Site & ownership
Manufactured home loan
Financing for a manufactured home. If the home is titled as personal property, it is usually a chattel loan with a higher rate and shorter term. If it is affixed to owned land, it can be a conventional mortgage.
Also called: Mobile home loan, Chattel loan
Related terms
More in Site & ownership
- Real property
- Land-lease community
- Property tax (manufactured home)
- Lot rent
- Setbacks
- Restrictive covenant
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