How To Finance a Mobile or Manufactured Home (2023 Guide)

Below are a few excerpts from a comprehensive article found HERE

However, the financing models designed for traditional single-family homes don’t always translate well to mobile and manufactured homes. It’s crucial to understand how these homes are financed, as well as the terms and details of the loan before you make a purchasing decision.

However, many states consider manufactured homes to be personal property rather than real estate, complicating the options for financing. 

The Bottom Line

Manufactured homes are an often-overlooked source of unsubsidized, affordable housing. That said, financing these purchases can get tricky and sometimes expensive. To ensure your manufactured home fits within your budget, consider true mortgage options (like FHA, Fannie Mae or Freddie Mac) in addition to personal or chattel loans.

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