built home |
| Manufactured home on a foundation, on your land | Regular mortgage, insured or not | CSA label and foundation checked; from 5% down |
| Manufactured or mobile home in a park | Personal property loan or specialty lender | Larger down payment, shorter amortization, park approval |
| New factory built home | Insured draws during the build (CMHC Prefab Plus) | From 5% down, up to four draws |
Buying in a manufactured home park
In BC, manufactured homes on rented land are recorded in the Manufactured Home Registry rather than on land title. Lenders will check the registry, the pad rental agreement, the park's rules and how long the park is likely to remain. Pad rent counts in your debt ratios like a strata fee. Check your numbers with the GDS and TDS calculator.
Rural and Fraser Valley properties
Many manufactured homes in the Fraser Valley and the Interior sit on acreages. When the land is large or zoned agricultural, lenders may value only part of it. Asim also arranges vacant land mortgages and construction financing if you are placing a new home on your own lot.
Talk to Asim about your mortgage
Call 604‑591‑3590 now, or send your details and Asim will reply within one business day.
Call Asim now: 604‑591‑3590Book an appointment
Frequently asked questions
Can you get a mortgage on a mobile home in BC?
Yes. If the home is on a permanent foundation on land you own, it is usually financed with a regular mortgage. If it sits on a rented pad in a park, it is often financed as personal property, through fewer lenders and with more down.
What is the difference between a mobile, manufactured and modular home?
Mobile and manufactured homes are built in a factory to the CSA Z240 standard and moved to the site in one or two sections. Modular homes are built in sections to the building code and assembled on a foundation, and lenders usually treat them like site built homes.
How much down payment do I need for a manufactured home?
On your own land, the minimum can be 5% on an insured mortgage, the same as a house. In a park on a leased pad, expect lenders to ask for more, often 10% to 20% or more depending on the age of the home and the park.
What is CMHC Prefab Plus?
Announced on May 7, 2026, it is CMHC mortgage insurance for factory built homes. It allows as little as 5% down and up to four draws as the home is built and installed, so buyers can finance a new modular or manufactured home more like a regular purchase.
Does the age of a mobile home matter?
Yes. Many lenders limit the amortization to the home's remaining life and look closely at older homes. A home built to the CSA standard and well maintained is much easier to finance.
Want a lender's view of your numbers? Book an appointment with Asim Ali, ranked #4 in the CMP Top 75 Mortgage Brokers in Canada for 2026, or call 604‑591‑3590.