Question: I’m interested in buying a mobile home in a mobile-home park. I’d like to know the advantages and disadvantages of buying a mobile home this way. S.D., Stanwood Answer: Manufactured housing ...

Manufactured housing is all the rage these days. While most first-time homebuyers used to only consider traditional single-family homes, many are now turning towards property that, dare we say it, ...

The average sale price for a new mobile home — also called a manufactured home — is $125,200, according to September 2024 data from the U.S. Census Bureau. Prices vary by the type of home: For example ...

A chattel mortgage is a loan used to buy movable property, like manufactured and mobile homes, rather than fixed real estate. They are sometimes referred to interchangeably as manufactured home loans.

If you’re considering downsizing your home, or just exploring alternative living situations, a mobile home might be a good option for you. But a mobile home isn’t exactly like other types of houses.

A chattel loan is a loan used to buy movable property — including manufactured homes. You can get a chattel loan from a lender to purchase a manufactured home, but you’ll need to figure out how to buy ...