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.
For manufactured homes that will not be put on a permanent foundation, borrowers can get a loan for up to 95 percent of the homeâs purchase price. VA will guarantee 40 percent of the manufactured home loan amount or the veteranâs available entitlement, up to a maximum amount of $20,000.