In 1904 the Village of Owen incorporated, with 315 people. In 1906 the Owen Company started the Owen Box and Crating factory and the Woodland Hotel. In 1907 the Owens organized the State Bank of Owen, headed by J.G. Owen.
The Consumer Financial Protection Bureau estimated the typical interest rate for a manufactured home loan in 2012 at 6.79 percent. By contrast, the average 30-year fixed rate on a conventional mortgage that year was 3.6 to 4.2 percent, according to HSH.com, a publisher of loan information.
Home Equity Loan â As of September 11, 2016, the fixed Annual Percentage Rate (APR) ranges from 6.64% to 9.74% for 30-year second position home equity installment loan with loan-to-value (LTV) of 70% or less. Higher rates apply for higher LTV, certain property types, low credit score or other loan amount.