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Average price range: $10,000-$50,000. Key features: Typical sizes: Single wide (between 500 to 1,200 square feet) or double wide (between 1,000 to 2,000 square feet). Best for: Someone purchasing ...
Previously, units had been eight feet or fewer in width, but in 1956, the 10-foot (3.0 m) wide home ("ten-wide") was introduced, along with the new term "mobile home". [ 2 ] The homes were given a rectangular shape, made from pre-painted aluminum panels, rather than the streamlined shape of travel trailers, which were usually painted after ...
While interest rates are typically higher than home equity loans — currently averaging 12.32% APR for a 24-month loan but ranging from 6.94% to 35.99% — the approval process is usually faster ...
Self-Help's home and business lending has provided low-wealth, minority, rural and female borrowers with over $5.24 billion in financing. [12] Much of this is through Self-Help's national secondary market program, which enables conventional lenders to make more home loans to low-wealth families. Self-Help also develops commercial and ...
The tendency of these homes to rapidly depreciate in resale value made using them as collateral for loans far riskier than traditional home loans. Loan terms were usually limited to less than the 30-year term typical of the general home-loan market, and interest rates were considerably higher. In other words, these home loans resembled motor ...
Acquisitions of mobile home communities have been growing over the past decade with private equity firms and real estate investment trusts acquiring about a quarter of the lots available for ...
Cardinal Industries, Inc. was a corporation headquartered in Columbus, Ohio, United States.Established in 1954, it produced manufactured housing, including thousands of apartments in the United States.
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