Why Buy a Manufactured Home?
If you’re in the market for a manufactured home, you may have some questions. And that works out well, because we’ve got some answers.
Manufactured homes are an attractive, affordable homeownership option that will allow you to build wealth through equity, just like any other owned home.
The only real difference between manufactured homes and traditional site-built homes is that manufactured homes are built and assembled in a factory setting instead of being constructed onsite. They are affixed to permanent foundations, just like any site-built, modular, or pre-fabricated home. They’re built in compliance federal housing codes and last just as long as most site-built homes.
What Types of Mortgage Loans Can I Use to Buy a Manufactured Home?
Many of the same mortgage loan options are available for manufactured homes as there are for traditionally built homes. This includes:
- Conventional loans
- FHA loans
- VA loans (for eligible borrowers)
- USDA loans (for eligible rural properties)
The Benefits of Owning a Manufactured Home
Manufactured homes are environmentally friendly to produce, since less construction material gets wasted in the manufacturing process. They cost about half of what traditionally constructed houses per square foot, and yet they last about as long as traditional modern home construction.
Simply put, manufactured housing is an attractive, affordable option for those looking to achieve the goal of homeownership.
Buy a Manufactured Home
There are many benefits to owning a manufactured home. Homeownership might be closer than you think!
NLC Loans can help you buy a manufactured home so that your dreams of homeownership can become a reality. Your new home is waiting for you, so start the process today by clicking below to get pre-qualified: