Who mortgages manufactured homes?

Mortgage loans are available for manufactured homes from a variety of lenders, including banks, credit unions, and specialized lenders. As with any other type of home loan, the terms of the loan will vary depending on the borrower’s credit history and income. In general, manufactured home loans tend to have higher interest rates and down payment requirements than traditional home loans. However, there are a number of programs available to help borrowers secure financing for a manufactured home. For example, the United States Department of Agriculture offers programs that provide low-interest loans to rural homeowners. As a result, there are a number of options available for those who wish to mortgage a manufactured home.

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Michael Solomich

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