Can You Get Financing On A Modular Home?
Many people think that you can not get any type of financing on a Modular Home because they are not permanent homes but there is financing available. Most of the financing comes from personal loans that are given to purchase the modular house and these usually require a 10 percent down payment. There are more mortgage lenders that are giving a little more space in their conventional loans for the purchase of a mobile home. These loans usually require a five percent down payment and are becoming more popular. Modular homes are very popular for people to have a dream of owning a home on budgeted finances.
