Manufactured homes, often also referred to as mobile homes, are built in factories in one or more parts and then transported to the home site. This is in contrast to stick built homes, where all the materials are brought to the home site for construction.
There are many benefits of manufactured homes, and today’s home buyers are often surprised to see what a great fit this type of property could be for them. Here are a few advantages to consider.
Manufactured homes are generally less costly when compared to stick built homes of a similar size, but the savings don’t stop there. Newly built manufactured homes are often more energy efficient, making them less expensive to heat and cool.
Manufactured homes can be purchased new or used, with used homes often offering even greater savings. When a buyer can find a used mobile home that is already located on a lot or parcel of land this can be beneficial as well, as there will be no need to pay to transport the home and have it installed on the building site. When considering used manufactured homes it is advisable to look at those built after June 15, 1976. Homes built before this date were not subject to Federal Manufactured Home Construction and Safety Standards and will likely not qualify for some of the best mobile home financing options.
The negative impact to the environment tends to be lower with manufactured homes. The building process is very efficient, meaning there are fewer wasted materials. With a stick built home additional building materials are often tossed into a dumpster and end up in a landfill. It is simply too costly for builders to transport the scraps to another jobsite to put whatever is salvageable to use. With a manufactured home there are many units being built in the same location making it simple to make the most of supplies and resources.
The energy efficient nature of many mobile homes also helps reduce environmental impact.
Because a manufactured home is built in a factory its construction is rarely subjected to delays due to bad weather. In addition, the process of building the same or similar unit over and over allow manufacturers a great deal of control over the construction. Many of the well-known manufactured home builders are well-regarded throughout the industry for creating excellent homes, solidly built to an exacting standard.
Though it’s a misconception that a manufactured home can simply be driven away when the owner wants to sell or relocate, they are often much easier to move than a stick built home. This provides the owner with greater options when it comes time to sell the property. The home and the land it sits on could be sold together, or the home could be sold on its own and transported to a new location.
- Excellent Financing Options
Buyers are often concerned that it will be more difficult to get a mortgage should they choose to purchase a manufactured home. At eLEND we are a leading provider of mobile home financing and have excellent, low rate options, even for those with less than perfect credit.
- Some of the highlights of our manufactured home mortgage program include:
• The home must be at least 400 square feet in size
• The mortgage must cover both the home and the land it sits on. It cannot be on leased land
• The home must be located on a permanent foundation, and not within the flood zone
• Only a low down payment is required
• Low rates and fees
Learn more: https://www.elend.com/buy-a-home/mobile-home/
Photography by [nito] © shutterstock.com
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