A manufactured home can be a great investment if you can make it work and you can afford to pay a little more for it than you would buy a comparable home.

Here’s how to get started.


Find a lender that lends at less than 10% interest to consumers.

Lenders in Northwood, Florida, offer a 10% mortgage at a 1:1 rate, but it can be much more than that.

Here are the minimum payment amounts: $1,300-$2,400 $1 and $1.50 more per month $1 more per year $1 million-$2.4 million $1 to $2,000 per year 2.

Find an investment bank that’s less than 5% in your chosen area.

That means, for instance, a bank in the Atlanta metro area would not offer you the same rate as one in North Carolina, Texas, or Virginia.

So you should look for one that offers a 10 to 20% rate.

This could mean an investment company in an area with a higher median home value, a small, local firm, or even a broker.


If you want to refinances your home, talk to a loan officer or agent at your chosen lender.

Lending a mortgage that is less than 20% of the home’s value could increase your monthly payment and lower the interest rate, so it could be worth it if you have a credit score below 500.


Keep your savings in a savings account, and you might be able to get the lower interest rate if you also set aside money in a 401(k) for the rest of your life.


Look for a lender with an automated lending program.

These programs will give you access to loans automatically, and they offer low interest rates to people with low credit scores.


Find more information on refinancing manufactured homes.


Read these tips on how to refloat your own home.