Your Bank for Manufactured Housing

Clayton Bank is a household name in the Manufacturing Housing Industry. Our “friendly, fast, flexible” philosophy delivers an unparalleled customer service experience through each step of your loan. You will communicate with “real people” that work hard to earn your business and exceed expectations.

Available Programs

    • Conventional loans for Chattel (home only), Land Home & Land in Lieu.
    • New and used homes
    • Secondary housing, Vacation/Investment
    • Buy-for and Cosigner
    • All loans are fixed rate, fully amortized
    • No pre-payment penalty
    • Decisions are not based solely on credit score

No Hassle! Fast, Simple, and Convenient…Apply Today!

How to apply?

    • Complete our Credit Application (authorized retailer)
    • Fax the Application to 865-551-6959
    • Phone 865-522-2930

For Dealers

We currently offer Manufactured Housing Lending services in TN, MS, AL, KY, GA:

Manufactured Housing Lending Map

The following forms are available for your use:

New Dealer Packet
Clayton Programs & Literature
Customer Application
Customer Addendum

Contact Us

At Clayton Bank, you will communicate with “real people” no matter which way you prefer to contact us. Here are three ways to reach us:

Clayton Bank (CBT) started a niche lending product specifically for the Manufactured Housing (MH) industry in 2004 with the expertise of its former bank president, a long time MH broker and Jim Clayton, founder of Clayton Homes and CBT.

Since inception, CBT has originated over $450 million to MH Community Owner/Operators in 20 states. CBT’s primary focus is lending on the acquisition or refinancing of MH Communities between $1 and $10 million. In addition, CBT offers MH specific credit lines that allow the Community Owner to purchase new/used homes and finance homes that are sold or rented within their community or communities.

Rates will vary depending on Borrower credit worthiness and property financial condition.


Ideal Borrower:
  • “Hands-on” owner-operator
  • 3+ years of MH experience
  • MH is a main focus of business operations
  • Net Worth 2x desired loan amount
  • Personal Recourse required


Real Estate Loan
  • Purchase
  • Refinance
LTV 75%+
Loan Amount $1.5M-$25M
# of sites 100+
% of Park Owned Homes  unlimited


Line of Credit
  • Purchasing new/used homes
  • CapX Improvements
  • Financing Home Notes
Loan Amount $100k-$15M
 See below for LOC advance terms


LOC Advance Terms
Type Advance Amortization
New- occupied via rental, lwop, note Lesser of:

  • 85 -100% of invoice
  • Borrower responsible for set up
  • 75% contract balance
8-15 yr
Used- occupied via rental, lwop, note Lesser of:

  • 50-85% of NADA (w.add ons)
  • 50- 85% of Total Cost (invoice, set up, ac, steps, hook up, etc)
  • 75% contract balance
8-12 yr
  • New= <1yr old (See “New” advance above)
  • Used= >1 yr (See “Used” advance above)
  • 10% curtailment after 12 mos,
  • Additional 10% curtailment payment each 6 months thereafter
  • 30mos= full payoff
Used (older than 10yr) 50% of NADA (w.adds)  8 yr


DISCLAIMER: The aforementioned terms only outline possibilities. Terms will be subject to formal underwriting and term sheet formation/approval.

Existing Customers


  1. Check-By-Phone*:
    Call 866-592-2265 x158
  2. Moneygram:
    Receive code: 6390, your account number
  3. Overnight Mail Address:
    Clayton Bank & Trust
    520 W. Summit Hill Dr., Suite #801
    Knoxville, TN 37902

*Fee may apply

Loan Payoff

If you would like to know your loan payoff amount, contact a customer service representative at1-866-592-2265 x158.

We offer these written payoff options:

  • We will MAIL payoff amount to your home addres.
  • We will FAX payoff to you or a third party. To Fax your payoff to a third party, we will need
    your written authorization faxed to 865-544-1105.

To pay off your loan, please mail certified funds to the addresses below:


Clayton Bank and Trust
520 W. Summit Hill Drive, Suite 801
Knoxville, TN 37902


Foreclosure Prevention

If you are experiencing financial hardships please call an account representative today at 1-866-592-2265 x158.  One of our experienced representatives will review the options that are available to assist you.  Available options vary with the unique circumstances of each individual, but some alternatives include:

  • Long term arrangement plan
  • Payment extensions
  • Loan Assumption

Please click here to download the Clayton LMA application.


HUD-Certified Counseling Agencies: HUD is a U.S. government agency that offers free or low-cost counseling to homeowners. For a list of HUD certified counseling agencies in your area, please call 1-800-569-4287 or click the link labeled HUD-Certified Counseling Agencies to be taken directly to the counseling agency listings by state.

Change of address
To register a Change of Address, please complete our Change of Address form.

Customer Service:

Clayton Bank and Trust
520 W. Summit Hill Drive, Suite 801
Knoxville, TN 37902
(866) 592-2265 ext. 158

Hours of operation:

Monday – Thursday 8:30am – 7pm EST
Friday 8:30am – 6pm EST
Saturday 8:30am – 12:30pm EST

Switching Is Easy


We make it easy for you to switch from your old bank to Clayton Bank! Just call or stop by one of our convenient branches and you’ll be on your way to discovering our customer-friendly banking services.

View Our Branch Locations