Sentences with phrase «manufactured homes»

The term "manufactured homes" refers to houses that are built in a factory and then transported to a permanent location. Full definition
And rates for manufactured home loans - which usually aren't mortgages, since they're considered mobile property - run considerably higher than mortgages for single - family homes.
We are a home only lender, providing manufactured home financing for homes not attached to real property by way of deed or title.
Our Staff will quickly ascertain whether manufactured home refinance will be beneficial.
You must remember that most manufactured home mortgages carry fees and those fees are stacked onto your current loan balance.
These agents know the area, the costs of manufactured home insurance, and the best companies to work with.
However, many new manufactured homes are constructed to modern standards and can be safely anchored in place, proving less risky to live in and less costly to insure, in some cases.
There's also virtually no secondary market for manufactured home loans like there is for site - built homes.
The majority of our customers live in manufactured home parks or in leased lot communities.
These agents know the area, the costs of manufactured home insurance, and the best companies to work with.
Most of our customers live in manufactured home parks, communities or rented / family land situations.
This loan program was designed with manufactured home communities in mind as many national lenders are only focused on larger properties and loan sizes.
Most in my city might look down on manufactured homes as there are few in the city, and banks might not be so keen.
Local city and county government's use a variety of land use planning devices to restrict the use of manufactured homes as an available source of affordable housing.
We are a niche manufactured home lender and proud of it.
I own a double wide manufactured home in very good condition and find no help for a reverse mortgage.
To help you determine whether you'll need to purchase manufactured home insurance or modular home insurance, we provide a list of the common features of the two types of homes below.
She began selling manufactured homes with leased pads by referral.
Used manufactured homes for sale will often be less expensive than new ones, but new ones will often be easier to secure a loan for.
But most insurers will allow you to add these items to your homeowners, renters, condo, or manufactured home policy.
With lower costs, manufactured home owners are able to save more than they would with a site - built home or by renting an apartment.
In essence, the Federal government requires that a foundation certification be produced by an engineer for manufactured homes built after a certain time period.
Not normally offered to manufactured homes located in parks and / or leased lot communities.
An older program caps the state sales taxes for manufactured homes at $ 300 if they meet or exceed energy efficiency standards specified in state law.
Our study shows that mobile insurance costs can represent up to 30 % of the total monthly expenses of owning manufactured home.
Our mobile home loans, which include manufactured home financing and mobile home refinancing are geared to consumers with good credit, giving them a great mobile home loan rate that they deserve.
Many residents are turning to manufactured homes because they are less expensive to purchase and maintain, and are in many cases larger and more private than apartments.
A single section manufactured home typically offers up to 1,000 square feet of living space, while a three section home could offer as much as 2,500.
This means that a greater percentage of manufactured home buyers are under water at some point in the life of a loan.
* You know more than they do about manufactured homes.
Most states require real estate brokers to also be licensed dealers when selling manufactured homes in parks or communities where the land is leased.
• Eligibility: Older manufactured homes, waterfront properties, rural properties, or second homes.
For example, a couple with a small manufactured home comes to you looking for a reverse mortgage.
Certain types of manufactured homes also may not be used.
Normally, all occupants over the age of 18 that plan to live in a mobile home park or leased lot manufactured home community, must pass both a credit and criminal background check.
A loan will not be guaranteed for the purchase of an existing manufactured home that has been moved from another site.
Keep in mind that manufactured home sales within the last Six (6) months are always preferable.
Students registered in manufactured home installation courses should look for a link to the course document at the bottom of this Website.
Both formulas were conceived so that your house payment is affordable, making long term manufactured home ownership a reality.
The design awards recognize excellence and encourage innovation in manufactured home design and production.
A local agent can show you quotes on affordable manufactured home insurance.
They can purchase a new approved manufactured home through the company, which earns a margin on the sale.
Great opportunity in this 3 bed, 2 bath manufactured home.
Many manufactured home loan programs have some pretty strict guidelines about the property condition and age.
Since manufactured homes tend to be cheaper than single - family homes, the difference in price could help seniors retire earlier, supplement their incomes during retirement and even pay for moving costs.
* Can not answer simple questions regarding manufactured homes.
Personal liability protection is a valuable part of manufactured home renters insurance policies.
* Extended repayment period - Most manufactured home debt consolidation loans extend the repayment period of your smaller consumer loans.
While manufactured homes and modular homes are both built in factories, they have very little in common beyond that.
Lower in price, manufactured homes typically do not appreciate in value at the same rate as other types of homes.
Today, manufactured home retailers are becoming more like site - builders, in that they are providing turn - key new home projects for their customers.
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