Can I Purchase a Mobile/Manufactured Home with Poor (or No) Credit?

November 6, 2017

Hames Homes LLC’s sister company, Circle Finance LLC NMLS #366020, looks at a variety of factors when approving a loan application. Credit score is just one of them.

The answer may surprise you.

First, we sort out “credit hopeless” from “credit impaired” applicants.  The credit hopeless seem to borrow money with little or no understanding, or worse yet, with little or no intention of paying it back.  

Credit impaired applicants are generally honest folks who’ve hit a bump in the road – illness, divorce, job loss, real estate foreclosure, etc.

For the credit impaired, there’s hope of purchasing a Hames manufactured home.  Barbara Hames-Bryant (NMLS #366201) and Curtis Hames IV (NMLS #1605565) are licensed mortgage loan originators with Circle Finance LLC[i].  We’ve had the training and experience to evaluate your credit report, job situation, income, and down payment to determine if a mobile or manufactured home loan will work for you.

Our mobile/manufactured home loans are:



Fully amortizing, fixed rate loans with no balloon payments.


Most loans require 10% down payment. Short term loans (7-15 years) build up equity faster in your home.


No loan closing costs or processing fees. No prepayment penalties.


Your monthly payments include taxes and insurance (“escrow”). We take care of paying your annual property tax bill and homeowner’s insurance for you.


Cash, check, or automatic payments can be made at any Hames office. Credit card payments can be made online.


At your option, automatic payments can be set up weekly, bi-weekly, bi-monthly or monthly according to your payroll schedule.


Interest rates for used mobile/manufactured homes are competitive with local and national lenders. 

Circle Finance mobile/manufactured home loans are available to customers living in Hames communities: Grand View and Summit ViewIn addition to home purchases from the Hames mobile home dealership, and listings in any Hames manufactured home community may apply for financing.

Apply today and see if you qualify!  Contact Barbara Hames-Bryant or Curits Hames, or call us at (319) 377-4863 for more information.  You’ll be one step closer to the home of your dreams. 

That’s the Hames Way – Make It Your Way!

[i] Circle Finance (NMLS#366020) is licensed through the state of Iowa Department of Banking, and fully compliant with all state and federal laws. 

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