The Triad Financial Services Team enjoyed their time in the Big Easy while attending NAFCU's Annual Conference. The team had the chance to get to know some of today's Credit Union leaders and learn more about the challenges they face today. During the conference, Mike, with the Studio Lounge, asked to interview Senior VP, Keith Stayer. Take a look at the interview as Keith discusses how manufactured homes are helping solve the affordable housing crisis that many homeowners are still facing today, as well as, how Triad Financial Services works with credit unions to help them grow and diversify their loan portfolio.
Manufactured Housing News
As we head into the next decade, the US will be faced with a continuing epidemic in the area of affordable housing. With housing prices skyrocketing in many areas, many would-be buyers have been forced out of the market. At the same time, zoning and HOA guidelines have put a damper on some of the most affordable housing options, regulating them to designated areas only. And then there's the issue of public perception. What options are available that are affordable without succumbing to poor quality? This is exactly the issue that many experts are taking on today.
For any bank or credit union looking to improve their investment portfolio over the next few years, manufactured home loans pose a unique opportunity. Manufactured home loans offer more flexibility and higher yields than traditional mortgages, and despite some myths about manufactured homes, they are actually in high demand these days. Here's why you need to be thinking about manufactured home loans for the future of your portfolio.