what kind of financing do banks offer on manufactured homes and over what number of years to pay it back?
Dec 01, 2009 in
Manufactured Home Questions
I’m thinking about buying a manufactured home (MH) because it’s all I can afford & think the monthly cost could be less than rent is now. I currently pay 5 a month. MH is year 2000, 3bd 2ba, 1295sf with all appliances & extras listed for ,900. It appears to be in very good condition. Does this seem like a fair price or high? I’m a 1st time home buyer & wonder if I am still eligible for same mortgage loans offered for a regular home with property? Does the bank even offer a mortgage loan on MH in a park charging lot rent? I want to be a smart consumer. I will appreciate any and all responses. Thanks
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