A personal loan is not susceptible to a similar statutes because the other types of money
Unsecured loans
Since the cellular home commonly categorized due to the fact a residential property, you need an unsecured loan to invest in their cellular domestic pick.
Furthermore, you can find unsecured unsecured loans, you need not developed your mobile household once the a security.
not, unsecured loans tend to include higher rates and you can reduced payment words than the traditional mortgage loans.