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Growth in America
As of 2020, approximately 20 million Americans live in mobile homes. This number reflects the growing demand for affordable housing options.
It's estimated that this number will grow annually by 10% for the next 15 years.
The challenge becomes having enough mobile home parks to sustain this growth and provide borrowers with a reputable source of financing for the mobile homes.
The high demand for affordable housing is a significant challenge for many low-income households and retirees.
Despite higher interest rates, mobile homes are an affordable housing option for those on a limited budget, and many borrowers are willing to pay the monthly amount as it fits within their budget and allows them to maintain their homes.
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