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mobile home loans: Manufactured Homes Are Very Affordable! - 09/18/08 02:58 PM
Joe Adams sold manufactured homes for a while, and he has put together a great piece of information on financing mobile homes.  Remember, new construction, mobile homes on permanent foundations (and land that you own - not rented) qualify for USDA, 102% financing!

Via Joe Adams:
 In a past life when I sold manufactured homes the more difficult the economy and the higher the interest rates the better we did.  WHY, becuase of AFFORDABILITY!  Just think, as the price of homes is up (yes even today after all that has happened) and financing rates go up that brings monthly payment more … (4 comments)

mobile home loans: Mobile Home Financing - 06/30/08 08:54 AM
For folks in the Industry who have worked for years to get rid of the term "mobile home" - I apologize... but here in North Carolina... that's what we call 'em.
At one point in the last 10 years - 40% of all housing in NC was considered to be manufactured housing.  This is a big market!
Many folks refer to "manufactured housing" as anything sitting on one of those lots on US 70 or US 64 near Sanford (or the ones in Wake Forest, or Wilmington, or Henderson, or Dunn - all over the place really).  The truth is, not … (6 comments)

 
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