Quote:
Originally Posted by avalanche
Be aware that there are big differences between modular homes, manufactured homes, and mobile homes. Some people lump them all together, but they are not the same. The biggest concern when doing an inspection is finding an inspector that is familiar with that type of home specifically and making sure you get a full inspection, which you should always do on any kind of home. Why would try to save a few hundred bucks when spending thousands?
Then seriously investigate financing options before you sign any contracts.
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We are actually about to close on a modular in the next 2 weeks, if the inspection goes through ok. The inspection is coming up this Saturday, so this thread seemed like a good opportunity to get some inside info to take with me.
Initially, we were going to do an FHA loan. But then my ever so diligent gf stumbled upon the USDA loans, which is nice because USDA doesn't force you to take mortgage insurance. So that's gonna save us some money there. Mortgage insurance seems like a bunch of bs anyway, at least from my limited understanding of it.