More people are opting to settle in mobile home communities. It’s easy to see why thousands of prospective homeowners are now drawn to them. Manufactured homes are more affordable than conventional housing. There’s a strong sense of community in these areas. They’re also great retirement options. There are over 8,000 mobile home parks or communities […]
Millions of people spend their lives working hard. They do this so they can have a comfortable retirement. What you envisioned your life will be like once you hit the 50-year mark changes. The idea of living in a bustling city becomes replaced with visions of a quiet neighborhood. Downsizing becomes more attractive for some. […]
In the diverse landscape of housing options, doublewide manufactured homes have emerged as a distinct and increasingly popular choice. Characterized by their affordability, customizability, and efficiency, these homes present a compelling alternative to traditional site-built houses. Unlike conventional homes, which are constructed entirely on-site, doublewides are prefabricated in sections at a factory and then […]
Millions of people chose manufactured homes because of the price. The Manufactured Housing Institute concurs. The MHI says 71% of mobile homeowners cited affordability. They said it’s the driving force behind their buying decision. There are still a lot of misconceptions surrounding manufactured homes. Many people still think these houses are not as good as […]
VA loans are now used to buy manufactured homes. The Department of Veterans Affairs guarantees VA loans. These loans are open to all military personnel. Service members on active duty and veterans can avail of this loan. Surviving spouses of military members can also apply for a VA loan. This government-sponsored loan has competitive interest […]
Today’s real estate market is a competitive one. The building industry cannot cope with consumer demands. The coronavirus pandemic also exacerbated the issue. You need all the help you can get if you’re looking to buy or sell a home. It’s even more challenging when it comes to mobile homes. A seller can’t put up […]
Millions of Americans choose mobile homes over conventional properties. There were around four million modular homes in the country back in 2018. The numbers are now expected to drop to around 1.72 million by 2023. The astounding number of mobile homes bought and built is due to its affordability. Data shows that these manufactured homes […]
Many Americans put in long hours and scrimp to save money for a down payment on a home. But buying a home isn’t as easy as it used to be. House prices have increased at a staggering pace. Mortgage rates have also skyrocketed. The burgeoning demand and low supply mean this situation will continue this […]
A mobile home is already designed for transport to wherever the buyer wants. It’s a prefabricated structure made in a factory. They’re called mobile because they’re mounted on a trailer chassis. They’re then transported to the owner’s property. Some would lease land or stay in a mobile home park. Many mobile homes remain in the […]
While traditional mortgages may not be available for mobile homes due to their unique nature, there are banks that specialize in providing loans specifically for manufactured housing or mobile homes. Here are a few bank options that finance mobile homes, their loan options, and key considerations when seeking financing for a mobile home. List of […]
