Financing Options: Manufactured Home Lending Made Easy

There are many financing options available for today’s manufactured home buyers. While it can be a bit confusing trying to locate that perfect manufactured home loan online, it doesn’t have to be that challenging.

Buyers often find the process of purchasing their first home both perplexing and exhilarating at the same time,  particularly when it comes to identifying the right manufactured home lender to finance your new prefabricated home.

Lenders are not all created equal. Some will finance manufactured homes, some won’t. So doing a little online research before you get too deep into the loan application process is beneficial. The good news is, most lenders have products for manufactured homes that include new and used models. Even if you do not have the best credit score or cash in the bank. But in order to accomplish this daunting task, you must be able to answer some very lender specific questions.

Finance your next manufactured home quickly and avoid wasting time by knowing the answer to the follow and six questions.

Seven questions to understanding your financing options

  • Do you own the property where your new manufactured home will be located?
  • Will you need to finance the land as well as the manufactured home?
  • Will there be specific building codes for your new manufactured home?
  • Will you be renting a lot in a manufactured home community? If so, are there additional fees, dues or rental policies?
  • Will your new manufactured home come with a manufacturers warranty? If so, how long will last?
  • Will you be buying a new or used manufactured home?
  • Will the purchase be made through a private party or a manufactured home dealer?

A lot to take in, many are confused when it comes to wading through all the lenders out there. Some corners of the country have a wealth of lenders who offer loans for manufactured homes, while others do not. Start by locating a great Internet resource, such as

First and foremost, today’s online manufactured home buyers should start by locating a great internet resource, such as Informational websites like  Manufactured Homes saves online buyers variable time and money, allowing buyers to locate qualified lenders instantaneously.

For those with less than stellar credit, many federal loan programs can get you approved for a loan with low minimum FICO requirements. This can be a great way to get into your manufactured dream home without having to rebuild your credit score. Check with a few manufactured home lenders to see who can offer you the best rates for your particular financial situation.

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