September 2022 Lunch & Learn / Webinar: Financing Manufactured Home

Buying and Financing Double and Singlewide Manufactured Homes

Manufactured homes the black sheep of the real estate industry.  These are often referred to as singlewides, doublewides, trailers, etc. . . in a nut shell these homes are built in a factory, issued a title, then delivered to a property where they are set on a foundation and affixed to the land.   Over the years manufactured homes have had a cloud over them.  This has made for more restrictive mortgage guidelines.  Those have loosed up the last few year but they are more restrictive.  During this event we are going to discuss the different options out there for financing manufactured homes.   We will also cover things you need to watch out for.    Here is a list of some of the things we will cover.

Hot Topics We Will Cover

Here is a list of some of the things we will cover during the event:

  • Manufactured vs Modular
  • Program guidelines for manufactured homes
  • FHA, VA, RD, & Conventional options
  • Renovation loan options for manufactured homes
  • Things to watch for when listing manufactured homes
  • Weird rules that apply only to manufactured homes
  • Single Wide options
  • Learn what manufactured homes simply cant be financed
  • Appraisals as it relates to manufactured homes
  • What happens when the tags are gone?!?!

Come learn from one of the best!  Speaker Jeremy Drobeck was the Number #1 loan officer at Amerifirst in 2021 helping hundreds of home buyers  navigate their way to home and ownership.  Jeremy closed 32 loans in 2021 that were manufactured homes; 10% of those were even renovation loans!  He brings a wealth of knowledge on the topic.   This will be a great evet for a new agent looking to learn the differences between manufactured, modular, and stick built homes.

If you are out there showing and listing homes you will certainly come across a manufactured home.  We are offering both a live event and zoom webinar for each of our lunch and learns this year.  If you need help with anything between now and our next event don’t hesitate to reach out.   Can wait to see you there!

Sign Up Today!

LIVE EVENT

Date: September 14th

Time: 12:00 – 1:30

Location: 5830 Venture Park Dr. Kalamazoo, MI 49009

Limited Seating. RSVP required.  Box Lunch will be provided.  Email bmiller@amerifirst.com to reserve your spot!

REGISTER NOW

ZOOM WEBINAR

Date: September 22nd

Time: 10:30 – 12:00

Zoom Meeting

 

REGISTER NOW

 

Follow this link for a list up other upcoming events

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October Lunch and Learn / Webinar: The Ins & Outs of Appraisals

Appraisals – Its complicated

When we start talking appraisals it can get confusing.  As lenders, we learn what’s important for getting the loan closed.  Realtors put their market analysis hat on when they think about them.  Neither is correct.  Look at it this way, an appraiser is in a profession in and of it’s self.  Appraisers are licensed and trained to look at property values in a pretty specific way.  On top of that the different loan programs all have different “rules” the appraiser must follow.  Then at the end of the day its not a specific formula but a matter of opinion.  That’s why we always tell people we could order 5 appraisals on a property and we would get 5 different sets of results.   During this event we are going to go over many of the things the appraisers look at, how they analyze the property, and some of the different variables that come into play across different loan programs.  If you are looking for a deeper understanding of how appraisers think this is a must attend event.

Hot Topics We Will Cover

Here is a list of some of the things we will cover during the event:

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