Loans

5 Best Conventional Mobile Home Loans + 6 Other Options

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 …

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How to Refinance a Manufactured, Modular or Mobile Home Without Land

According to Reonomy, 17.7 million Americans live in mobile homes, equating to about 5.6% of the U.S. population. One would think that there was enough business there for banks to make refinancing a mobile home as simple as refinancing for a traditional site-built home.  On the contrary, though, refinancing a mobile home is not as …

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How to Refinance a Manufactured, Modular or Mobile Home

According to manufacturedhousing.org, the manufactured housing industry produced almost 95,000 new homes in 2019. Approximately 10% are new single-family starter residences. About 63% of new manufactured homes are placed on private property, and 37% are in manufactured home communities. The average sales price of a new manufactured home without land is $78,500. There were 4.06 …

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