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.
Getting a comparable conventional interest rate for a mobile home loan is more than possible with today's loan products. Mobile home interest rates are usually right in line with traditional FHA mortgage rates. The key to financing a manufactured home is ensuring it is tied to land and complies with FHA & conventional mobile home lending guidelines. We cannot provide financing assistance for standalone manufactured homes.