They can be located in a trailer community or on owned land, but manufactured homes are
not on permanent foundations.
Personal property loans are used when the borrower is financing the home only or the home is
not on a permanent foundation.
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.