

| Mobile Home Mortgage Rates Occasionally manufactured home borrowers searching online for the best purchase or refinance rates will see unbelievably low rates posted on certain sites. Please be aware that such rates for HOME ONLY loans are typically for the shortest term available (seven years). The average customer would find such a monthly payment completely out of reach. We realize that most consumers know that interest rates have lowered remarkably for home loans. But it’s important to know several key points while searching for the best manufactured home purchase or refinance rate. The very low rates often seen across all media typically apply to our real property loans for manufactured or mobile homes tied to land by deed or mortgage. Manufactured Homes, being built in a controlled, factory setting, are considered "chattel," similar to vehicles or other personal property. Yet, manufactured home purchase loan rates for the HOME ONLY, while always slightly higher than site-built homes, are indeed AT ALL TIME LOWS. We offer lender programs for the purchase of new manufactured homes from a dealership where the home may be set on your own land, family land, in parks, leased land or in a community. Used homes in parks are also easy to finance depending on price compared to value. You'll need to select your home, have at least a 5% down payment and a purchase agreement to get started. Realtors are welcome to participate! |



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