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Interest Rates For Mobile Homes

Mortgage Library: Ask a Mortgage Related Question: Answers: Interest Rates For Mobile Homes

Question:

Is the interest rate for a mobile (modular) home loan higher then a rate for a condo?

P.

Alex
Virginia

Answer:

Typically, yes, but not always. It will depend more on your qualifications, income, credit history, assets, etc. Manufactured homes & condos almost always have higher interest rates than detached single-family residences.

Rick Lanicek
PrimeLending, A PlainsCapital Company
17950 Preston Rd Ste 50
Dallas, TX 75252-5759
(972) 705-9721
(800) 256-0817 Ext 202
Mobile (214) 552-6125
eFax (972) 692-7260

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