21st Mortgage Corporation Review
See how often this lender beats the typical offer on 2025 loans.
How Bankrate scores 21st Mortgage Corporation
- Price competitiveness
How often this lender's borrowers pay at or below the typical price for a comparable loan.
1 out of 5 - Amount of overpayment
How much extra borrowers ended up paying with this lender compared to the best price for a comparable loan. A higher percentile score is always better.
1 out of 5 - Customer complaints
How often consumers complain about this lender, and whether they get relief.
0%1 out of 5 - Where and what they lend
How many states and loan types this lender serves.
73%4 out of 5
No lender can pay for a higher Bankrate Rating. Every score comes from the same data and criteria.
2025 ratings, across all four measures
A few more details worth knowing
Though these don't affect the star rating, we show them so you have the full picture.
For applicants age 62 and older, we measure two things: whether this lender denies them more often than its own lending patterns would predict after accounting for loan size, income, debt-to-income ratio, and loan type; and whether it lends to them at rates similar to comparable lenders. One of those two measures fell outside the expected range. Credit scores are not available in this dataset, so they are not included in the analysis. Because that variable is held constant across all lenders, it should reduce the extent to which missing credit-score data affects comparisons between them.
We looked at how often a lender's applications end up as closed loans, not counting any that were denied or the applicant withdrew. At this lender, fewer than 90% did, which might mean quoted terms changed before closing, applicants stepped away, or both.
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What Bankrate's editors think
21st Mortgage is one of the few lenders financing manufactured and mobile homes without a permanent foundation. It sets no minimum credit score, but scores under 575 usually require a 35% down payment versus 0% down for well-qualified buyers. But that access will cost you: none of its loans price at or below what comparable borrowers pay elsewhere, and its overpayment over eight years ranks at the very bottom of every lender we rate. That’s a big part of the reason why 21st Mortgage earns an Overall Score of 1.
The bigger issue is that more than 6 in 10 approved applicants never make it to closing. A lower closing rate can have many causes, so it’s worth asking the lender directly what typically happens to its deals before you commit to a home. Complaint volume is also high relative to loan volume, so read the loan and servicing terms closely before you sign.
21st Mortgage fills a gap in the market that big banks avoid — but between the pricing and the closing numbers, go in with clear eyes about the trade-off.
At a glance
Good for buyers who can’t get a manufactured or mobile home financed elsewhere, especially those without a credit score. But 21st isn’t a good fit if you have decent credit and access to a conventional or FHA-eligible property; explore both options before considering this lender.
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Get today's rates for youCompare 21st Mortgage Corporation with any of our rated 1,962+ lenders. We start by stacking it up against a lender of similar reach and scale — but you can swap in any lender you’d like.
Figures are drawn from public lending and complaint data and weighted by loan volume.
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