Mobile Home Refinance

What are the Interest Rates to Refinance a Manufactured Home?

According to Freddie Mac’s Primary Market Mortgage Survey, there were about $1.6 trillion in first-lien refinance originations in the first half of 2021. This was a 33% increase in refinance activity compared to the first half of 2020. Borrowers who refinanced their first-lien mortgages in the first half of 2021 lowered their mortgage rate on …

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How to Refinance Manufactured Homes with Cash Out

There are many reasons to refinance your home loan. Some common reasons are lowering your interest rate and monthly payment, renovating your home, consolidating high-interest debts, getting rid of mortgage insurance, or even buying an investment property. Make sure it is a sound reason to refinance your mobile home with cash out. Let us show …

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How to Refinance a Manufactured, Modular or Mobile Home Without Land

According to Reonomy, 17.7 million Americans live in mobile homes, equating to about 5.6% of the U.S. population. One would think that there was enough business there for banks to make refinancing a mobile home as simple as refinancing for a traditional site-built home.  On the contrary, though, refinancing a mobile home is not as …

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How to Refinance a Manufactured, Modular or Mobile Home

According to manufacturedhousing.org, the manufactured housing industry produced almost 95,000 new homes in 2019. Approximately 10% are new single-family starter residences. About 63% of new manufactured homes are placed on private property, and 37% are in manufactured home communities. The average sales price of a new manufactured home without land is $78,500. There were 4.06 …

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