My daughter wants a mobile home loan, so that she and my granddaughter will have a real place to call home. They are currently renting an apartment and my daughter said she was tired of paying for something that would never be hers. She looked into mobile homes and soon realized that she could own one for less than what she was paying for her apartment lease.

She went to talk to someone at the bank about a manufactured home loan and when they went over her finances and credit history, decided that she would make an ideal candidate and would certainly be approved for the loan, if she was able to find a home for sale.

She applied for a PMI mortgage and was approved. Now she needs to find a mobile home for sale in the area in which she currently lives. She is quite excited and we are very proud at the mature decision she is making as a young single mother.