Manufactured homes still have the ?bad rap? of being mobile homes (from the 70?s) and are not looked at as being the same quality as stick built homes.
Because of this manufactured home tend to depreciate in value and can not ( in most instances) be sold for or refinanced like a stick built home.
There are exceptions: in high demand areas (I?ve seen 70?s mobile homes sell for hundreds of thousands on Whidbey Island, WA!)
There are lenders who will refinance manufactured homes. Most of these are mortgage brokers who ?sell? these loans to investors (or lenders).
Modular homes are thought of the same way even though they are better made than stick built homes! Most people DO NOT KNOW the difference between and manufactured and a modular home, not do most of the lenders.
I hope this clears things up for you.
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