The banks and credit unions that offer manufactured home loans know that the overhead costs and risks involved in originating and servicing these financing solutions are often hidden, but can be...
When buying a home, it’s perfectly normal to feel overwhelmed. After all, the path to homeownership is littered with many obstacles. Since buying a manufactured home isn’t something to be taken...
Specializing in lending to certain consumers, manufactured home lenders shouldn’t rely solely on conventional methods for collecting information and analyzing applications but also on direct...
In order to qualify for certain homeownership tax breaks, a taxpayer must own a “qualified home.” As defined by the IRS Publication 936, a “qualified home” is any piece of property that has...
Building a solid loan portfolio is often a daunting and never-ending process. Regardless of the strategies adopted, there comes a time when a bank or credit union must add new products to its...
Although some people pay cash for their homes, a national report from CoreLogic indicates that about 70 percent of homebuyers purchase a home with the help of a loan. This is valid across the entire...