Manufactured homes are housing units made-up in mills or factories instead of being fabricated at place like traditional site-built homes. Manufactured homes are also known as mobile homes. Normally they are inexpensive as compared to conventional homes, and are often affiliated with rural areas and high-density groups.

The two main types of manufactured homes or mobile homes are ‘Single-wides’ and ‘double-wides.’ Single-wides are sixteen feet or less in breadth and can be towed to their location as a single unit, while double-wides are twenty-four feet or more wide and are towed to their place in two divided units, which are then attached jointly.

Getting home finance for mobile homes is comparatively harder as compared to getting finance for a traditional site constructed home. For the reason that financial institutions consider such loans risky. The interest charged on such loans is generally higher.

The amount of finance will depend on the value of your home, your credit worthiness and your work history. But, most companies aims to provide you what you want. The interest rate is based on several factors, which include your credit history, the loan amount, and the model year of the home.

There are various providers offering mobile home loans, mobile home financing and mobile home refinancing for homes in parks and communities. You can easily find manufactured home loan providers through Internet.

You can also obtain home financing by offering your subsisting manufactured home as security and can make use of the money for debt consolidation, home improvements, or to pay up other expenses.