MOBILE HOME LOANS By PS Loan
2210 E. VISTA WAY, SUITE 1 VISTA, CA 92084 TOLL FREE 1-800-235-7408 FAX (760) 806-1750 EMAIL: mobile-home-loans@psloan.com
![]() Manufactured Homes DealersAs the market for manufactured homes grows, so does the number of manufactured home dealers. There are quite a few in every region who are reputed and known for quality materials and work. Make sure that your manufactured home builder or dealer you choose offers you the option of customizing your home to your specifications and requirements. Clearly communicate to your builder the extra things you want put in your home or the modifications that you require in the standard floor plan. Many manufactured home dealers offer warranties with the housing units. If the dealer includes installation in the price but does not provide adequate warranty for the installation, it may be time to look at other manufactured home dealers. Find out what kind of warranty your builder offers and the items it covers. Manufactured home dealers are familiar with the local and regional building laws and will be able to guide you if you intend to add fixtures such as garages, decks, or porches. Most of the time, such enhancements are not included in the original price of the home. So you will need to incorporate these costs into your budget. You could also ask the builder if you need special appliances put in for they often get good deals on such things due to their various contacts in the housing industry. If you are at a loss about selecting the right manufactured homes builder, first ask around friends and acquaintances who might have had some experience with manufactured home dealers. Then you could even get a list of consumer rights violators from your local government agency and make sure that your builder is not on that list before proceeding further. Both state and federal agencies have such records which can be accessed by the general public. Get in writing from your builder the expected time of completion of your manufactured home. Most manufactured home dealers promise delivery of the unit in about six to eight weeks time. Since the homes are built in a controlled factory environment, they can be done in a short span of time. You will also need to find a plot where your manufactured home can be set down. Experts advise that buying the site from the dealer himself is not a very good idea particularly if installation, the site and financing are all offered together as a package deal since you might very well end up overpaying. It is better to arrange your own financing because by shopping around, you will be able to find a better loan than the one offered by your dealer. However, if you do not qualify for individual, independent financing choosing the package might serve you better. Remember that choosing to place your home in a rental community might cause depreciation in resale value down the line. If you own the land, financing costs can be kept at a minimum and there is no compromise on the resale value. Caution is the name of the game when buying a house; therefore, do not rush into anything based on an impulse.
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