American Financial Resources said on Tuesday it had added conventional funding for a particularly small and affordable type of prefabricated house that could be used to help alleviate inventory shortages in the market.

AFR offers Fannie Mae and the Freddie Mac loans which finance unilateral units. These have an average selling price of $ 57,000, compared to $ 110,000 for large prefab double or multilarge homes, or over $ 300,000 for traditional homes.

As one of the few mortgage companies to fund singlewides, AFR’s decision to offer the product will boost the efforts of major buyers of government-sponsored loans to expand their prefabricated housing programs.

“AFR has been financing manufactured homes for over 10 years, so we have experience in this growing segment of the housing market,” said Bill Packer, executive vice president and chief operating officer, American Financial Resources, Inc. “ With our growing portfolio of loan options for manufactured homes of all sizes, including single family homes, we can help our partners bring more families home.

Homes are cost effective to buy and manufacture because they can be as small as 400-500 square feet and delivered as one structure.

Singlewides have not been immune to the wider upward pressure on house prices, but their prices haven’t risen as quickly or steadily as other market segments, according to U.S. Census statistics.

In addition to newer conventional products, AFR’s manufactured home product line includes government funding for single-family homes, as well as several types of funding for larger homes.