Chattel Loans


Chattel Loans are personal property loans made for the purchase or refinance of a manufactured home that is not permanently affixed to the real estate. Chattel loans are usually used for home in manufactured home communities. Down payment requirements can be as low as 5%. Terms for these loans are usually capped at 20 years. The interest rates are typically 3-4% higher than the traditional mortgage loan.
 
Please contact us for more information on Chattel loans.
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