What is a Chattel Loan for Manufactured Homes vs. a Mortgage for Conventional or Manufactured Housing? Key Insights for Consumers-Pros-Advocates and Lawmakers Debating Housing Bill. FEA
For the U.S. housing market: a mortgage is a loan used to finance the purchase of real property which can include a conventionally constructed ‘site-built house,’ a modular or prefab house, or a HUD Code manufactured home. A chattel loan can be used for someone purchasing a manufactured home for […]