Tag: Financing and Insurance

A home inventory video simply documents all your most valuable belongings should you need to file a claim on your homeowners or renters insurance policy. It’s fairly simple thing to do that could help you tremendously but there’s a bit more to it than just shooting a video. In this article, we’ll share some handy tips and resources so you can create your own home inventory video.

Some use a photo collage to which they add a description of each item including its cost, but others make detailed videos filming every detail of the items.

Creating a video documentation of your home can greatly simplify an insurance claims process and reduce stress. When you apply for insurance, an inventory video can help you get the coverage and payout you need to replace your losses.

In cases of theft or robbery, a video of your belongings will be a huge help to the police investigation.

Where Should You Start?

The process of shooting a video inventory must be approached responsibly, so it is important to understand where to start. We have prepared several steps, following which you will be able to create good video documentation that will help you in case of unpleasant situations:

1. First of all, it is important to decide how you want to document your property. You can choose a photo, video, or text document. The best option is a combination of video and text recording.
2. Once you have chosen the option with which you will document, you need to create a plan for exactly how you will walk around your home and how you can best describe all the items that you are shooting.
3. To facilitate the process of thinking about what description should be given to each item, you can use receipts, instructions, or other documents that came with these items.
4. Now you can start shooting. During the process of filming the inventory video, you need to make sure that all cabinets are open, the lights are on and all items are in place. It is also important to think over the plan of your route in advance so that there is no bullshit on the video, only a clear plot. When shooting a video, it is important to show every detail about the subject without diverting attention to other things such as opening closet doors, turning on lights, and more.
5. To create a good inventory video, try to move the camera closer to small items and announce the quantity of each item. Even if these are cutlery, you must count their number and be sure to indicate it. In case you understand that the shot turned out to be unsuccessful, you can no doubt reshoot until you get what you need, while adding flip video.
6. After all the frames are shot, you need to review the photo or video and sign all the items that appear in it. Enter the quantity, cost, and description, including the model, brand, and brand of the item. It is important to keep these records in a very secure location that is not publicly available.

To make sure you don’t lose records of your items, you can use a digital recording format or a removable drive. In addition, you can give copies of these records to your relatives or other trusted persons, so that if you suddenly lose the original, you have something to prove. Keep in mind that if you have new items or old ones disappear, be sure to update the information so that your inventory video contains only up-to-date items.

What Objects Should Be Filmed

When you’re thinking about which items to shoot an inventory video about, it’s important to review the list of those items first to avoid wasting time and effort. Below we have listed the main subjects that are most often documented by people:

• Computers, TVs, cameras
• Jewelry
• Watch
• Elements of art
• Kitchen appliances
• Washing machine
• Furniture
• Carpets
• Curtains
• Lawn mowers
• Snowplows
• Collectibles
• Family heirlooms
• Silver
• Porcelain
• Cars
• Musical instruments
• Bicycles
• Skis
• Tackle for fishing
• Weapon
• Important entries

In addition to these items in the house and yard, you can document items in the garage, basement, attic, and other places where you may have valuables. In any case, it is important to take care that each of these places has a well-set light, so that all the details of each item can be carefully shown and that there is room for everything to be conveniently placed.

Conclusion

When creating a video inventory, it is important to pay attention to many nuances and be sure to have thorough preparation. We’ve listed some things to keep in mind while preparing, including preparing the space, setting up the lighting, and thinking about the subjects you’ll be filming. 

After that, moving on to the shooting process, be sure to move the camera closer to small objects to capture every detail. Using our tips, you will surely be able to create a high-quality inventory video that will help you get a refund or prove to the police that a thief broke into your house. 

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 a big market for these types of properties.

What is a Land Home Package

If you are considering investing in mobile homes and aren’t looking to invest in a park, then a mobile home placed on land is the logical option. These land home packages can come in two ways, either with the home attached to a permanent foundation on the land and known as real estate or as the home listed as personal property and the land being the real estate. Either way, these types of packages can be real moneymakers.

Why Are Investors Loving Them

Investors are seeking out mobile home land packages for several reasons. The top reason is the number of options that they have to make money from them.

• For instance, you can buy the mobile home and land together. Then RENT both the mobile home and land to a renter.
• Another option is to buy the mobile home and land together. Then SELL the mobile home and RENT the land forever.
• You can also buy a mobile home and land. SELL both for all-cash or bank financing.
• Also, adding more mobile homes to your land will give you options for buying or renting the homes.

Keep in mind, mobile home land packages don’t have to be only with new homes, you can also purchase used mobile homes already on land and remodel them and then use them to make money.

Related: 5 Issues You’ll Need to Consider When Buying a Pre-owned Mobile Home.

Take a Look at These

It’s not hard to find land home packages if you know what you are looking for. Sites like Realtor.com and Zillow are always full of options that include either new or used manufactured homes. Just be sure to do your research and make sure that you are getting a good deal.

The bottom line is, if you are looking to invest in mobile home land packages, you can be very successful if you take the time to do your homework and know what you are looking to accomplish. Whether you want to buy used manufactured homes on land, rehab them then sell them or rent them, or you want to purchase turn-key new homes and do the same, the options are endless.

As always, thank you for reading Mobile Home Living.

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 the homebuyers opted to forego permanent installation and went with chattel financing. Why are more homebuyers going with chattel loans over a traditional mortgage even when they own the land under the manufactured home?

In this article, we’ll try to answer that question and many more. We’ll cover the basics of chattel financing for manufactured homes and look into the differences between loans through a private bank or a manufactured housing lender.

2 Types of Loans for Manufactured Homes

There are two ways to finance a manufactured home both new and used. The first is with an FHA or conventional home mortgage and the second is a chattel loan. Chattel loans are the most popular loans for all manufactured homes.

Related: FHA Loans and Other Manufactured Home Financing Options

FHA and Conventional Mortgages for Manufactured Homes

When a manufactured home leaves the factory it is automatically classified as personal property or chattel.

In order to qualify a manufactured home for an FHA or conventional mortgage, it must be permanently installed on land owned by the person buying the home and have a fixture filing recorded.

“In 43 states, a manufactured home remains personal property until the manufactured homeowner completes the “Conversion Procedure” – a statutory procedure for electing to convey and encumber a manufacture dhome as real property. In those states, completely the conversion procedure legally converts the manufactured home to real property for all purposes. Thus, absent such a process, a manufactured home will not comnstitute as a fixture.”

Fannie Mae, June 2018

Once the conversion procedure is done, the manufactured home will be classified as a fixture to the real estate.

There is a 3-part test used to determine whether the manufactured home is a fixture:

• How is the home affixed to the real estate?
• What is the intent of the home? (this is the most important factor)
• What are the fixture and real estate used for?

What is an FHA or Conventional Mortgage?

If the home buyer owns their own property and has the home permanently installed on that land as a fixture, they can reclassify the home as real property and qualify for an FHA or conventional mortgage.

66% of all mortgages are conventional with the rest being FHA, VA, or USDA backed.

FHA mortgage loans are insured by programs of the Federal Housing Administration. When a loan can be insured by Fannie Mae or Freddie Mac lenders are more prone to lend.

A conventional loan is not insured by the government but by private mortgage insurers (aka PMI). These are a bit easier to get.

Average Terms for FHA and Conventional Mortgage

Having the home installed as a fixture and reclassified as real property is only the first step in getting an FHA or conventional mortgage.

Both FHA and conventional mortgages have higher requirements than a chattel loan. With FHA loans you need to meet both the lender’s requirements and the FHA’s. Here are just a few of the typical terms and requirements for a conventional mortgage:

• Applicant must have 620+ credit
• As low as 3% down
• As high as 36% debt to income ratios (but can go as high as 50%)
• 15, 20, or 30- year terms
• Max loan of $484,350 but can go as high as $750k in places like LA
• Average APR is currently between 2.88% and 5.75%

Defaulting on an FHA or Conventional Mortgage

If a manufactured homeowner has a FHA or conventional mortgage on their property and can’t pay the loan there are several steps before repossession occurs that will protects the homeowner.

First, the lender must provide homeownership counseling notice and implement an error resolution procedure. Next, they must comply with “constraints related to force-placed insurance, follow early intervention requirements, and provide for a single point of contact for loss mitigation.” (Fannie Mae, June 2018)

Finally, in most states, judicial court proceedings must occur before foreclosure. This entire process can take anywhere from 300 to 1,230 days.

Related: 3 Financing Options When Buying a Manufactured Home

Chattel Loans for Manufactured Homes

What is a Chattel Loan?

If the manufactured home will not be permanently installed on owned land it will remain classified as personal property. These homes are only eligible for chattel loans.

By definition, a chattel is an item of moveable property other than real estate. Cars, boats, RVs, heavy equipment and manufactured homes are all considered chattel. However, in most situations when you hear the words chattel loan they mean a loan on a moveable home, aka a manufactured home.

Investopedia states that in some parts of the country chattel home loans are referred to as simple security agreements and the terms ‘personal property security’ and ‘a lien on personal property’ are synonyms for a chattel mortgage. Interest rates on these loans are typically much higher than traditional mortgages and during an active chattel loan, the lender has conditional ownership of the property (Investopedia).

Chattel loans will have an APR that is usually 1-2% higher than a traditional loan and will not have the same protections as traditional mortgages. Average terms for a chattel loan are between 15-23 years whereas a traditional mortgage can have termed as long as 30 years. A lender can take possession of the manufactured home much quicker than a traditional mortgage lender after delinquency. In addition, it is very difficult (if not impossible) to get a chattel loan refinanced.

Average Terms of a Chattel Loan

Cascade Loans has a list on their site of typical qualifications for manufactured home financing:

• Applicant must have 575+ credit
• Minimum loan amount of $35K
• New single or multi-section manufactured homes are eligible
• As low as 5% down
• As high as 50% debt to income ratios
• 20-23 year terms
• Max loan of $125K

Related: Deciding Factors of Manufactured Home Financing

Since chattel loans are mostly used for manufactured homes that are not permanently installed on buyer-owned land the government does not regulate them or insure the loans like they can with traditional mortgages.

The two government-sponsored enterprises (Fannie Mae and Freddie Mac) will more typically buy or securitize loans secured by real estate, while staying clear of “chattel loans” — used for most manufactured home purchases — a type of financing in which a home is not legally bound to its land.

AmericanBanker.com

Current Sources for Chattel Loans

CFED, a nonprofit agency in Washington DC, has a division called I’M HOME that advocates manufactured home financing. They answered the FHFA’s request for input about chattel financing in 2017. In that answer for input they created a list of the top 5 sources for chattel loans in the nation:

• 21st Mortgage
• Vanderbilt
• Triad
• Berkshire Hathaway
• San Antonio Federal Credit Union (Credit Human)

They also found that over 2,700 lenders originated at least one manufactured home chattel loan in 2015.

Parks also offer chattel financing. In their report, CFED states that over 500 land-lease communities have provided over $3.5 billion in park-owned seller financing. Though this is mostly concentrated by only the largest parks, representing the “ownership of about 25% of the country’s 50,000 land-lease communities.” (CFED I’M HOME 2017)

Defaulting on a Chattel Loan

Defaulting on a chattel loan is completely different from default on an FHA or conventional mortgage. The UCC (Uniform Consumer Credit Code) typically regulates chattel loans but 11 states have their own regulations.

The process for repossessing and reselling a manufactured home secured by a chattel loan requires sending the “debtor a notice of default and a right to cure; gaining possession of the manufactured home either by voluntary surrender or court order; sending the debtor a notice of repossession, notice of right to reinstate, notice to redeem and notice of private or public sale; remarketing the manufactured home; conducting the sale; documenting the sale; retitling the manufactured home, and sending the debtor an Explanation of Calculation of Surplus or Deficiency or a waiver of Deficiency.” (Fannie Mae, June 2018)

This entire process takes only 30-81 days.

Conclusion for Financing for Manufactured Homes

As we learned, it’s a lot easier to obtain chattel financing for manufactured homes but there are far more protections and better terms if a homebuyer transfers the home into real property.

In order to help our readers prepare for a chattel loan or a traditional FHA or conventional loan, we’ve put together 2 finance planners that can help you understand your expenses better. Just click to be taken to Slideprint the PDFs out.

Have you transferred your home into real property? We’d love to hear about your process in the comments below.

As always, thank you for reading Mobile Home Living!

In today’s uncertain world, any major purchase you make should be covered by insurance. A mobile home or manufactured home is no exception. While certain risks associated with owning a factory-built home may be slightly different than those associated with a traditional home, there are certainly many insurers eager to compete for your business. In this article, we take a look at how to buy mobile home insurance.

Mobile Homes vs. Manufactured Homes: Is There a Difference?

When it comes to mobile home insurance, homes are generally treated the same. Both types of homes are put together in whole or in part in a factory and then are transported to the home site.

Typically, mobile and manufactured homes sit on a metal frame or use tie downs in lieu of a traditional foundation. The key difference between mobile and manufactured homes is simply the date they are made. Mobile homes are homes built prior to June 15, 1976, whereas manufactured homes are built after.

Essential Insurance Coverage for Mobile and Manufactured Homes

As with a traditional home, you need 3 categories of homeowners insurance to ensure your investment is fully protected. These categories are as follows:

– Liability coverage. This policy covers you in the event that you cause damage to another person’s property or someone comes onto your property and is injured.

– Property damage. If your property (mobile or manufactured house) itself gets significantly damaged and requires repair, this is the rider you will need.

– Personal property. This rider can cover and reimburse you for personal belongings that were impacted by a covered loss (i.e. theft or inclement weather)

Pricing for Mobile Home Insurance

If you own a mobile home, for insurance purposes this means your home was built prior to June 15, 1976. As an older residence that wasn’t built according to today’s building codes, you may find your insurance premiums come at higher rates.

Manufactured home insurance, however, is where you will see the greatest price differentials, since your home could have been built any time after June 15, 1976. The newer your manufactured home, the less costly your insurance is likely to be overall, at least structurally speaking.

In the past, few insurers offered mobile home insurance. Today, however, most of the major insurers, including Allstate, State Farm, and Farmers, offer this type of insurance, as do many regional and local carriers.

One way to check which insurers are licensed to provide mobile and manufactured home insurance in your state is go on your state’s Insurance website, which offers important information for consumers that is more regionally specific. Additionally, if you belong to any special organizations or associations such as AARP (for persons aged 50 or older) or USAA (for military members) or your employer has negotiated a special rate plan for employees, you may find cheaper rates that quotes suggest.

If your mobile or manufactured home comes equipped with special safety features, such as a smoke detector or security system, or you are bundling your home insurance with a company you already have another policy with (i.e. car or motorcycle), this may also afford you extra discounts.

Specialty Insurance Riders
Like traditional homeowners insurance, mobile and manufactured home insurance typically does not cover special issues, such as flooding, wildfires and mold and mildew.

If you live in an area with special weather considerations or in a very humid climate where mold is more likely to develop, you may want to consider getting an additional insurance rider.

Coverage Levels and What You Need
Because each state has the right to set insurance minimus, your costs for mobile and manufactured home insurance will primarily depend on which state you live in.

There are, however, other factors that may influence your mobile home insurance premium. These include:

• Your deductible. The general rule of thumb is the higher your deductible, the lower your premium.

• Your home value. If you have a more expensive home, it will cost more to insure it.

• How much coverage you’re interested in. While states may set minimum coverage levels, this doesn’t mean you won’t want or need more coverage than what the minimums will provide. The more coverage you want, the more you will pay.

• Home location. Regional climate may alter your ‘risk level’ for home damage. Flood plains, hurricane or tornado zones or other special issues affecting your state or region could raise your price.

By understanding what kind of coverage you need, the types of coverage you get and how your price is determined, you will be better equipped to shop around an

Thank you for reading Mobile Home Living!

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 programs and even a few private funding options available to eligible applicants.

We’ve previously written an article titled 18 home improvement and grants for your manufactured home remodel but this article will focus specifically on ideas and programs for elderly, disabled, and low-income families that need help and may not have the credit scores or income needed to get standard loans as we shared in the other article.

USDA Programs for Low-Income Home Repair Loans

More than 60 million people live in rural areas in the US. Most mobile and manufactured homes are in a rural area so it makes sense that we start with the USDA.

The USDA stands for the United States Department of Agriculture – Rural Development. It focuses ‘providing financial resources and support for rural communities, residents, and businesses’. The USDA defines rural populations as an area that has less than 20,000 occupants living outside of metropolitan areas or urban areas if the population is less than 10,000 with a major lack in mortgage credit.

The USDA has many loans and grants available to homeowners, tenants, and businesses, this link will take you to a list of their most popular programs. 

Section 504, The Rural Repair and Rehabilitation Loan and Grant Program

The Rural Repair and Rehabilitation Loan and Grant Program, also known as the Section 504 loan and grant fund, is a USDA program that can help with mobile home repairs and upgrades if the following restrictions are met (verbatim from this form):

Repairs to Mobile or Manufactured Homes Section 504 loan and grant funds can be used to repair mobile or manufactured homes if:

• The applicant owns the home and the site and occupied the home prior to filing an application;
• The repairs are needed to remove health or safety hazards; and
• The home is on a permanent foundation or will be put on a permanent foundation with Section 504 funds.

A permanent foundation is defined as either: (1) a full below-grade foundation; or (2) blocks, piers, or some other type foundation with skirting and anchoring with tie-downs.”

The program is only open to people that meet the following controls:

• Be the homeowner and occupy the house
• Be unable to obtain affordable credit elsewhere
• Have a family income below 50 percent of the area median income
• For grants, be age 62 or older and not be able to repay a repair loan

You can find Rural Repair and Rehabilitation Loan and Grant Program application here. This form is a complete checklist for the program’s guidelines and requirements. 

The USDA has Low-Income Home Repair Loans

Here’s a brief list of mobile home repairs and improvements the USDA loans and grants can cover:

• Roof repair or replacement
• Insulation, doors, caulking, and storm windows
• Wood burning stoves that meet safety requirements
• Repair of structural supports
• Room addition for large families
• Provision repair for sewage and water systems
• Reasonable connection fees
• Wiring
• Repair needed due to previous occupants
• Fee payment on loans
• Accessible to handicapped (if needed)
• Flood insurance

Learn Where to Find Mobile Home Parts and Supplies Here

Additional USDA Programs for Mobile Homeowners

If you dream of having a small mobile home on a large farm then the USDA should be your first stop. You may be eligible for a loan or grant.

There are programs to help low-income families purchase homes, too. Section 502: The Direct Loan Program helps low-income applicants obtain safe and sanitary housing in eligible rural areas by providing payment assistance to increase an applicant’s repayment ability.

The Single Family Home Loan Guarantees can help lenders to provide low-income households the opportunity to own adequate, modest, decent, safe and sanitary dwellings as their primary residence in eligible rural areas. There also have loans for families wanting to get started in farming. You can see more loans here.

See if your area is considered rural and if your income is within their required range for each program here. 

Read about the Top 3 Mobile Home Makeover Ideas that Add Value

HUD Programs for Low-Income Home Repair Loans

HUD is the U.S. Department of Housing and Urban Development. They handle housing issues throughout the country. But they have home repair loans, too.

FHA / Title I

The FHA Title I loans are a little-known financing tool for home improvements and repairs. Buyers can also piggyback a Title I loan onto their purchase mortgage to fix up a property they’re buying.

The loan must be funded through a lender that is approved for Title I loans and must be used to finance repairs or improvements on a residence that has been occupied for at least 90 days.

• Loans of up to $7500 are available as unsecured for a manufactured home that is not considered real property.

• If the manufactured home qualifies as real property loans are available for amounts up to $7,500 unsecured to a maximum of $25,090 secured

A minimum loan term of 6 months applies to both with a maximum of 12 years and 32 days for a manufactured home only and 15 years and 32 days for a manufactured home considered real property.

There are several home mortgage and home repair programs backed by HUD. If you want to buy a home anywhere HUD should be your first stop. This link, from a private lender, has a complete list of HUD programs available in each state.

Weatherization Programs and Low-Income Home Repair Loans

Energy.gov has a program that can help homeowners weatherize their homes at little to no cost. Here’s what the Energy.gov site says about the program:

Under DOE guidelines, you are automatically eligible to receive weatherization assistance if you receive Supplemental Security Income or Aid to Families with Dependent Children. In other cases, states give preference to:

• People over 60 years of age
• Families with one or more members with a disability
• Families with children (in most states).

Nationally, as many as 20–30 million U.S. families are eligible for weatherization services. DOE urges you to contact your state weatherization agency to determine if you are eligible for the many benefits of weatherization services.

These weatherization programs are run through a state weatherization agency. A majority of these weatherization agencies are nonprofit organizations that contract energy professionals. Therefore, you will need to research for your state’s advocacy department. For example, I would Google search ‘West Virginia weatherization program.’ Click here for more information. 

LIHEAP

LIHEAP stands for the Low Income Home Energy Assistance Program. It helps low-income families pay for their heating bills in the winter. While it’s not technically a home repair program, it may help you save just enough money to get a much-needed repair. You can see the state LIHEAP programs here. 

Energy Star Tax Credits and Rebates

ENERGY STAR® is a government-backed symbol for energy efficiency.  providing simple, credible, and unbiased information that consumers and businesses rely on to make well-informed decisions.

EnergyStar has rebates and tax credits available for homeowners that buy EnergyStar products. Some of these rebates are pretty good, too. Click here to read about the programs and eligibility.

Click here to see the database of state incentives for renewables & efficiency that may be available in your state.

Click here to go to the ENERGY STAR Rebate Finder.

Layaway Programs Can Help Just as Much as Low-Income Home Repair Loans

Kmart Layaway

Kmart is well-known for its layaway program. I remember when they stopped doing it and everyone complained so they brought it back.

Walmart Layaway

Walmart has a holiday layaway program that begins in September. There’s no interest and you only need 10% or $10 to put down, whichever is most. You can layaway small appliances and large furniture.

Note: Be careful of Walmart.com. They are essentially a wannabe Amazon and other companies sell their stuff on the Walmart website. If you buy something from another seller you do not get the benefits that you would with a Walmart product.

I ordered a dresser on Walmart.com that arrived damaged. I struggled to get that thing in the back of our little SUV and drove it to the nearest store thinking I could just return it (still in the box, I didn’t even take it out since the damage was on a top corner). They wouldn’t take it. I had to email the seller for 4 months before they finally sent me a new one.

Sears Layaway

Sears has an 8-week layaway program that will help you with home improvement and appliances.

Mobile Home Parts Store Layaway

Mobile Home Parts Store offers a layaway program to get all your mobile home supplies for your remodeling project over time. It’s a great way to tackle one project at a time without a loan.

Alternative Methods for Low-Income Home Repair Loans

When you hear low-income home repair loans, you usually think about banks but credit cards are loans too. Hear me out on this – I’m not a fan of credit cards but if you use them responsibly there are a lot of benefits like cashback and extended warranties.

6 Months Same as Cash Offers on Credit Cards 

I’m hesitant to even mention these but you have to do what you have to do sometimes. If you have no savings and your refrigerator or stove stops working what are you supposed to do?  You have to feed the family!

While I’m not a big fan of credit cards, some can be handy to have. Lowe’s, Home Depot, Menard’s, and Tru Value all have no-interest programs if you use their credit cards. You can get the materials you need to repair your home immediately and if you pay the balance off within the allowed timeframe you won’t have to pay interest.

Usually, it’s a 6 month same as cash program if you spend at least $1,000 but I’ve seen 18 months same as cash offers for purchases over $2,500. This can be a great way to establish or increase your credit score while also remodeling your home. As long as you pay it off quickly you’ll be fine.

Volunteer Programs for Mobile Home Owners in Need

School Volunteer Programs 

My daughter’s school makes every student do volunteer work every year. Freshmen must volunteer 5 hours, sophomores 10, and junior and seniors need 30.

If you are elderly or disabled you may eligible for these volunteer programs. Contact your local high school and ask if they have a building or construction program or if you can get some volunteer time to help repair your home (again, only elderly and disabled should try this).

If your town has a trade school that has a construction program (or plumbing, electrical, etc), you could call and ask for help. You’d need to furnish the materials and pull the permits yourself but the opportunity for free labor is there.

Local Government Programs 

A lot of small towns and counties across the nation get federal grants for neighborhood revitalization and energy-saving programs. You can call your local courthouse or city hall to see if they can help.

Church Ministry Volunteer Programs 

Southern WV gets a lot of out-of-state church groups that come in and do volunteer work for elderly and disabled homeowners. Of course, southern WV is the poorest area in the nation so that may be why they chose the area every year.

Still, calling your local churches can’t hurt (and actually attending church services before you ask for their assistance would always be a good idea).

Habitat for Humanity

Habitat for Humanity does a lot more than just build houses. They have neighborhood revitalization programs and financial education services. You can learn more about their programs by clicking the link.

Conclusion

As you can see, there are options for low-income home loans and several programs for mobile home owners in need.

Mobile home repairs can be financed by federal loans, state grants, or private lender programs.

Do you have a tip for low-income home repair loans? Know of any volunteer programs for low-income, elderly, or disabled mobile home owners to help get their home repaired? Let us know about them in the comments below.

Thanks for reading Mobile Home Living®.