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.
For $30,000 to $35,000, a new, nicer manufactured house can be bought instead, but banks will only then offer a loan if the borrower puts the home on their own land, he says. One owner's difficulty Felicia Clark paid $35,000 cash three years ago for a manufactured home in Frederick, Colo.