Friday, August 31, 2007

Mobile / Manufactured Home Finance: What your lender will need to know about the Manufactured Home itself if it is in a Rental Community.

If you are thinking about using Bank Financing to Purchasing a Manufactured Home in a in a Mobile Home Community you will want to be ready to answer the following questions about the Mobile Home.

1) What is the name of the Mobile Home Park and what is its physical address?

2) What is the physical address of the mobile home itself?

3) What are the Make and the Model of the Manufactured Home? The Make is generally easy to determine. It will be something like Fleetwood, Palm Harbor, Liberty, Golden West act. Each Manufacturer has lots of different Models of homes. They have expensive models and cheep models. About 7 times out of 10 we cannot figure out what the model is so we just go with Fleet Wood / Fleet Wood or Gold West / Golden West so if you cannot figure out what the Model is do not worry about it.

4) What are the Width and the Length of the home that you are looking at? Manufactured home can be as small as 8 feet wide and over 70 feet long. I would suggest that you use a Tape Measurer and measurer the home your self.

5) How much is the Space Rent.

With the above information you will have every thing about the Manufactured Home itself that a lender is going to need.

Please feel free to comment of contact me with questions.

Ron Hopkins
Specializing in Financing for Manufactured Housing.
WK: 360-567-2596
Cell: 360-903-7601
Fax: 360-838-6578
Email: ronh@lsfloans.com

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