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I know in the USA it used to be the case you couldn't get a mortgage on a modular home and had to take out a personal loan. Not sure if that changed.
by sys_64738 4y ago
I know in the USA it used to be the case you couldn't get a mortgage on a modular home and had to take out a personal loan. Not sure if that changed.
- eesmith 4y agoLikely connected to these parts of the essay: > They also mean the homes are financed as automobiles (with personal loans, or chattell loans) and not real estate loans. ... > One famous program, the so called “Section 235,” provided mortgages at interest rates as low as one percent for buyers purchasing a home built on-site. Buyers of factory-built homes, in particular, manufactured-homes, were not eligible.
- deleted 4y ago[deleted]