Go to our Forms catalog to get your Chattel Mortgage on Mobile Home. You can easily browse through our categories or use your search bar to get results.A chattel loan is a type of mortgage for a movable piece of personal property, such as a manufactured home. Title to the home must be in Fee Simple if classified as real estate and vehicle title is surrendered or must be treated as personal property or Chattel. To Title a Manufactured or Mobile Home: 1. Complete a Manufactured Home Application (form TD-420-729 check appropriate box at the top). Are there any financing options to purchase manufactured homes under a business for the purpose of renting them? Where a traditional loan or mortgage involves the purchase of real property (land), a chattel loan only deals with movable personal property. The biggest disadvantage is that chattel lending has higher interest rates and shorter loan terms. Carraway has no legal or equitable interest in the mobile home and that the sale was not complete.