Posted on: 20th Oct, 2011 09:42 am
we own a modular home that is on a permenant foundation, we are trying to sell and have had a lot of hits...but.... every one is having trouble finding a bank or whatever to get a loan for a modular house...I see these things going down the road all the time. someone must finance...can anyone tell me who??? we live in northwest indiana
tried a google search for "Modular home lenders"? what did it turn up?
Hello robin,
Some home buyers and some lending institutions resist consideration of modular homes as equivalent in value to site-built homes. While the homes themselves may be of equivalent quality, entrenched zoning regulations and psychological marketplace factors may create hurdles for buyers or builders of modular homes and should be considered as part of the decision-making process when exploring this type of home as a living and/or investment option.
Some modular building manufacturers have begun to refer to modular buildings as “off-site construction†to combat the negative image of modular, which is due to portables or trailer stereotypes. Recent innovations allow modular buildings to be indistinguishable from site-built structures.
:idea:
Some home buyers and some lending institutions resist consideration of modular homes as equivalent in value to site-built homes. While the homes themselves may be of equivalent quality, entrenched zoning regulations and psychological marketplace factors may create hurdles for buyers or builders of modular homes and should be considered as part of the decision-making process when exploring this type of home as a living and/or investment option.
Some modular building manufacturers have begun to refer to modular buildings as “off-site construction†to combat the negative image of modular, which is due to portables or trailer stereotypes. Recent innovations allow modular buildings to be indistinguishable from site-built structures.
:idea:
