Some lenders provide chattel loans for manufactured house purchases which can be insured because of the Federal Housing management (FHA)

Some lenders provide chattel loans for manufactured house purchases which can be insured because of the Federal Housing management (FHA)

the U.S. Department of Veterans Affairs (VA) together with Rural Housing Services (RHS) through the U.S. Department of Agriculture. Yet although you may well be capable of finding loan providers that provide both chattel loans and conventional mortgages, the 2 types of loans vary in a couple of means.

One crucial distinction between the 2 forms of loan could be the advance payment requirement. Read more