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.
The Small Business Administration (SBA) sets the maximum interest rates that banks can charge on 7A loans. The current maximum interest rate ranges from from 5.75% â 8.25%, depending on the size of the loan and the amount being borrowed. The maximum interest rates on SBA 7A loans are also based on market interest rates. As market interest rates change, so will the maximum interest rates on these loans.