Manufactured home flip loans — Indiana market example. Jaken finances manufactured home fix and flip projects nationwide in all 50 states when the home is real property on owned land. National program: mobile home fix and flip loans.
Indiana northern Amish country corridor and central rural markets offer $70K–$150K acquisition bases — see Hammond 100% financing case study for Midwest flip economics. Elkhart and Kosciusko counties sit in the RV/MH manufacturing corridor, producing steady inventory of affixed double-wides on rural acreage. Rate and leverage bands: fix and flip loan rates
DSCR hold exit: DSCR loans for manufactured homes · Indiana DSCR · Flip guide: flipping mobile homes with land
Indiana market fit
| Market | Why it works | Diligence |
|---|---|---|
| Elkhart / Kosciusko | RV/MH manufacturing corridor | Comp discipline |
| Marshall / Starke | Rural acreage + MH | Well/septic |
| Southern Indiana | Low basis | Distance to comps |
| NW Indiana fringe | Chicago spillover | Flood, comp radius |
ARV guide: manufactured home ARV and comps · Chattel vs real property: chattel vs real property guide
Jaken terms (Indiana manufactured flip)
| Parameter | Range |
|---|---|
| Rates | 8.99%–13.5% IO |
| LTC | Up to 90% purchase + 100% rehab |
| ARV cap | 75% |
| Close | 7–10 business days |
Worked example — Kosciusko County double-wide
| Line | Amount |
|---|---|
| Purchase | $88,000 — 1999 double-wide on 1.1 acres, block foundation |
| Rehab | $28,000 — HVAC, bathroom update, siding, skirting |
| ARV | $152,000 — real-property comps within 15 miles |
| Hard money | 88% LTC + full rehab holdback at 8.99%–13.5% IO |
| Holding costs | ~$7,400 — interest, taxes, insurance over 7 months |
| Exit | FHA sale at $149,500 — 7-month hold, ~$22K net before tax |
Indiana diligence checklist
- County recorder affixation — title retirement varies by county
- HUD data plate and foundation engineer letter — required for FHA exit
- Real-property comps only — no stick-built MLS imports
- Well + septic inspection — standard on rural acreage
- Winter rehab timeline — size hold period for cold-weather delays
- Park-lot confusion — pad-lease deals use chattel, not this product
Exit alternatives
| Exit | When |
|---|---|
| Retail flip (FHA/VA) | Permanent foundation + HUD labels |
| BRRRR hold | DSCR loans Indiana after lease-up |
| Wholesale | Assign if ARV supports end buyer hard money |
Exit and refinance path
Indiana Amish country and central rural corridors offer $70K–$150K acquisition bases — see Hammond 100% financing case study for Midwest economics. Real property title and HUD foundation letter required before FHA exit. Narrow comp radius on rural files — extend to 12–15 miles max with documented manufactured sales only.
Related Indiana programs
- Fix and flip loans Indiana
- Hard money lenders Indiana
- Mobile home park loans Indiana
- Fix and flip calculator
Get pre-qualified · Submit flip file · (833) 264-7776
Indiana example — nationwide lending on real-property manufactured flips.