I must confess that I haven't read your entire thread, but I did want to ask if you are set on buying a manufactured home have you been able to compare different manufacturers? Getting a couple of acres of land given to you is great, so I can understand why buying a ready made home is appealing to you. Prepare the site, put in your utilities, and septic, then roll your home in.
Just consider that borrowed money is cheaper now than it has ever been. Interest rates this low aren't going to happen again, for a long, long, time. But, if your going to be tied into the financing of some home manufacturer, just make sure their rates are competitive. Getting your home furnished and basically ready to move in is a big selling point for a lot of people, especially folks like you who are going to have a family pretty soon. Just realize that your buying furniture from a home manufacturer, not a furniture store. Manufactured homes tend to depreciate over time rather than gain value. Your advantage is that you will own the land. But if you want to make it really nice, barrow enough money to put in a foundation with a basement. Right away that mobile home is no longer mobile and won't be considered as such when you get ready to move.
You've gotten a lot of good info here. I think the main point is, "Buyer Beware". I would advise you to take your time, even though it sounds like you don't have much! I would also sayto check with the government and see exactly what programs are out there for first time home buyers, other than the rebate. Good Luck!
Just consider that borrowed money is cheaper now than it has ever been. Interest rates this low aren't going to happen again, for a long, long, time. But, if your going to be tied into the financing of some home manufacturer, just make sure their rates are competitive. Getting your home furnished and basically ready to move in is a big selling point for a lot of people, especially folks like you who are going to have a family pretty soon. Just realize that your buying furniture from a home manufacturer, not a furniture store. Manufactured homes tend to depreciate over time rather than gain value. Your advantage is that you will own the land. But if you want to make it really nice, barrow enough money to put in a foundation with a basement. Right away that mobile home is no longer mobile and won't be considered as such when you get ready to move.
You've gotten a lot of good info here. I think the main point is, "Buyer Beware". I would advise you to take your time, even though it sounds like you don't have much! I would also sayto check with the government and see exactly what programs are out there for first time home buyers, other than the rebate. Good Luck!
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