Financing Your Mobile Home Print E-mail
Thursday, 19 August 2010 10:38

There are some financing options available for you when you purchase a manufactured home.  Most retail sales centers where you buy your home can provide information on financing to assist you in submitting an application for a loan for your mobile home.  Of course you have the option of shopping around for your own financing. 

Most lenders require a minimum down payment of 5 -10 percent and will have a loan ranging from 15-30 years.

If you are buying the manufactured home & land together, some financial institutions offer traditional real estate mortgages.  If you purchase the home separately from the land on which it is located, it will probably be financed as personal property manufactured home loan.