Mobile or Manufactured Home Loan
Mobile or Manufactured homes are a more affordable way to own your own place. Today’s models can be as spacious and beautiful as a traditionally built house, often for a fraction of the price. To qualify for a conventional residential mortgage, it will need to be a manufactured home that is classed as ‘real property,’ meaning you have to buy the home and the land. The wheels have to be removed and the home has to be permanently fixed to the foundation.
If you are interested in buying something more mobile like an RV or trailer the financing will be similar to an RV or auto installment loan.