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As a prospective homebuyer, it’s important to understand your rights as a borrower and what lenders can — and cannot — legally do. That’s where the Truth in Lending Act (TILA) and its related disclosures come in. The provisions of the federal law apply to most types of consumer credit, including car loans. But it […]

According to consumerfinance.gov, manufactured housing makes up six percent of all occupied housing, and a smaller fraction is mobile home loan originations. Of this small fraction of loans, 42% are considered chattel loans secured by the home and not the land. In short, a personal property loan. Here are some mobile home loan options to

We get it. Life gets in the way. Not all of us have perfect credit. According to Experian.com, most consumers have credit scores between 600 and 750. In 2020, the average FICO score in the U.S. reached 710, an increase of seven points from the previous year. Less-than-ideal credit can be discouraging if you’re in

Most Americans don’t understand the differences between modular homes, manufactured homes, and mobile homes. According to manufacturedhousing.org, the manufactured housing industry produced 105,772 new homes in 2021, and there are nearly seven million manufactured homes in the United States, according to the U.S. Census Bureau. Approximately 9% were new single-family homes. They’re Both Considered Prefab

With rising real estate pricing and many consumers squeezed out of the traditional site-built marketplace, many are turning to mobile or manufactured homes as starter homes. Many consumers are pleasantly surprised by the range of choices and customizations offered by a new generation of manufactured homes. According to manufacturedhousing.org, the manufactured housing industry produced 105,772