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Mobile Home Financing In Florida, Florida Manufactured home loans

By Thomas Martin

Mortgage and Lending with 1st Continental Mortgage

December 18, 2008 09:13 PM

Mobile Home Financing In Florida

No matter if you call it a factory built home, a manufactured home, a modular home, or a prefabricated home; smart Florida financing Mobile Home Buyers know that manufactured homes offer them comparable quality, lower costs per square foot and dramatically quicker build times than a traditional site built home.

These new mobile homes in Florida are a world better in quality and Construction than the single and double wide trailer homes of a generation ago. Not only has the quality of manufactured and modular housing improved dramatically for Florida home buyers, but now there are also more Florida mobile home mortgage programs for manufactured homes and better home loan options for modular home buyers in Citrus County and the other Florida cities we serve.

Most industries in Florida switched to factories and assembly lines over one hundred years ago. Only Florida home builders were left behind. Many still cling to the outdated belief that the only way to build a home is by delivering materials and workers to the vacant lot and managing subcontractors for 6 months to a year.

Not true.

It should be no surprise that the fastest growing segments of the housing market today are Florida manufactured homes and modular homes.

As Mortgage Lenders, we at 1st Continental Mortgage have helped scores of Floridians from first time home buyers to vacation home buyers secure excellent FHA home loans to achieve mobile and modular home financing. If you need a loan for a mobile home on land, a modular home in a Florida subdivision or a manufactured home on acreage - please call 1-800-570-0448 or apply online today using our quick application.

Florida Modular homes or manufactured homes from top manufactures now compare in quality with homes built by better custom home builders No matter what name they go by, factory built homes cost between ten and thirty percent less than traditional site built homes. At 1st Continental Mortgage, we know why you want a fixed rate mortgage to buy a modular home in a subdivision, an FHA home loan for a manufactured home on an acre lot, or conventional home loan for a mobile home on a rural retreat. With our network of financing, we can help you get the manufactured home financing for your Florida dream home at interest rates and terms you deserve.

Some mortgage lenders do not know how to get these loans approved. Worse still, they don't welcome the business of manufactured home buyers. At 1st Continental Mortgage, we want your business. We will be glad to assist you in securing the best rate and terms for your Florida manufactured home mortgage. We have been helping with the purchase and Refinance of mobile, modular, and manufactured homes from Dade County to Leon County for over a decade.

Some Florida Mortgage lenders don't know the lenders who want to lend money for a manufactured home and land package. We do. If you are looking at a modular home in a subdivision, or one of many Florida manufactured housing developments, call 1st Continental Mortgage today at 1-800-570-0448. Our friendly staff can help you get a low fixed rate mortgage or refinance on your Florida modular home, manufactured home or Mobile Home.

Answers to Mobile Home Questions

Manufactured Home Q&A That Mean Something

Can I finance a used mobile home?
When shopping for a mobile home, what should I consider?
Should I buy a mobile home from a dealer or use a real estate agent?
Can I finance a single wide manufactured home?
What is the difference between a double wide and triple wide home?
What is the difference between a mobile home and manufactured home?
Are modular homes the same thing as mobile homes?
Can a modular home be built in a subdivision?
Is it difficult to finance a manufactured home?
How do I get a loan for a mobile home?
Should I finance my mobile home through a dealer?
Can I use my mobile home to consolidate debt?
How difficult is it to refinance a manufactured home?
Does my mobile home have to be permanently affixed to the ground?
Does your company have experts that specialize in MH financing?
How do you view credit when financing a mobile home?
I need a fast turnaround time, can your team get it done?
Can I get a pre-approval letter for a mobile home loan?
What are the closing costs on a mobile home loan?
What Interest rate can I expect to get when financing a manufactured home?

What makes a mobile home safe to live in?

All mobile/manufactured homes must be constructed in accordance with regulations of the U.S. Department of Housing and Urban Development (HUD) which are entitled the Manufactured Housing Construction and Safety Standards. These regulations were amended in 1994 to better ensure that mobile/manufactured homes can withstand strong winds. In addition, all mobile/manufactured homes must be installed in accordance with Rule Chapter 15C-1, Florida Administrative Code (F.A.C.), which are among the most stringent mobile/manufactured home installation standards in the United States. All mobile/manufactured homes that are installed in Florida must be installed by a licensed mobile/manufactured home installer. Investigations of damage to mobile homes from the 2004 and 2005 hurricanes found that no homes built subsequent to the new HUD construction regulations sustained any significant damage and all homes installed in accordance with Rule 15C-1, F.A.C. tended to also fair well. To ensure the safety of mobile/manufactured homes there are also restrictions on where such homes may be set-up. No mobile/manufactured home can be set-up in Florida unless it was built in accordance with the standards that apply to the Wind Zone applicable to the county where it is to be set-up.

What mobile/manufactured home manufacturers are licensed to sell their homes in Florida?

Florida licenses 52 mobile/manufactured home manufacturers to do business in Florida, 14 of which are located in Florida. A list of Florida licensed mobile/manufactured home manufacturers is available.

Does my new mobile home/manufactured home have a one-year warranty?

Yes, Florida law requires new mobile/manufactured homes to have a one-year warranty. However, some manufacturers offer warranties that are longer than one year.

Does the installation of my mobile/manufactured home have a warranty?

Yes, all new and used homes are required to have an installation warranty that extends one year from the date the certificate of occupancy was issued.

Do Florida dealer warranties apply to homes purchased from an out-of-state dealer?

No, the state required dealer warranty applies only to homes purchased from licensed Florida dealers.

If I purhase a used mobile/manufactured home from a dealer, do I have any recourse if I have problems with it? Who do I contact?

The Division of Motor Vehicle's jurisdiction on used homes is limited to the contractual obligations of the dealer's sales contract. Only the warranty or implied warranty on the contract is enforceable. You may contact your local DMV office for assistance.

If I own my land, do I have to purchase a registration for my mobile/manufactured home each year?

Mobile/manufactured homes located on your property may qualify to be taxed as real property. If so, your local tax collector (tag office) will sell you a permanent, one-time registration sticker for your home. If your home is located on leased property, however, it must be registered every year.

Are set-up instructions and a homeowner's manual included when you buy a home?

Yes, state and federal laws and codes require the manufacturer to furnish complete printed instructions for the set-up and maintenance of each home they manufacture. Instructions for the set-up of the home are very specific and must be closely followed for proper installation. Following instructions for the maintenance of the home will extend the life of the home.

What should be considered when choosing a site for my mobile/manufactured home?

The site must be prepared properly in accordance with Florida Rule 15C-1, F.A.C.. The site must be clear of debris and water should be directed away from the home's foundation.

Are local permits required for the set-up of mobile/manufactured homes and park trailers?

Yes, set-up permits are required and can be applied for at the local government building departments.

Does the State of Florida approve mobile/manufactured home anchors and set-up products?

Yes, all mobile/manufactured home installation components and products must be certified by the Division of Motor Vehicles. They must undergo technically sound engineering testing that proves they are compliant with the provisions of Rule 15C-1, F.A.C.. The Bureau of Mobile Home and Recreational Vehicle Construction maintains a list of approved installation products.

Are all mobile/manufactured home dealers required to have a mobile/manufactured home installer license?

No, only mobile/manufactured home dealers that pull permits and/or set up homes they sell are required to have an installer license.

Are individuals and dealers that set-up mobile/manufactured homes required to be licensed?

Yes, individuals and dealers who install mobile/manufactured homes must be licensed as installers by the Bureau of Mobile Home and Recreational Vehicle Construction. Installers are required to take a pre-license course and pass a license examination. They also must have a $5,000 surety bond and $100,000 of liability insurance before they can be licensed. Installer licenses must be renewed annually.

Can licensed mobile/manufactured home installers do plumbing hook-ups?

Yes, connecting plumbing to the newly installed home is part of the installation process.

Can licensed mobile/manufactured home installers do electrical hook-ups?

No, installers can only install electrical crossovers on multi-section homes. Any other electrical work on a home must be done by a licensed electrician.

If a mobile/manufactured home is displayed on a temporary basis such as for marketing promotion, do they require a mobile/manufactured home installation decal?

No, installation decals are not required on homes temporarily displayed.

Can a consumer set up their own mobile/manufactured home or park trailer?

No, section 320.8249, Florida Statutes and Rule Chapter Rule 15C-2, F.A.C., require that only licensed mobile/manufactured home installers may set-up a mobile/manufactured home in Florida.