Getting home loan financing for manufactured homes

Getting home loan financing for manufactured homes

Investing in a mobile house comes with an original pair of problems that don’t normally show up when purchasing brick-and-mortar, traditionally-built domiciles, particularly when looking to get a — that will be closer in dimensions to a single-family house constructed on site — costs about $100,000, relating to Homes Direct, a vendor of manufactured domiciles. That’s about a 3rd associated with the price of old-fashioned house, prior to the cost of land is added.

“The loan providers are planning so what can they return in the event that debtor forecloses in the loan, ” claims Alexander Romanov, whom purchases domiciles in Washington state through iwillbuyhouse.com. Continuer la lecture de « Getting home loan financing for manufactured homes »