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 interest rates for the traditional owner-occupied mortgages usually are an average of 1 - 1.5% lower than your typical investment property loans, this all can in the end add up to a lot of cash build-up over time. There is also a lot more flexibility when it comes to down payment with owner occupied financing.