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Is A Mobile Or Manufactured Home For Us?

Is Mobile/Manufactured Housing for Us?


A mobile home is a dwelling which is built on an integral chassis, in a factory, transportable in one or more sections, and which is eight feet or more in width. All single family mobile homes manufactured since June of 1976 must be built to standards established by the U.S. Department of Housing and Urban Development (HUD), and must display a label certifying compliance. One of every three homes constructed in Florida is a mobile home.

A home is probably the single most important purchase you will make in your lifetime. In recent years, nearly one-third of all new single-family homes bought have been manufactured homes.

The term "manufactured home" was adopted in 1980 by the United States Congress to describe a type of house that is constructed in a factory to comply with a building code developed by the Department of Housing and Urban Development (HUD). In the past, manufactured homes were called "mobile homes," a term that many people still use. However, "mobile" is no longer an accurate name because fewer than five percent of such homes are ever moved off the owner's original site.

At MobileHomeLoan.biz, we're committed to providing you with first class service. That means reasonable rates and speedy, helpful answers to any questions you may have.

                                            

As Mobile Homes have made the transition to “Manufactured homes” companies like Cavco Industries have changed America’s perception of what a mobile/manufactured home can be. Their stunning designs and world class manufacturing erase the “trailer trash” and “trailer park” stereotype and make manufactured homes a great investment with all the tax deductions and benefits any homeowner deserves. MobileHomeLoan.biz is proud to represent Cavco by deliver their homes to clients in 6 states.


         

The Advantages of Manufactured Housing.

Cost-Effective:

  • Depending on the region of the country, construction cost per square foot for a new manufactured home averages from 10 to 35 percent less than a comparable site-built home.
  • Independent appraisal studies confirm that manufactured homes can appreciate in value the same as other forms of housing.

Built for Quality:

  • All aspects of the construction process are controlled.
  • The weather does not interfere with construction and cause delays.
  • All technicians, craftsmen and assemblers work as a team and are professionally supervised.
  • Inventory is better controlled and materials are protected from theft and weather-related damage.
  • All construction materials, as well as interior finishes and appliances, are purchased in volume for additional savings.
  • Cost of interim construction financing is significantly reduced or eliminated.
  • All aspects of construction are continually inspected.

Amenities:

  • Floor plans are available that range from basic to elaborate, with vaulted or tray ceilings, fully-equipped kitchens, walk-in closets, and bathrooms with recessed tubs and whirlpools
  • A variety of exterior siding is available, including metallic, vinyl, wood, or hardboard. In some cases, homebuyer can also opt for stucco exteriors.
  • Homes have pitched roofs with shingles and gabled ends.
  • Design features such as bay windows are available.
  • Awnings, patio covers, decks, site-built garages and permanent foundations are available as upgrades.
  • The home can be customized to meet the needs of the consumer.

Safety:

  • The building materials in today’s manufactured home are the same as those used in site-built homes.
  • The homes are engineered for wind safety and energy efficiency based on the geographic region where they are sold.
  • Manufactured homes may be one of the safest housing choices available today because of federal laws requiring smoke detectors, escape windows, and limited combustible materials around furnaces, water heaters and kitchen ranges.

Properly installed homes can withstand 120-130 mph 3-second gust winds in areas prone to hurricanes.


How HUD Monitors Manufactured Houses

Since 1974, the US Department of Housing and Urban Development (HUD) has overseen the Federal Manufactured Housing Program, a consumer protection program that regulates the construction of certain types of manufactured homes.

The HUD program covers residential manufactured homes, formerly called mobile homes, that have at least 320 square feet of living space. Homes covered by the program are tagged with a red label, which is the manufacturer's certification the house was built to HUD's construction and safety standards.

HUD works with state governments and private inspection agencies to develop and enforce manufactured home construction standards. Most states have established a State Administrative Agency (SAA) to enforce the program within their boundaries

Manufactured homes are built to conform to the Manufactured Home Construction and Safety Standards (HUD Code), rather than conforming to building codes at their individual destinations. Today's manufactured homes come in many shapes and styles, and often do not resemble a typical single or doublewide mobile home.

If you haven't stepped inside a manufactured home lately, you're in for a really big surprise... especially if it's accompanied by a great location. Technically, modular homes and mobile homes are manufactured homes. Manufactured homes and now built to a Federal Code. Perhaps you knew them as mobile homes once, but after HUD passed the Federal Manufactured Housing Standards and Safety Act, the term mobile home was dropped. Because manufacturers build to the Federal HUD Code, HUD approved third party inspectors are in factories at all stages during production. Modular homes fall under local jurisdiction. Some of the factories do build modular depending on the factory location and the destination of the home. Modular codes could be DCA, UBC, BOCA, SBC, etc. The differences usually involve design standards versus performance standards. Municipalities differ in that they have different requirements and variations within county governments.

ValueLoans.com Makes Financing Easy!

How hard is it to get a manufactured home financed?

If you've ever bought a site-built home, you already know how long and tedious and drawn out the finance process used to be. That's why "specialty" lenders like MobileHomeLoan.biz evolved to turn loans faster because manufactured homes are built faster on an assembly line. To make the process even quicker and easier, we created an efficent mortgage company centered on moving manfactured housing loans through at an efficent pace. Right now you can purchase a Mobile or Manufactured Home with as little as 5% down if it's a used home and 0% down if it's a new home.

Nationally, more and more people are seeking an affordable, quality-built alternative to more expensive site-built homes. As a result of this trend, builders, retailers and developers are realizing the unique benefits of featuring factory-built homes in their developments.

If you are interested in receiving more information about financing with LoanJunction call us and let us help you make your dreams come true.


         9 Steps To Your New Home

                       The 9 Steps to purchasing your new home

Site Selection
Don’t worry if you have not chosen a home site yet. We will gladly help you locate the perfect builder and they will help you find the perfect site using many resources; a site that not only suits your lifestyle, but your budget as well.

Site Inspection
Your builder should assist you in determining if the site is appropriate for your chosen home as well as to get a clear understanding of the on-site amenities you want. Things like decks, sidewalks, wells and garages. This step prevents problems with possible flood plains, required easements and other local code issues.

System Test & Inspection
Once the construction of your new home is completed, the home is moved to a separate testing area. Here utilities are connected and Quality Inspectors complete a long list of requirements to check every appliance and system in your home. This checklist includes testing pressurized water and gas lines for proper flow as well as tightness, testing all drains, testing air flow and the tightness of the duct system, testing the electrical system and checking all windows and doors to make sure they operate correctly. We even run the dishwasher through a complete cycle before your home is delivered to your home site to provide you complete peace of mind.

Transportation
Your home will be delivered to your home site by a professional driver and it will be delivered in a timely manner. Reliable delivery and proper placement of your home is one of the most important steps in the set-up process.

Home Installation
After your foundation process is complete and your home is delivered to your chosen site, your home builder associates should supervise your home being anchored to your foundation. This step will insure that your home meets or surpasses all mandated local regulations.

Home Preparation
Once your home is secured to your foundation system, Your builder should make sure your home is level and secured with systems that surpass even the manufacturer’s specifications, if required by your state or authority having jurisdiction. Proper installation insures the safety and durability of your new home.

Home Inspection
Once your home is secured on your homesite, you should do a final inspection with a home builder technicians. You should be looking for variances in your design, quality of material, clear down to the color of your paint and carpet. The Home should be completed to your highest satisfaction before your ready to begin the move in process.

Final Walk Through
After your technician has completed the final detailing, your home is ready for your final inspection, making sure everything is working up to your highest expectations, inside and out. You should l be given a quality assurance checklist to go over with your technician. the technician should answer your questions and explain all that has been accomplished during this final important process.

Move In
After the final close with your mortgage company, you will receive your certificate of occupancy and move into the home of your dreams with the complete peace of mind you deserve.

 

Before You Buy a Mobile Home


What Is a Mobile Home/Manufactured Home?

A mobile/manufactured home is a dwelling which is built on an integral chassis in a factory, transportable in one or more sections, and which is eight feet or more in width. All single family mobile/manufactured homes manufactured since June of 1976 must be built in accordance with the Manufactured Housing Construction and Safety Standardsestablished by the U.S. Department of Housing and Urban Development (HUD), and must display a label certifying compliance. One of every five homes constructed in U.S is a mobile/ manufactured home.

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What To Look for When Buying a Mobile Home/Manufactured Home

As with any significant purchase, you should shop around for the mobile/manufactured home of your choice. Compare cost, floor plan design, and interior and exterior décor. When you are shopping for a mobile/manufactured home, don’t hesitate to find out the details its construction methods and materials. A reliable dealer will be happy to explain them to you. Be sure that all warranty and appliance instruction booklets and home owner and set-up manuals are in the home. Beware of a new mobile/manufactured home that does not display a label certifying code compliance. (All single family mobile/manufactured homes must bear a certification label, which is displayed on the rear of the home. A label is required for each section of the home.)

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What About the Dealer?

If you purchase a new mobile/manufactured home, the dealer must be licensed with the Division of Motor Vehicles, Department of Highway Safety and Motor Vehicles. Used mobile/ manufactured homes may be sold by licensed dealers, real estate brokers (if the land is included in the sale), or the owner may sell his or her own mobile/manufactured home just as with a site built home.

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Tag and Title

In most states, a mobile/manufactured home is a motor vehicle and requires a certificate of title as proof of ownership just as your car or truck does.

There is a separate title document for each section of your mobile/manufactured home (there is one title document for a single-wide mobile/manufactured home and two title documents for a double-wide mobile/manufactured home). If your mobile/manufactured home has been paid for in full, you will receive the title(s) from Division of Motor Vehicles headquarters in your state. If there is a lien on your home, the lienholder will receive the title, and hold it until the lien amount has been paid. In either case, most states law requires the dealer to apply for the title within 30 days of the date of sale.

If you own the land on which your mobile/manufactured home is located and home is permanently affixed to the land, you may declare the home to be “real property” (RP) and have it placed on the tax rolls of your county. Your taxes would then be paid in the same way as conventional homestead taxes are paid. If you rent the land on which your home is located, or if your home is not permanently affixed to your land, you must purchase and display a decal each year for each section of your mobile/manufactured home.

If you are uncertain as to whether your home is permanently affixed to the land, you should contact your County Property Appraiser who will make this determination. If you mobile/ manufactured home is real property, failure to place it on the county real property tax rolls may result in back taxes and penalties being assessed against you, so it is important to make sure your mobile/manufactured home is classified properly.

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What if You Need Service?

Most states law requires both the dealer and manufacturer to warrant a new mobile/manufactured home for one year from the date of delivery. If your home needs service during this time, contact your dealer. He will arrange for repairs with his own employees; or, if the work is the manufacturer’s responsibility, your dealer can assist you in notifying them. If you feel that the dealer and/or manufacturer are not responsive to your problems, you may file a complaint with the Division of Motor Vehicles (DMV) in your state. DMV has the authority to require that repairs be made to your mobile/manufactured home so that it will be in compliance with HUD standards within the first year of purchase.

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Financing and Contracts

There are few sources for financing your mobile/manufactured home in addition to dealer financing. MobileHomeLoan.biz is just of a few finance companies left who specializes only in mobile home financing & refinancing. You around for the best  insurance plan. Be sure you understand what your costs will be.

Also be sure that you understand which items on the contract are your responsibility, and which items are the dealer’s responsibility. Check that they are clearly defined. Do not leave any blank spaces on the contract, and be certain that all items which you and the dealer have agreed to are covered by the contract. Do not rely on oral agreements. Read the entire contract before signing it, and be sure to save a completed copy for your records.

If you place a deposit on a home and do not complete the sale, you may forfeit part of your deposit, depending on your contractual agreement. If the purchase is contingent on the sale of your present home, this condition should be noted on all copies of the contract and initialed by both parties. If the dealer is to retain the “running gear” (the wheels, axles, and other mobilizing hardware) from your home, this must be stated on the contract.

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How to Choose a Park

Before investing in a mobile/manufactured home, be sure you have a place to put it. If you are considering residing in a mobile/manufactured home park, visit various parks and compare what they have to offer. Among your choices are (1) renting the lot, (2) purchasing the lot, or (3) condominium or cooperative parks. In each case, prior to agreeing to anything, be sure you read and understand the terms of the lease agreement and the rules and regulations of the park, as you will be expected to abide by them. Further information can be found at theDepartment of Business and Professional Regulation website.

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Tie-Down (Anchor) Requirements

All mobile/manufactured homes are required to be tied down in accordance with the specifications provided by the manufacturer. In the case of a used home, and in the absence of the manufacturer’s tie-down instructions, the home must be tied down in accordance with the specifications provided in Department of Highway Safety and Motor Vehicles specifications Administrative Code. Each county and municipality is responsible for ensuring compliance with the tie-down regulations through permitting and onsite inspections.

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Used Mobile Homes

The selling dealer is responsible for fulfilling the terms specified in the contract. The title will show the correct model year of the mobile/manufactured home. If the home is purchased from a dealer, the dealer must apply for the title on your behalf within 30 days of the date of sale. If no dealer is involved, follow the same procedure as you would to transfer a motor vehicle title. The county tax collector office will be able to answer any questions you might have concerning title transfer.

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Mobile Home Loan Automated Quote Form

Our manufactured & mobile home loans automated quote form allows you to shop us from the comfort of your own home without speaking to an office loan coordinator or account executive yet still receive a best estimate of our rate, term and/or availability based on your unique situation. Please provide as much information as possible. Thank You for making ValueLoans.com #1.

Your Name:
Year Of Mobile Home and Whether it is a Single, Double or TripleWide?
Rate Your Credit? Poor (Lower Than 599), Fair(600-660), Good(661-699), or Excellent, (700 & Above).
Is the Home on Land, In a Park, Private Property, Leased Land, in a Coop Community or Other?
Is This a Purchase, Refinance For A Lower Interest Rate Or Cash Out / Debt Consolidation Refinance Loan?
Income Per Month And The Source: W2,s, Retirement or Self-Employed
State:
Amount You Would Like To Borrow And Value of The Home? For New Purchase Loans Include % down
Phone:
Email Address:
Getting To Know You Section:Please include anything that may help us to give an accurate quote,Including Previous BK, Additional Income, Current Lender, current rate, goals or anything unique to Your Situation.

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