There are two main reasons loans on manufactured homes are less likely to refinance than their site-built counterparts. Manufactured homes have smaller loan sizes and more considerable fees, producing fewer cost savings. And most manufactured homeowners with chattel loans rarely do mobile home refinancing because they have fewer options.  Because of the lower cost of materials and faster build timeline than traditionally built homes, manufactured homes are priced between 10% and 35% less per square foot than traditional homes. So, it also boils down to inequitable financing opportunities that widen homeownership gaps and economic divides.