Question on buys a mobile home.

[Ron]

I was just wondering when buy a home. I am a home owner already, but in the future I may be interested in buying a mobile home on my own. What I am wondering about is if you don't have the cash to buy them out right and it's an older home. How does the financing work? Would you have to take out a personal loan? Say the home was $8000 to $14,000 Would banks give a personal loan?
Thank you,
Ron

[David Oxhandler]

By an act of Congress in 1974, the U.S. Department of Housing and Urban Development (HUD) was designated as the government agency to oversee the Federal Manufactured Housing Program. Prior to that time manufactured homes were constructed to a patch work of state and local standards.

Homes built prior to the HUD code are difficult to finance. Conventional lenders will not take the risk of putting money on any structure with unknown building standards. BUT thousands of HUD compliant older homes are purchased and financed every month.

There are loans available for home and land packages that are identical to conventional home mortgages. AND there are loans that are more like auto loans available to purchase just a MH with out land.

If you are having difficulty finding a lender visit www.ManufacturedHomeLender.com , they match manufactured housing lenders and borrowers.

Now is an excellent time to purchase a pre-owned home. In almost every part of the country there is a huge surplus of repossessed and foreclosed homes of every type and size. If you are shopping now start by checking out our foreclosure listings

[gerald]

Im looking to buy a karsten custom RC 11 from Alb N M .The home will be placed on land 150 miles from the factory. I really like the factory tour and the products an options. My grissim rating guide rate Karsten 8 makeing it good. I need some feed back on the karsten homes of N M thank you Gerald.

[Ron]

Thank you. Very helpful.

[newtettf]

I have a questions about buying a manufactured home. I am doing a FHA loan on one in Idaho and I have to verify that the property has only been moved one time from the dealer to the foundation. The home was only declared real property in 1997 but it was built back in 1988. I called the manufacuter to find out which dealer it went to but they do not keep records back that far. The title company does not have records of it prior to 1997 nor does the county assessors office. I cannot do a FHA loan on this property unless I can verify this. How can I find this out with ony the serial numbers or metal tag ID information? Is there a way to track down insurance information on the property? I do have the prior owner's names but I haven't had any luck tracking them down.
Any suggestions on how I can verify where the home was prior to 1997?

[rmurray]

The one place that comes to mind is the tax office in your area..Tax records on the land are probably keep at least that long...Most areas require building permits and some building officials keep long records..since you have previous owners names these searches should be easy. Somebody paid taxes on this home somewhere..Maybe your title office has old records with addresses...