Manufactured homes are a large part of the Central Oregon real estate market. Some lenders tend to shy away from lending on them. Making the public think that they are not a good investment. The lenders that shy away are not generally the lender you want to work with anyway. These lenders do not have loan programs for you to chose from that are right for you. They are lenders with limited tools to work with, lending rules that others do not. Working with a small variety of buyers. Focusing on specialize in specific buyers and loans.
The most common loan for a manufactured home purchase is with an FHA or VA loan. So, what is the attraction to a manufactured home? Many first time home buyers, retirees’ and people wanting a little more room or space at an affordable price find a manufactured home the perfect solution.
More For Your Money
You can find a newer manufactured home on an acre often times with a shop. An extra garage and out buildings for a lower list price than a frame built home. A manufactured home does appreciate just like a frame built home. Pricing is lower, they were less to build in the first place.
When we explore the possibilities of the manufactured home we find that there are a lot of options without extending your budget.
The manufactured home of today is built much better than the ones of yesteryear. You will find walls are sheet rocked and many upgrades that give you a much nicer home than in the past.
Manufactured homes will have a lot of great storage, bigger bathrooms and often times luxury bathrooms that you will not find in a pre-existing frame built home.
Roofing and siding is no longer just metal. Modern material is used just like in frame built homes. They have porches and decking and all the things we have learned to expect with Central Oregon Real Estate. If you are not finding a home that meets your needs in the frame built market, the manufactured home market maybe be for you.