The biggest hurdle is how the home holds its value. Unlike traditional real estate, which usually appreciates because the land goes up in value, a mobile home is often treated like a vehicle.

Because they are often classified as personal property (chattel) rather than real estate, interest rates on loans can be significantly higher than standard mortgage rates.

You want to lower your cost of living, you plan to live there for a long time, or you own the land.

Buying a mobile home is generally considered a if you can place it on your own land .