![]() You should be looking at anywhere from $300 to $800.Ī single wide is what used to be known as a “mobile home” but is now more appropriately called a “manufactured home”. However, it tends to be much lower than the rental of an apartment or home. Lot rent varies a lot according to the park and the state. Utilities: Removing or hooking up utilities will cost around $1,000.Although it depends on the type of home, plot, and foundation it usually costs anywhere between $10,000-$15,000. Building a foundation: Every home needs a foundation, even a mobile one.Other Costs When Buying Or Selling A Home Since most of yall still call them mobile homes or simply single wides, we are going to go with the flow and join you, but when you see manufactured home, know they are the same thing. Finally, what we all call a new single wide mobile home is technically a new single wide manufactured home. If you were hoping to learn about double wide mobile home pricing, we put together a blog about all the aspects of buying a double wide mobile home here. There is no limit to how much you can spend on a home if you want to go nuts and spend all your money, so we are going to stick with normal. On this page we are only going to cover the cost of an average brand new single wide home delivered and set up with normal options. The information found there is more important for folks who own their own land than for folks putting their new house in a mobile home park. That other post covers a lot of the costs beyond the home itself. If you were hoping to understand the cost of a single wide including land, utilities, and extra buildings, you may want to read our post How Much is a Mobile Home? when you are done with this post. We will break down all the costs further below. So you dont run away with bad numbers, lets cover a bit of ground rules first. Be sure to review program requirements with your loan officer to see if you will qualify for a mobile home loan.The Real cost of Remodeling a Single Wide Mobile Home Through the loan process, you will be required to provide an engineering certification to confirm the home is on a permanent foundation and properly tied down. There were not standards or requirements for financing prior to 1978 so many homes were not properly installed and could potentially be unsafe for living. If you fail to do this then the bank may not find out until it is too late and you have paid for an appraisal that cannot be used.Ĭommon problems with mobile home loans are due to the condition of the home. If you have a mobile home it is recommended that you speak with your loan officer and be clear that it is not a stick built home. Many people have troubles getting their mobile home financed because most banks do not have mortgage options available. Mobile homes, sometimes called manufactured homes, may be a great home for your family however it is important to know that there are special requirements for financing. + - Problems getting your Mobile Home financed?.We will get you in the best loan available!įor more information on double wide mobile home financing programs call us at 80 or apply online today! RELATED: We now offer FHA Mobile Home Construction Loans down to a 620 Credit Score! Mobile home financing for Michigan Properties Can't find a loan for your mobile home?īefore you spend hours getting turned down from other lenders, give us a call so we can get you the help you need with your mobile home in Michigan. Unlike mobile home loans from the past, our interest rates are very low which results in low payments for you! We have programs including a 30 Year Fixed Mortgage and none of our interest rates come close to being that high. Have you been told before that all you can get is a 7-10 year loan at an interest rate in the double digits? You won't find that here. There are programs available for Double Wide Mobile Homes or even single wide mobile homes if you are on some acreage. Most banks do not have mortgage programs for Michigan mobile homes but we are different. Michigan Down Payment Assistance Program.
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