How to Save Up to 47% on a New Construction Home

new construction manufactured homes, new manufactured homes, new mobile homes, new mobile homes for sale, new manufactured homes for sale, manufactured home financing, manufactured home appreciation, mobile home loans, manufactured home financingIf you’re looking for a new construction home, you could save up to 47% just by using this one simple tip. Don’t be scared of manufactured homes. A recent study by the Urban Institute’s manufactured housing sector, compared the costs between manufactured homes, new site-built homes and existing site-built homes. The study found that manufactured housing is 35 to 47 percent cheaper per square foot than new or existing site-built homes.

Despite this, the number of manufactured homes shipped each year has gone from averaging 242,000 per year between 1977 and 1993, to just 92,500 units in 2017, even though homes today are much higher quality. This phenomenon is thought to occur for a number of reasons, including restrictive zoning, unavailable finance, and lower appreciation.

The stigma on manufactured homes prevents many Americans from attaining affordable housing. We are going to debunk some of the stigmas above, including financing, zoning and appreciation.


More and more financing is becoming available through programs like Fannie Mae and banks like Wells Fargo. Fannie Mae is launching  a 30-year financing program in New Hampshire that could be a starting point for government-sponsored enterprises (GSE) to offer similar loan terms nationwide.


In 2017, Wells Fargo hired two experienced manufactured housing executives to help expand into the industry, Matt Krasinski and Lew Grace of GE Capiutal Real Estate. Changes like these are coming to the industry all the time, offering more ways for people to finance and purchase manufactured homes.


Furthermore, HUD is exploring the possibility of deregulating manufactured housing. HUD announced that manufactured housing plays a vital role in meeting that nation’s affordable housing needs, providing nearly 10 percent of the total single-family housing stock.

Manufactured homes, which are built on a permanent chassis in a manufacturing plant and then transported, are constructed according to a code administered by HUD instead of according to state, local, or regional codes, like other types of housing.

This gives HUD wide authority to regulate or deregulate them. HUD’s review of manufactured housing regulation is part of a broader effort by the Trump administration to do away with regulations it deems “overly burdensome.”


In addition, today’s manufactured homes are built to much higher standards than before, which means their appreciation happens much more slowly. New construction manufactured homes meet rigorous building, environmental and safety standards. Many come with everything from granite counters and tray ceilings to stainless steel appliances and beautiful raised porches. You can choose from flawless vinyl wood flooring, large bathtubs, exquisite kitchen islands, open floor plans and a variety of modern upgrades. Plus, most new homes are energy efficient and come with a full warranty.

We hope this has opened your eyes to the exciting opportunity available with new construction manufactured homes!


Could 30 Year Mortgages be Available For Manufactured Homes Soon?

Manufactured home loans, manufactured home financingGetting a loan for a manufactured home can be difficult, but new 30-year financing plans could make it easier. Fannie Mae is launching  a financing program in New Hampshire that could be a starting point for government-sponsored enterprises (GSE) to offer similar loan terms nationwide.

The GSE is working with the New Hampshire Housing Finance Authority on the program to provide loans to manufactured homes located in resident-owned communities, or ROC’s.

The program takes advantage of a New Hampshire law that requires all manufactured homes, whether located on owned land, in an ROC, or an investor-owned park, to be titled as real property instead of chattel.

Chattel loans classify manufactured homes as personal property, rather than real estate. With the 30-year real estate loans, home owners could get up to a 95% loan-to-value ration with private mortgage insurance.

For homeowners in ROC communities, these loans are great news for curb appeal. Most often, people are more likely to become invested in their homes if they are staying long-term.

In an ROC, residents are responsible for the maintenance and upkeep of the community. Since homes eligible for financing are located in ROCs, Fannie Mae has more comfort from a risk-management perspective, since the borrower is less likely to walk away is there’s a problem.


Although this is a great step forward for manufactured housing financing, ROCs make up just 5% of the communities nationwide. Right now, the Manufactured Housing Insistute is focused on making financing available to anyone seeking to purchase a manufactured home, no matter how they are titled or where the sit.

Learn more about the program, and how the MHI plans to bring loans to all potential manufactured home buyers in the future at National Mortgage News. 



How Mobile Homes are Changing Home Ownership

new 2016 manufactured homes, manufactured homes, mobile homes, mobile homes for sale, new mobile homes for saleThe average home in Florida costs over $200,000. This price leaves many people without options. Although renting saves you from upfront costs, Floridians are paying around 44 percent of their income on rent each month. So, what options are left?

Buy a manufactured home. This option scares off many people, as they are imaging manufactured homes of the past. We’ve talked about 5 manufactured home myths that aren’t true, and it speaks volumes about the stigmas that people still have about these homes.

In the past, manufactured homes were more difficult to finance. Today, they are almost as easy as a site-built home, with large lenders like Wells Fargo offering manufactured home loans. With lending becoming easier, more people are realizing that a manufactured home might be the best path to home ownership.

Manufactured homes can start at just $69/square foot, which is around $20 less than the average site-built home. Aside from affordability, new manufactured homes not only have value, but also have the ability to appreciate over time, making this a worthy investment for families and the retired alike.

In new construction manufactured homes  you’ll find plenty of modern luxuries and amenities. Buying a new home means you can customize things to you liking, from granite counters and garden tubs to stainless steel appliances and upgraded fixtures. Check out one of our new 2016 homes to see how beautiful a manufactured home can look.

If you’re looking for an older home they often have character and charm as well. You can find homes in great communities at prices that are affordable and reasonable. Many times these homes are being sold by their owner who kept the place in great shape. These homes are often move-in ready, like this manufactured home with a water view in Rolling Greens.

We would love to assist you in finding a wonderful home. Our company manages manufactured home property across Florida, from 55+ to family friendly communities. Comment on this page if you’re interested in getting started and we’ll help you!