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.
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.