Sentences with phrase «not on a permanent foundation»
Personal property loans are used when the borrower is financing the home only or the home is not on a permanent foundation.
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They can be located in a trailer community or on owned land, but manufactured homes are not on permanent foundations.
Not exact matches
If you are a first - time homebuyer, a household that has not owned a home (including a manufactured home on a permanent foundation) in the last three years, you may be eligible.
There are certain risks that exist with mobile or manufactured homes because they are built with light weight materials and are typically not built on a permanent foundation.
Homes with permanent foundation can be circular with multiple stories and don't have the same regulations as homes on trailers, allowing much more freedom in the design of the house.
There are certain risks that exist with mobile or manufactured homes because they are built with light weight materials and are typically not built on a permanent foundation.
A mortgage requires that a home be placed on a permanent foundation, not a trailer with wheels, as many small homes are.
While the answer to most things real estate related is, «it depends», most of the time it should not be any issue to place a mobile home or manufactured home on a permanent foundation.