![]() ![]() |
||
| Welcome>Home
Buyers>Financing Financing |
||
|
|
Your retailer usually can provide information about financing. You can also check with lenders in your area. Just as there are choices when you buy a site-built home, there are a variety of financing options when you buy a manufactured home. Down payments and loan terms are similar— 5 to 10 percent of the manufactured home's sales price, and loan terms from 15 to 30 years. Most lenders offer fixed and variable rate loans and most have programs that allow you to "buy the rate down." If you own or plan to purchase the land where you will place your home, traditional mortgage financing can usually be arranged. In the Finance section of the Library, you will find examples of costs associated with different home purchase options. Step-by-step charts help you to calculate approximate costs and monthly payments. Additional information can be found by clicking on the Library tab. |
|
![]() |
||