A study released because of the U.S. Census Bureau a year ago discovered that the single-unit manufactured house sold for around $45,000 on average. Although the difficulty to getting an individual or mortgage under $50,000 is really a well-known problem that will continue to disfavor low- and medium-income borrowers, adversely impacting the whole housing market that is affordable. In this post we’re going beyond this issue and talking about whether or not it’s simpler to get your own loan or the standard property home loan for the home that is manufactured. A home that is manufactured isn’t forever affixed to land is recognized as individual home and financed with your own home loan, generally known as chattel loan. Once the manufactured home is secured to foundation that is permanent on leased or owned land, it may be en titled as genuine home and financed with a manufactured home loan with land. Continue reading “Could it be Simpler To Get Manufactured Home Loans with Land?”