When buying a double-wide house, you need to know certain things to ensure you are paying a fair and reasonable price for the home. A double-wide house is technically a mobile home that combines.
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There is a Federal Housing Administration loan program for manufactured housing, but it requires the owner to use the home as his or her primary residence. Maybe that’s the source of your.
HUD.gov / U.S. Department of Housing and Urban Development (HUD) – A Title I loan may be used for the purchase or refinancing of a manufactured home, a developed lot on which to place a manufactured home, or a manufactured home and lot in combination. The home must be used as the principal residence of the borrower.
23 years and 32 days for a double-wide manufactured home; 25 years and 32 days for a double-wide manufactured home and lot; 15 years and 32 days for a lot purchase if you already own the home; Chattel loan/mortgage. A chattel loan is one of the most common ways to finance mobile homes that sit on land-leased properties.
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Financing For Double-Wides | Pocketsense – Buying a double-wide mobile home can provide a housing option for much less than the cost of a traditional home. However, it is sometimes difficult to find financing for this type of purchase. When researching a loan for a double-wide, it may be necessary to look at several options.
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Mobile Home Loan Calculator & Loan Interest Financing Rates – mobile home loan calculator. Try different interest rates and term lengths to find the right monthly payment for you. To use the Mobile Home Loan Calculator below, just enter the appropriate values into the fields below (or use the default values provided), and click the Calculate button.
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