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Typically, a mobile home has to be built after 1976 to qualify for a mortgage, as we'll explain below. In this case your loan would work almost exactly the same as financing for traditional ?stick-built? houses.
To qualify for an FHA loan, a manufactured home must have been built later than June 15, 1976 and adhere to certain building standards and government guidelines. The maximum FHA mobile home loan amount is $92,904.
How To Increase The Value Of A Manufactured Home Upgraded Appliances. The first step to increase the value of your home is to upgrade old appliances. ... Energy-Efficient Upgrades. ... Paint. ... Curb Appeal. ... Small Upgrades. ... Move the Home. ... Comparables. ... Budget.
In negotiation, you offer something in exchange for lowering the mobile home price. For example, adding some luxury appliances, free choice of paint, semi-furnished, fully furnished, take three years free home inspection & repair or make it five years and being flexible on the possession date are some options.
How much does a mobile home cost? $60,000 ? $90,000cost for a single-wide mobile home. $120,000 ? $160,000cost for a double-wide mobile home. $200,000 ? $250,000+cost for a triple-wide mobile home.