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Mortgages for Mobile Homes

Mortgages for Mobile Homes

| Apr 07, 2015 | Housing Market

Mobile homes, or manufactured housing, are made in a central location and then moved and assembled at a specific location. The cost is considerably less for manufactured housing than for traditional on-site homes. Manufactured homes account for about 6% of all housing, but are underrepresented in the total number of loan originations. The reasons can be from poor credit to financial vulnerabilities, so what kind of mortgages are available? Read more here.

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