There are a variety of financing options when you buy a manufactured home. Down payments and loan terms are similar (5 to 10% of the manufactured home’s sales price, and loan terms of 15 to 30 years).
If you are buying the home and land together, or plan to place the home on land you already own, some financial institutions offer traditional real estate mortgages with similar interest rates. Should you be purchasing the manufactured home separately from the land on which it will be located, the home will probably be financed as a personal property manufactured home loan, usually with a somewhat higher interest rate.