Tuesday, May 25, 2021

Manufactured Homes

 I personally like manufactured homes, especially the younger models.  I do understand that being factory built, they typically come with less expensive materials and finishes unless upgrades are requested, but on the other side, they are still cheaper than stick-built construction and one can still customize the size and configuration nicely!  

One note of consideration that I have been finding recently-- there are loans to purchase manufactured homes, definitely.  However, I do have a client who wanted to refinance his rental manufactured home and apparently had to go with a portfolio loan (in-house loan) which has a bit higher interest rate.  I have also seen recently where there was a larger selection of loans available to purchase a property with both a manufactured home and stick-built home on the same property.