The process of obtaining a chattel mortgage involves several steps. First, the borrower must identify the asset they wish to use as collateral.Do you want to learn more about Chattel manufactured home loans in Arizona? Cascade Loans is here to help our Arizona customers today! What's Required to Qualify for A Chattel Mortgage? The forms below are fillable PDFs: Arizona Housing Fund Donation Form, Critical Date List (CDL) – September 2024, Loan Status Update (LSU) – February 2017. This form is furnished to give you a statement of actual settlement costs. A chattel mortgage only includes the personal property itself, not the land where the property is located. The forms below are fillable PDFs: Arizona Housing Fund Donation Form, Critical Date List (CDL) – September 2024, Loan Status Update (LSU) – February 2017. Essentially, the community is entitled to the principal of its investment in the property plus the proportionate share of the resulting equity.