A manufactured home loan

A manufactured home loan is a special mortgage for purchasing this type of housing. Much like typical mortgage programs, manufactured home loans come in many forms, with options for a fifteen, twenty, or thirty-year term. Since this housing option is a growing trend, financial assistance is more widely available than it once was. However, many lenders require that a manufactured home have a permanent foundation in order to be financed with them. Before pursuing a lender for assistance, homebuyers need to learn all they can about the available programs and funding.