Thirty-year fixed-rate mortgages are available, as well as 7/1 and 10/1 adjustable-rate loans

Mobile homes can provide the stability and comfort of a traditional home, but at a much lower price. The catch? If you want to buy a mobile home and finance the cost, it can be more difficult than taking out a regular mortgage loan. Here’s what you need to know if you want a mobile home loan.

When shopping for a mobile home loan, you might also come across the term “manufactured home.” Mobile and manufactured home loans are essentially the same thing; “mobile homes” are factory-built before June 15, 1976, and “manufactured homes” are mobile homes built after this date.