![]() ![]() While purchase money loans and contracts for deeds can be used for land & home packages, they are not open to buyers of single-wide or double-wide homes that do not have land included in the purchase price.Īnd then there’s the option of leasing your manufactured home along with an option to buy later – another popular method of buying these homes! There are many options when it comes to financing a manufactured home including: purchase money loans, contract for deeds and lease/option agreements. Most mobile homes are financed through a personal property loan, and this is what we will focus on in the rest of our article. ![]() However, it doesn’t work out that way all of the time because banks don’t typically get involved with financing mobile homes without land unless they are on leased land or owned by a community association (association financing). So why not make them eligible for mortgages too? ![]() Many people purchase these homes for vacations, second homes and retirement spots. Mobile homes have become increasingly popular over the years because they offer people an affordable option to live somewhere other than their parent’s house. The answer is yes, but some things should be considered before making this decision. If so, you might be wondering if your mortgage can include your mobile home. Do you own a mobile home? Do you want to buy one? ![]()
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