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5 - WHAT KIND OF FINANCING IS AVAILABLE? A manufactured home in a leased-lot community is financed as personal property (chattel loan) Typically a lender will require 20% to 30% down (depending on the age and location of the home, and your credit standing) A loan on a pre-owned manufactured home can range from 15 to 30 years depending on the age and location of the home. Your professional representative can assist you with locating a lender with the best terms and rate possible. |
