What makes financing factory-built homes different from financing traditional site-built houses? MARIANNA, FL, UNITED ...
The Mortgage Bankers Association (MBA), the Community Home Lenders of America (CHLA), and the Manufactured Housing Institute (MHI) submitted a joint letter advocating for more mortgage financing ...
Rocket Mortgage is now offering a conventional loan option for buyers who want to purchase or refinance a manufactured home, which expands the home financing options in a rapidly shrinking industry.
Manufactured housing has long been considered an affordable alternative to site-built homes. But financing these factory-made homes has become a major roadblock for people who want to buy them, a new ...
Dreaming of homeownership without the high costs of purchasing and maintaining a traditional, “stick-built” residence? Consider a manufactured or mobile home, which can cost less and promise easier ...
Mobile homes, also known as manufactured homes, can be a cost-effective alternative to buying a traditional home. Due to their lower cost and depreciation, most traditional mortgage lenders don't ...
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What is a chattel mortgage?
A chattel mortgage is a loan used to buy movable property, like manufactured and mobile homes, rather than fixed real estate. They are sometimes referred to interchangeably as manufactured home loans.
Construction on both home types begins in factories, but they’re built to different codes. Some or all of the mortgage lenders featured on our site are advertising partners of NerdWallet, but this ...
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