Mobile-home Sentence Examples
One of the Keene campgrounds proved to be a mobile home park with no short term visitors.
If you think your cats may like to enjoy the fresh outdoors, or to travel with you (maybe you own a mobile home for traveling), then I say go for it.
There are plenty of less-than scrupulous lenders online who attempt to take advantage of borrowers looking to buy a mobile home with as little money down as possible.
There are two common types of mobile home loans.
Real property mobile home loans include both the home and the land on which the home rests.Advertisement
Personal property mobile home loans are only for the mobile home, and do not include the land.
Other mobile home loans exist, such as construction financing, but real property loans and personal property loans are the most common when financing the purchase of a mobile home.
The best place to begin your search for mobile home loans is with the financial institutions that you already do business with.
The amount of money you will have to put down on a mobile home can depend on several factors.
A low down payment on a mobile home may come with financial consequences.Advertisement
Some borrowers do not have the funds available for a substantial down payment, and in these instances a low down payment might be the only way to buy a mobile home.
The VA offers mobile home mortgage guarantees in addition to no down payment requirements.
While a new mobile home can be designed to your specifications, it can be much more expensive than buying a pre-owned model.
Is the crawl space underneath the mobile home relatively dry?
Is the skirting around the bottom of the mobile home solid and secure enough to prevent pipes from freezing in the winter?Advertisement
This is where mobile home financing comes in.
There are now many lenders who are willing to offer mobile home loans to those who need them.
In fact, some lenders specialize in mobile home financing.
These programs can be a big help to anyone who is looking for mobile home financing.
There are many good reasons to consider refinancing your mobile home.Advertisement
Refinancing your mobile home may or may not be a good idea.
This is a Mobile Home and 1 day before the Closing, they are now requestion a "Tie Down Inspection".No one has ever heard of this, including the Title Company.
Can we get out of the agreement, because of all the stalling, and is a tie down inspection requested by FHA, on a mobile home?
Mobile homes are popular in the state of New Jersey, but financing for a mobile home can be difficult to obtain.
Potential mobile home buyers need to be aware beforehand that the purchasing of a mobile home in New Jersey through a lender may be more difficult than purchasing a permanent structure home.Advertisement
The property cannot be a trailer or a mobile home.
The home must be located on land you own rather than in a mobile home park or rented lot.
If you own the land, then your manufactured home is classified as a real property mobile home whereas if you are stationed on a leased land, then your home is classified as personal property mobile home.
This type of mobile home refinancing enables you to access lower interest rates and tax benefits.
A real property mobile home can be refinanced through cash-out refinance and rate and term refinance options.
You will probably only benefit from rate and term refinance option when you plan to occupy your mobile home for a considerable period of time -usually not less than three years- if there are closing costs involved with the refinance.
Apart from the nationwide mobile home refinancing loans, you can alternatively seek for statewide mobile home refinancing programs.
Take time to compare the terms of lending provided by different mobile home refinancing lenders.
It might be called manufactured housing, a mobile home or a modular home.
Usually a lender will not offer a reverse mortgage on a mobile home.
The second is designed for those who will rent the land, such as in a mobile home park.
Used mobile home financing comes with a lot of questions.
A variety of lenders, some of which specialize in used mobile home financing, will lend money to individuals who are interested in a purchase.
Financing a used mobile home takes into account, of course, that the home has been lived in.
Finally, don't buy a mobile home that's "too used," because very old manufactured homes aren't guaranteed to be built as well as more up-to-date models.
You can purchase a used mobile home almost anywhere, and although some don't allow financing, the vast majority will have financing options.
Used mobile home financing can be easier or more difficult depending on the dealer from whom the unit is being purchased.
For example, buying a used mobile home from a dealer with a poor reputation might mean purchasing a less-than-quality product for more money than it's worth.
When considering a used mobile home purchase, don't rush out to borrow money and begin paying on the first home you see.
Financing a used mobile home is a big responsibility and is worth care and consideration.
Contact FHA to find out more about mobile home financing, which is referred to as "Title 1 Loans" by the FHA, and to also learn more about approved FHA mobile home financing lenders.
The process of refinancing your mobile home on a rented lot will depend on the procedures of the lender you choose.
A minimum value of the mobile home is usually required.
An inspection or appraisal proving the mobile home is livable and up to the standards of the lender.
Many lenders have age requirements for the mobile home itself.
The square footage of the mobile home is taken into consideration, as many lenders have a minimum square footage for a refinance.
What are your options if your mobile home does not conform to the standards for a refinance?
The specifics of the mobile home set on a rented lot are not the only requirements set forth by lenders when applicants look to refinance.
Websites like LowerMyBills will accept your mobile home refinance application and send it to several lenders in an effort to find the lowest interest rate and best terms.
The Federal Housing Administration (FHA) guarantees mobile home refinance loans, even if the mobile home is placed on a rented lot.
Mobile home lenders are familiar with the unique circumstances involved with purchasing a mobile home.
While some mobile home loans are considered mortgages, others are personal property loans which usually feature a higher interest rate than other mortgage products.
You may be able to find a lower interest rate from a lender that does not necessarily advertise mobile home financing, yet does issue these types of loans.
You do not have to limit your search to local lenders because there are plenty of lenders offering mobile home loans via the Internet.
Here is list of some of the lenders online offering mobile home loans.
This lender works directly with mobile home manufacturers to streamline the buying process.
If your first stop is a mobile home manufacturer, there is a good chance that the manufacturer will suggest a financing company to you.
More information about obtaining an FHA guarantee for your mobile home purchase can be found on the FHA website.
Find a lender that is willing to walk you through the process and eagerly assist you with any questions or concerns you have regarding purchasing a mobile home.
A divorce or separation makes it necessary to transfer the debt of the mobile home into one name.
When your current lender is not an option, or your current lender is not offering attractive interest rates and terms for mobile home refinances, it is time to do some research to find the best refinance product available to you.
California mobile home mortgage lenders are available in abundance in the Golden State.
California mobile home mortgage lenders have a broad population of potential customers.
The large number of mobile home lenders within the state of California give buyers the benefit of having the ability to do some comparison shopping.
While some mobile home lenders within the state confine their business to one county, most of them lend throughout the entire state or even the entire nation.
The list of lenders within California which are willing to approve mobile home loans is a long list indeed.
This is not a complete list of mobile home lenders within the state.
You will further be restricted by your age and the amount of equity you have in the mobile home.
Not all lenders providing mobile home mortgages within California offer these types of loans.
The California Department of Housing and Community Development offers a listing of mobile home parks within the state.
You can also find a list of mobile homes for sale, as well as a listing of mobile home dealers within the state, by visiting the Mobile & Manufactured Home Marketplace.
A home and mobile home policy covers household contents and personal property as well as personal liability protection.
Although obtaining the market value is relatively simple, finding a quality free mobile home appraisal value is a little more difficult.
An appraisal involves a qualified professional visiting the mobile home and making an educated assessment as to the value of the dwelling.
The appraiser will take into consideration the condition of the mobile home, repairs that need to be made, and any other factors which may affect the value of a mobile home.
The market value of a mobile home is an estimate of the monetary amount the mobile home might be sold for.
This information is based on the square footage of the mobile home in addition to recent sales of comparable mobile homes within the vicinity.
These assessments are usually conducted annually and do not cost the mobile home owner anything at all.
Some dealerships are willing to do this, especially if you are considering trading the mobile home in to order to purchase a new mobile home through the dealership.
Visit the website for Kelly Blue Book or N.A.D.A and search the databanks to see if the make and model for your mobile home is listed.
There are plenty of companies offering thorough mobile home appraisals, but the cost of the appraisal varies from company to company.
Policies usually include coverage for the mobile home but not for the land it sits on.
The policy also covers personal belongings that are lost in a mobile home that is damaged by a covered disaster.