OK so heres the deal. Were stuck in a town we HATE and want out. We want a little farm on an acreage and keep seeing these ads that say if you own an acreage your guaranteed financing. And a few say they’ll even sell you an acreage with it… Whats the scam? Do you think that they charge high interest or what? I see these ads everywhere and just wonder if they offer it because maybe its easy to repo these things or what? Heres the latest ad I saw locally. Let me know what you think. Thanks!
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Huge Inventory home sale! Own Land or have Family Land use land to purchase new home! Need Land? Land/Home 1-20 ac avail. 3, 4, 5 bd Manufactured & Modular homes. Turn Key, we do it all! 00 furniture package with purchase. Call for approval: 888-878-2971 or 405-602-4526.

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Yes me and my husband are wanting to build a house but everyone has been telling us it is going to cost a pretty penny that we should think about modular homes. They are built up to codes and standards as a house. And some of them look like reagular stick built homes. But I wanted a log cabin home. Any advice out thier any suggestion on to what I can do. Thanks

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My boyfriend and I are in the process of buying a home. We found a double wide trailer close to work in the city. (Not in a park. It is on its own acre of private land in city limits.) It sits on a permanent foundation with a crawlspace. The property is Very well maintained and landscaped. It also has a large front porch and patio. Honestly, you can not even tell its a trailer. It looks like one of those modular type homes. It has been recently built (within the last 3 years) and has top of line everything inside. Its over 1800 sq feet and beautiful inside and out. The current owner pays property tax and is hooked up to city water and sewer. It is in a very nice residential area. (New homes.) However, our real estate agent claims there is no way to get financing on a trailer because it will lose value. Right now it is valued over 100,000! Pretty good for a 3 year old trailer, I thought. My question is, Is there anybody in NC who has a similar property and got regular financing for it??
I also add that we have good credit and do qualify for a regular "stick built" home. Its just that our real estate agent said we can not get financing on mobile/modular homes. She claims it is because they have a higher foreclosure rate than a "stick built" and lose value quickly. It sounds strange to us since the mobile home is not movable or in a park. Also, since its selling/valued at 3 or 4 times the cost of an old single wide trailer. The price is that of a regular home. I'm just a bit confused because we are young first time home buyers. Thanks for any help you can offer!
M2, Thanks! It is on a permanent brick foundation. The "crawspace" is just under the back patio area. The seller is selling the land and trailer together but no lender we have talked to (5!) want to do a loan for a trailer. They all tell us to stick with a "stick built" home. They don't want to "risk" a trailer. Our real estate agent has already found us the "perfect house" to suit our needs so she doesn't want to check into finding trailer financing. Well, she claims she has and there are no options. It is just hard to believe that a home permanently attached to the land with a high resale value (for a trailor anyway, 9,758) can't be financed! We checked and it has never been a "moveable" trailer aside from when it was brought from the factory to the land site and attached to the foundation. We will look into realty.com and a mortgage broker before giving up…Thanks for the advice!
loslunas87031, Are credit scores are very good and it is considered real estate. I think you are very right. That seems to be exactly what they do. The houses they seem to keep steering us towards are quite a few thousand more than we want to pay. Our agent always claims that since we are "quailifed" for a certain amount that we should be looking for 5,000 – 10,000 higher because we can offer a bit lower. Everytime we find something for less we are faced with head shakes and a hundred reasons why that property isn't "good". Home buying has been more of headache than I would have dreamed! It is so frustrating to find something perfect and affordable and told, "I really don't think that is a good investment." Maybe we should just start demanding detailed explaination as to why they won't finance a trailer and try to "barter" them into it…. I don't know. Thanks for your help!

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My fiancee and I are getting married in September. We have considered starting to build our own home, but then we discovered modular homes. We want about a 1400 square foot home, 2 bedroom, 2 bath, as we are not planning on kids for some time. We found the perfect modular home that meets our standards. I understand that modular homes are often built cheaper. If you have any knowledge, or own a modular home, please tell me how much they cost, what all is involved with the process of buying, building, and moving. And also, how these are financed. Thank you in advance!

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I have 4 children that would like to keep their own bedrooms after years of having to share. I own 1.5 acres of land and a double wide mobile home. I want out of my mobile home. I have been seriously looking at log cabins & modular homes. I would put them on a slab on my property. After weeks of internets searches, I found a modular home that I am very interested in–the Cinci Cape by Palm Harbor. Anyone have any input on modulars or Palm Harbor?
How well made are they?
Do they retain their value?
Does thair value increase like a traditional "stick" home?
How do they compair in cost? Are they really substantially cheaper?
What should I look for?
If I decide against the modular home, what input do you have on log cabins?
Are they a realistic option in southern LA?
Are they energy efficient?
Do they settle and become unlevel?
Ideas people?
I cant afford to build traditionally, but I do not want to live in a mobile home any longer.
There is a substantial difference between mobile homes and modular homes–the differance starts with the ground up… mobile homes are on metal frames and are raised–modular homes are built like "stick" homes and can go on foundations/slabs.
Also, I am not renting. I own the land outright and have a mortgage on my mobile home. And, surprisingly, the value of the two has almost doubled since I bought them 7 years ago.

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There is a home in PA that I like very much (on 10 acres of land). I just found out that it's modular. I was told that FHA does not finance modular homes(I was hoping to get the 3-5% down; the home & land asking price is 000). Do you know of any places that could make this happen? Credit score is low 600s and wife & I make 80k a year.
We make ,000/year the house is ,000. I don't think we make too little. Please read the question carefully.

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OK my fiance and I bought a little ranch house about 4 years ago. W now want to buy some land near my parents in Pa and put a brand new modular home on it!!! The problem is all these companies keep telling us they cant finance mobile homes, but i've researched it and and ther is a difference between Mobile and modular!!! in fact my sister and her husband bought a beautifull cape modular home about 10 years ago and it is considered a house, Her home even went WAY up in value. im getting very dicouraged!!!! What is the problem???? These modular homes are beautiful it seems stupid to stick build when these new modulars are available. what should i do? Am I getting screwed over by these finance companies or what?

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