Financing Options for Manufactured Homes

Now that we’ve covered the importance of a 433A, let’s dive into the different financing options available for manufactured homes. As we mentioned earlier, chattel loans are the go-to financing option for manufactured homes without a 433A. They’re secured by the home itself, not the land it sits on. Mortgage loans, on the other hand, are for homes that are legally considered real estate.

That’s where the 433A comes in — it’s the magic document that turns your manufactured home from personal property to real property. With a mortgage loan, you’ll generally get better rates and terms than with a chattel loan. But qualifying can be trickier, especially if your manufactured home is older or not on a permanent foundation.

Would you like to read more? Please visit our blog- https://www.mwloan.com/blog/buying-a-manufactured-home-your-guide-to-affordable-living
Or give us a call: (760) 883–5700