America’s housing affordability crisis has created a simple but increasingly urgent question for mortgage lenders: Where will the next generation of homeowners come from? As the median price of an existing home has climbed nearly 50% since 2019, a growing share of buyers are finding that traditional site-built homes are simply out of reach. Manufactured housing, which often costs roughly one-third as much, could fill this gap.
Tag: Manufactured Housing
CFPB: Manufactured Housing Loan Borrowers Face Higher Interest Rates, Risks, Barriers to Credit
The Consumer Financial Protection Bureau said manufactured housing can be an affordable but potentially risky avenue for homeownership.