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Tag: Financing and Insurance
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Our Best Advice for New Manufactured Home Buyers
Buying a new manufactured home is very different from buying a site-built home because the buyer usually has fewer built-in protections and must arrange their own representation, installation, and inspection. The article recommends hiring three independent professionals—an agent, an installer, and an inspector—to help protect the buyer’s interests and ensure the home is properly built,…
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Buying a Manufactured Home Classified as Real Property
Manufactured homes classified as real property are believed to account for close to 15% of all home sales in America in 2023. 15% of all home sales in America are manufactured homes classified as real property purchases. The exact percentage of manufactured home sales varies from state to state, but industry experts estimate that they…
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The Appeal of Mobile Home Land Packages to Real Estate Investors
For the past few months when searching for our monthly homes for sale we have noticed more and more mobile home land packages on realtor sites. So, we decided to dig a little deeper and see why these types of listings have become so popular. What we discovered is pretty interesting. Turns out there is…
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Financing for Manufactured Homes: Conventional VS Chattel Loans
The use of chattel financing for manufactured homes has exploded in recent years. 80% of new manufactured homes purchased in 2015 were titled as chattel. Only 34% of those were placed in a manufactured home community which means 66% of new manufactured homes bought in 2015 may have qualified for a standard mortgage but instead…
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5 Things to Know Before Visiting a Manufactured Home Dealer
Manufactured homes have come a long way since the 1960s in both design and quality. It is easy to find a manufactured home that fits every need and budget. Models range from the bare basics to top-of-the-line luxury design. We’ve shared a ton of great articles about buying mobile and manufactured homes. In this article,…
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Expert Tips for Buying a New Manufactured Home
Discover expert tips for buying a new manufactured home, choosing smart upgrades, and negotiating the best price for lasting value and comfort.
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FHA Loans and Other Manufactured Home Financing Options
Believe it or not, there are a couple of different manufactured home financing options available through government programs. Figuring out what types of manufactured homes are acceptable and how to apply for the FHA loans can be complicated. Programs seem to come and go and eligibility requirements change. This is our attempt to help potential…
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Low-Income Home Repair Loans and Programs to Help Mobile Home Owners in Need
If you need a sudden mobile home repair and don’t have the money, what can you do? What options are available to elderly or disabled mobile home owners that don’t make a lot of money but need their homes repaired? Fortunately, there are a few low-income home repair loans available. We’ve gathered several federal and state…