What You Need To Know About Mobile Home Financing – Best Mobile Home Loans

You want to save some money and buy a manufactured or mobile home but don’t know a lot about the financing. Well, here are a few things you need to know. Manufacturing and mobile home financing can work different depending on the type of manufacturing mobile home situation you are buying. If you’re buying a manufactured home or mobile home where you do not own the land, you have to get a different type of financing specifically for mobile homes. It has different interest rates, different terms, different everything, and only certain lenders offer it. So make sure your lender works with manufactured homes where you do not have a permanent foundation or do not own the land. If the home has a permanent foundation, a legal permanent foundation, you can use the same type of financing as any other type of home. You can use conventional and FHA financing, so make sure you know the specific situations of the home you’re buying so you can see who you need to get financed with.