1 Basic Bank Account Number (BBAN) - up to 30 alphanumeric characters that are country-specific.
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.
These homes cost less than half as much as the estimated $94-per-square-foot national average for new site-built housing, the report found. A new, single-section manufactured home sold for an average of $43,000 in the first half of 2014, excluding transport and siting costs. But the reportâs key finding was that most owners of manufactured homes pay much higher loan rates.