What Is The Average Interest Rate On A Mobile Home

Getting a comparable conventional interest rate for a mobile home loan is more than possible with today’s loan products. Mobile home interest rates are usually right in line with traditional fha mortgage rates.The key to financing a manufactured home is ensuring it is tied to land and complies with FHA & conventional mobile home lending guidelines.

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and interest rates that can exceed. 15 percent. ised for their mobile-home purchase so they could keep their home. And the average loan.

The average interest. Most adjustable-rate mortgages and home equity lines of credit (HELOCs) are tied to the prime rate. If your mortgage is an ARM or if you tapped your home equity with a HELOC, In sharp contrast, the average mobile home lot rent across the U.S. still hovers at a lowly $200-$300.

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The majority of manufactured homes are still financed with personal property, or ” chattel,” loans. With shorter terms and higher interest rates,

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National Average Mortgage Rates The mortgage rates vary depending upon the type of loan that will be acquired by the consumer. For instance, in February, 2010, the national average mortgage rate for a 30 year fixed rate loan was at 4.750 percent (5.016 APR).

I was thinking of purchasing a mobile home ,what is the average interest rate for this type of loan with an Find answers to this and many other questions on Trulia Voices, a community for you to find and share local information. Get answers, and share your insights and experience.

*The mobile home mortgage rates indicated above are reflective for both purchase and refinance, using an amount to finance of $250,000. The refinance rates reflect 90% to 80% loan to value, while purchase rates reflect a 10% to 20% down payment.

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