Why won't most banks finance a manufactured home? (Not a trailer, just a regular manufactured house.)

Question

Why won't most banks finance a manufactured home? (Not a trailer, just a regular manufactured house.)

Answer 1

when you ontact bank these questions will be answered appropriately and to your satisfction.

Answer 2

They are more like refrigerators than houses.  They go down in value each year.  Banks don't like that.  Their security is decreasing.  The manufacturers have learned that they have to provide financing.  But that is only for brand new ones. /

Answer 3

Because lenders have painfully learned that such properties (in most areas) tend to depreciate somewhat rather than remain stable or increase in value, as does conventional construction.  Thus, the value of the loan collateral isn't of good quality.

SOME manufactured homes are built nearly to the standard of conventional construction, but those are in the minority.  Most of them are much closer to mobile home quality in terms of construction grade.