Finding a loan for a mobile home isn't like walking into a bank for a standard mortgage. It's messier. If the home is sitting in a park where you don't own the land, traditional banks often won't even talk to you. This is the world of in park lending, a niche where Tina Hulse has become a name people search for when they’re trying to navigate the "chattel loan" maze.
Honestly, the manufactured housing market is misunderstood. Most people think a house is a house, but the law disagrees. If you don't own the dirt under the structure, your home is technically personal property—like a car or a boat. This makes financing it a specific kind of headache.
Why In Park Lending Is Different
Most lenders want collateral they can't move. A mobile home in a park is, by definition, movable. That scares off big-box banks. In park lending refers to the specialized financial products designed for homes located within managed communities or mobile home parks.
You aren't just being judged on your credit score. The lender looks at the park itself. Is it a "five-star" community? Does it have paved roads? What’s the lot rent? If the park is falling apart, your loan application might hit a wall regardless of how much money you make.
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The Role of Tina Hulse
When people search for Tina Hulse in the context of lending, they are usually looking for a specific bridge between the buyer and the money. In the manufactured housing industry, loan originators act more like consultants than just paper-pushers.
The industry moves on relationships. A community manager might recommend a specific originator because they know how to get "home-only" (chattel) loans through the system. Dealing with titles, park approvals, and the unique HUD safety codes requires a level of nuance that your average mortgage broker simply doesn't have.
The Reality of Chattel Loans
Let’s talk numbers, but keep it simple. If you’re looking at an in park lending scenario, you’re likely looking at a chattel loan.
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- Interest Rates: They’re higher. Don’t expect the same rates you see on the evening news for 30-year fixed mortgages. You might see rates 2% to 5% higher because the risk to the lender is greater.
- Down Payments: Usually, you’re looking at 5% to 20%. Some programs claim 3.5%, but those often come with strings attached.
- Loan Length: Instead of the standard 30 years, many in-park loans are capped at 15, 20, or 23 years.
It’s expensive. But for many, it’s the only path to homeownership in an economy where "sticks-and-bricks" houses are priced out of reach.
Common Pitfalls to Avoid
I’ve seen people get stuck because they didn't realize the park has to "approve" them before the lender will finalize the check. You could have a perfect credit score and a stack of cash, but if the park manager doesn't like your application, the deal dies.
Also, the age of the home matters. Most in park lending professionals, including those working in high-volume offices, will tell you that financing a home built before June 15, 1976, is nearly impossible. That’s when the HUD Code went into effect. If it’s older than that, it’s technically a "trailer," not a "manufactured home," and lenders treat it like radioactive waste.
Is It a Scam?
Whenever you see individual names like Tina Hulse tied to specific lending niches, people get skeptical. It's a natural reaction. However, in the world of mobile home park investing and residency, specialized originators are the norm. The "scams" in this industry usually aren't the lenders themselves, but rather the hidden fees or "predatory" interest rates that people sign for without reading the fine print.
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Always check the NMLS (Nationwide Multistate Licensing System) number. Any legitimate loan officer must have one. If they can’t give you a license number, walk away.
Actionable Steps for Borrowers
If you're ready to move forward with an in-park purchase, don't just call the first number you see on a flyer.
First, get the park's rules and regulations. If the lot rent is scheduled to jump 20% next year, your "affordable" loan won't feel so affordable. Second, ask your lender—whether it's through a contact like Tina Hulse or a larger firm like 21st Mortgage—for a "Loan Estimate" early. This is a standard three-page form that breaks down exactly what you'll pay.
Compare the "Total Interest Percentage" (TIP). It’ll probably shock you. But in the world of in park lending, transparency is your only real protection.
Check the home's serial number and data plate before you apply. If those are missing, you’ll spend weeks chasing paperwork that might not exist. Get your documents in a row: two years of tax returns, your last four paystubs, and a clear picture of the park's lot lease agreement. Speed is everything in these deals.