Collierville Estates is an owner-occupied community. We do not rent homes. All residents own their homes and pay a monthly lot rental fee.

Available homes are listed on the Online Application page. Residents of the community also sell their homes from time to time. Please note that if you plan to buy a home from a resident of Collierville Estates, you must first apply and be approved for residency by filling out an Online Application. Please email info@ColliervilleEstates.com with any questions.

Follow these steps: Complete and sign a purchase agreement form provided by the property manager. You may also request a digital copy of the purchase agreement by emailing: info@ColliervilleEstates.com Return the purchase agreement to the property manager along with proof of funds. Proof of funds may be a pre-approval letter from a lender if you plan to finance the purchase or a bank statement if you plan to pay in cash.

You’ll need to apply for residency at Collierville Estates by visiting www.ColliervilleEstates.com and clicking on “Apply” → “Online Application.” One online application must be submitted for each adult who will reside in the home. There is a nominal application fee to cover the cost of the required credit and background checks. If the applicant is not approved for residency, the purchase agreement will be null and void and the earnest money deposit will be refunded.

There is an inspection contingency period as stated in the purchase agreement. If the buyer chooses to exit the contract during this period, the earnest money will be refunded.

Some Memphis-area local banks and credit unions provide financing for manufactured homes. Local banks generally look for a minimum 10% down payment and a minimum credit score in the high 600 range. They also typically request three years of documented income and you will need to show that you have sufficient monthly income to pay the home payment and lot rent. There are also national lenders, such as 21st Century Mortgage, that offer financing. The interest rates for loans provided by national lenders are typically higher than local banks and credit unions.