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Related to Mobile homes:mobile shop mo·bile home (mō′bəl, -bēl′, -bīl′) n. A large trailer, fitted with parts for connection to utilities, that can be installed on a relatively permanent site and that is used as a residence. Also calledmanufactured home. ...
VA loans can only be used for a home that you plan to keep as your primary residence. They cannot be used to obtain a rental home, investment property, or second home. They can, however, be used to purchase a two- to four-unit property if you live in one unit but rent out the r...
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Land/Home Loans — Also known as a Conventional Mortgage, a Land/Home loan offers buyers many advantages for purchasing a manufactured home with land. This type of loan offers you a convenient front-end one-time close, and site improvements can be financed into your loan. These loans are av...
We also offer Direct Lending loans for owner-to-owner transactions and financing for select pre-owned homes purchased from VMF Homes. Learn moreApply now Mortgage Payment Calculator Trying to plan what your payment may look like? Are you renting and want to compare your current rent to an esti...
Yes. If a personal loan is the best option for you, you won’t need a down payment. How long are most mobile home loans for? Depending on the loan type, mobile home loans can be paid off over five to 20 years. It ultimately depends on the specific terms of your loan agreement. ...
When considering the advantages that a mobile home offers, and how to search for a good deal, remember that from the standpoint of title they are treated much like conventional housing. Foreclosure.com has a complete database of listings of mobile homes, often referred to as modular homes or...
Unlike single-family stick-built residences, most mobile homes do not build up as much equity over time because they are not secured to land in a permanent way. Because they are made to be mobile, these homes often carry higher interest rate loansthan permanent structures. The bank views the...
The meaning of MOBILE HOME is a dwelling structure built on a steel chassis and fitted with wheels that is intended to be hauled to a usually permanent site.