A mobile home park loan files the land, pads, and lot-rent stream: pad count, tenant-owned vs park-owned homes, water and sewer permits, and a lot-rent roll — not a single-home loan package.
A mobile home park loan finances the commercial land-lease asset: pads, infrastructure, and lot rent. It is not a loan on one manufactured home. Banks, credit unions, and CRE lenders will ask for the items on this list on a park acquisition or refinance.
Jaken Finance Group underwrites MHP bridge and value-add files in all 50 states. Qualified bridge typically runs 8.99%–13.5% interest-only at 65%–75% LTV. Tenant-owned homes (TOH) are preferred; park-owned homes (POH) are accepted and modeled as a separate income stream. Program home: mobile home park loans.
Private water and sewer are the first items many desks scrutinize. If the park runs its own well or wastewater system, bring current state permits and the last inspection — not a verbal “it’s fine.”
Who this checklist is for
Investors buying or refinancing a land-lease mobile home park. Category: Land-lease MHP.
How Jaken Finance Group reads this file
Lot rent and POH home rent must be shown on separate lines. Mixing them hides vacancy and habitability risk.
Many older parks are legal nonconforming. Lenders want that in writing because it controls rebuild rights after a casualty. Get the zoning letter before you waive inspections.
If you are buying a 55+ community with a clubhouse and HOPA file, use the mobile home community checklist — that list adds amenities and age-restriction docs this land-lease list does not lead with.
Apply at commercial loan request or call (833) 264-7776.
What delays this file
- Pad count does not match the rent roll or the site map
- POH vs TOH not broken out — every home treated as lot rent
- Private well or lagoon with no current state permit
- Zoning letter missing on a legal-nonconforming park
- In-house chattel / home-financing notes omitted
- Occupancy given as “about 90%” instead of 24–36 monthly points
How to assemble the packet
- Map pads and home ownership. Confirm lot count, lot dimensions, site map, and a clear TOH vs POH split with VIN/title status on park-owned homes.
- Prove utilities and zoning. Municipal or private water/sewer with current permits, electrical metering, road ownership, and a written zoning or legal-nonconforming letter.
- Build the lot-rent file. Lot-rent roll, 2–3 years of occupancy, expense detail, and POH rental or in-house note income on separate lines.
- Submit the park package. Add entity docs, sponsor MHP experience, and the purchase contract. Upload on the commercial request form.
Program page: Mobile home park loans · Related: Mobile home community checklist · POH vs TOH underwriting · MHP & RV loan rates · MHP loan calculator
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50 items · 10 sections
0 of 50 collected
1. Entity & legal documents
2. Property & site information
3. Utilities & infrastructure
Privately owned water and sewer are among the most scrutinized items in MHP underwriting.
4. Financial performance
5. Occupancy & home data
6. Licensing, zoning & compliance
Many older MHPs are legal nonconforming — lenders want that confirmed in writing.
7. Environmental & flood
8. Sponsor / guarantor financials
9. Purchase & appraisal-related (acquisitions only)
10. Additional items commonly requested
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The same list as a branded PDF — print it or send it to your attorney, CPA, or seller.
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Other loan checklists
- Large Development Loan Checklist — Ground-up construction
- Commercial Property Loan Checklist — Office, retail, industrial, mixed-use
- Assisted Living Loan Checklist — Senior housing & RAL
- Mobile Home Community Checklist — MHC / amenities / 55+
- RV Park Loan Checklist — Outdoor hospitality