Financing options for mobile homes are available in Knoxville. Called trailers or manufactured homes, these are prefabricated houses that can move from one place to another. The modern manufactured homes are quite modern and well-done, and can look like a conventional residence. Earlier, since mobile home financing was not easily available, they had to be represented as personal loans. As a thumb rule, the less mobile the house is, the better the financing available. If used as a principal home, the interest is tax-deductible. Knoxville financing options are at low rates of interest and flexible repayment plans. The down payment can be as low as 5%. These companies also guide the client through the entire process of applying, getting and closing the loan.