The 1976 Rule That Kills Manufactured Home Loans

Most people buying a mobile home in California go through the manufactured home park approval process and never saw it coming. They got approved by the lender. They had the down payment. And then the park said no. There are a lot of moving parts to mobile home financing California buyers almost always underestimate. The interest rates are higher than a traditional loan. The terms are shorter. Space rent counts against your debt-to-income ratio. And there are two completely separate approvals...