Mobile-homes Sentence Examples
Lenders are wary of financing mobile homes in any state, and applicants who do get an approval often face higher interest rates than they would if they were financing a permanent structure home.
The pair drove down Seventh Street, crossed over the Uncompahgre River and followed the dirt road to the small cluster of mobile homes.
Our self catering luxury mobile homes are set amidst beautiful pine forest.
We have mobile homes and tents on campsites situated on or near the beach on the west coast of France.
Vinyl siding has come a long way since its days on the bottom portion of mobile homes.Advertisement
These communities typically offer townhomes, condominiums, apartments, or mobile homes for residents.
Down payment requirements for mobile homes vary from lender to lender.
If possible, compare the structural integrity of the unit with several other mobile homes.
From the lender's perspective, the completed modular home is usually considered for a traditional home mortgage and does not have the restrictions required for other forms of manufactured housing such as mobile homes.
One of the biggest questions asked early in the game is whether used mobile homes can be financed at all.Advertisement
For companies that finance both used and new mobile homes, interest rates are often a bit higher on used mobile homes.
Interest rates for manufactured homes are quite a bit higher than the rates for other types of residences, and used mobile homes have higher rates than new ones.
Does the lender offer loans for mobile homes?
Not all mobile homes qualify for mortgage loans.
Lenders have specific standards when it comes to whether or not they are able to refinance mobile homes on rented lots.Advertisement
Not all traditional mortgage lenders provide loans for mobile homes.
Not all companies that finance mobile homes will accept FHA guarantees, as the loans come with stringent standards to protect both the borrower and FHA.
According to U.S. Census statistics, nearly five percent of California residents live in mobile homes.
This may not seem like a very large number, but when you consider that this state is the most populated within the U.S., the five percent of residents living within mobile homes translates to over half a million people.
For a longer list of lenders who specifically provide loans for the purchase or refinance of mobile homes within California, visit the official website for the California Manufactured Housing Institute.Advertisement
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.
This information is based on the square footage of the mobile home in addition to recent sales of comparable mobile homes within the vicinity.
Not all mobile homes are used as permanent dwellings, and mobile homes which are not placed on a foundation and are often moved fall into a different category.
Mobile home owners require similar coverage to homeowners with permanent structures, but some insurance providers will not supply coverage to mobile homes.
Personal Residential Multi-Peril - These policies are for homes, condos, and mobile homes and cover damage from fire, theft, and everything a conventional policy covers.Advertisement