Pier and beam foundation: This is the most common type of foundation for manufactured homes. It is made up of concrete piers that are sunk into the ground and connected by beams. This type of foundation is relatively inexpensive to install and can be built on a variety of soil types.
Slab foundation: This type of foundation is made up of a concrete slab that is poured directly on the ground. Slab foundations are more expensive to install than pier and beam foundations, but they can provide a more stable foundation for your home.
Crawl space foundation: This type of foundation is made up of a concrete crawl space that is dug beneath the home. Crawl space foundations are more expensive to install than pier and beam foundations, but they can provide better insulation and drainage for your home.The type of foundation that is best for you will depend on your individual needs and budget. If you are looking for the most affordable option, then a pier and beam foundation is a good choice. If you are looking for a more stable foundation, then a slab foundation or crawl space foundation may be a better option.
It is important to note that not all lenders will offer mobile home mortgages for homes with certain foundation types. For example, some lenders may not offer mortgages for homes with pier and beam foundations. It is important to check with your lender before you choose a foundation type to make sure that you will be able to get a mortgage.
Here are some additional tips for lowering the cost of a mobile home mortgage:
- Put down a larger down payment: The larger your down payment, the lower your monthly mortgage payments will be.
- Get a good credit score: A good credit score will qualify you for lower interest rates on your mortgage.
- Shop around for the best interest rate: Compare interest rates from different lenders before you choose a mortgage.
- Consider a government-backed loan: Government-backed loans, such as FHA loans and VA loans, offer lower interest rates and down payment requirements than conventional loans.
- We offer mortgages on single wide, double and triple wide.
- FICO score as low as 550
- No cap on acreage
- FHA, conventional, private money depending on your needs
- Call 949- 784- 9699 for terms and conditions
- This is not a commitment to lend
By following these tips, you can lower the cost of your mobile home mortgage and make it more affordable to own a manufactured home.
