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.
Here is a list of some of the things we will cover during the event:
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!
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 email@example.com to reserve your spot!
Date: September 22nd
Time: 10:30 – 12:00
Buying a home is an exhilarating yet intricate process. For many, the dream of homeownership can seem daunting due to financial constraints. However, the U.S. Department of Housing and Urban Development (HUD) offers various financing options designed to assist individuals in purchasing HUD-owned homes, making the dream of owning a home more achievable. It is important to have a lender that is up to the challenge of navigating HUD home financing.
These properties are foreclosed homes. The previous owner had taken out an FHA mortgage and didn’t make the payments. Subsequently, these homes were foreclosed on. Often, these homes require repairs, and the utilities can’t be turned on. Frankly, HUD (the seller) doesn’t care – the properties are sold as-is, and HUD will not make any repairs to the home. That’s where things can get hairy if the lender is not equipped to navigate the process.