Dallas Fintech Startup Zippy Raises $20M to Accelerate Lending Platform for Manufactured Homes

Dallas-based fintech startup Zippy, a lender and loan servicer for manufactured homes, raised $20 million in a Series C round.

Zippy said the money, all from New York-based alternative investment firm Saluda Grade, will enable it to broaden its national presence, improve its technology and build its network of partnerships.

Since being founded in 2021, Zippy has raised about $85 million in equity, co-founder and CEO Ben Halliday told Dallas Innovates.

Expanding Zippy’s footprint

Zippy currently offers manufactured-home mortgages in 27 states. Halliday said the company adds a handful of new states each quarter.

“We’re following transaction volume across the country and prioritizing markets where we can make the biggest impact,” he said. “Our ultimate goal is to operate in the 49 states with an active manufactured-housing market.”

Improving Zippy’s technology

Zippy entered the manufactured-home lending market because the financing experience hasn’t kept up with the quality and value of manufactured homes, Halliday said.

“We brought modern technology to a pretty antiquated lending market, building the platform specifically for manufactured housing instead of trying to force mortgage software to work,” he said. “Today, Zippy connects homebuyers, sellers and institutional capital through one seamless lending experience, from applying for a loan to servicing it.”

Halliday said Zippy’s platform automates much of the work behind underwriting, compliance and loan production while offering borrowers real-time visibility into their loans.

Some of the $20 million in new funding will go toward enhancing the proprietary technology supporting Zippy’s platform, said the company, which employs about 200 people.

Five years ago, Halliday said, lending platforms handled traditional mortgages, but not mortgages for manufactured homes. Zippy stepped in to change that.

“We’re using technology to make lending more human, not less,” he said. “Every administrative task we automate gives our people more time to work directly with customers.”

Growing Zippy’s partnership network

The new funding will also enable Zippy to continue building its network of lending partners. Partners include manufactured-home communities, manufactured-home dealers and retailers, and mortgage brokers and other lending professionals. Zippy entered the dealer and retailer market earlier this year.

 “The vision is to serve manufactured-home buyers wherever and however they purchase their homes,” Halliday said. “We started in a corner of the industry we knew firsthand, and now we’re bringing those capabilities to the broader market.” 

Before starting the company, Halliday and co-founder Jordan Bucy, Zippy’s president and chief operating officer, bought and rehabilitated a manufactured-home community in Texas. Halliday and Bucy are former bankers at JPMorgan Chase in Dallas.

How Zippy makes money

Zippy taps into several sources of revenue, Halliday said. The startup earns fees for originating loans, interest while holding loans and revenue when selling loans to institutional investors. Furthermore, Zippy gains recurring revenue from servicing most of its loans and generates commissions and recurring revenue from selling home insurance.

This year, Halliday said, Zippy has secured more than $600 million in commitments from institutional investors to buy Zippy loans.

“We’re not just trying to make a loan and move on. We spend an enormous amount of time helping homeowners succeed because the performance of those loans is ultimately what creates durable value for Zippy and our investors,” Halliday said.

Zippy estimates the mortgage market for manufactured homes represents $6 billion to $8 billion in annual revenue from loan origination and servicing.

Manufactured housing by the numbers

Since 2021, Zippy has helped more than 7,300 families finance manufactured homes, Halliday said.

Manufactured housing remains one of the biggest opportunities in the U.S. for affordable housing not subsidized by local, state or federal agencies, he said. Citing data from the Manufactured Housing Institute, Halliday said manufactured homes accounted for 5% of U.S. households in 2024 and 9% of single-family home starts in 2025.

The U.S. has about 7.9 million manufactured homes, a 2025 StorageCafe study found.

More than 776,000 of those homes are in Texas, putting it in second place behind Florida for the country’s biggest inventory of manufactured homes. Places with few manufactured homes include the District of Columbia, Hawaii, Puerto Rico and Rhode Island, the study showed.

Citing data from the Manufactured Housing Institute, Halliday said the U.S. produces about 100,000 new homes each year.

“We believe the opportunity is to significantly expand this market, but the answer isn’t widening the credit aperture and taking more risk,” he said. “It’s creating more efficient and accessible pathways to responsible financing.”

 “Our ambition isn’t just to capture a bigger share of today’s market,” Halliday said. “It’s to help make the entire market bigger.”