![]() ![]() The analysis found that, among applications that borrowers had filled out in full and could be evaluated by an underwriter, lenders denied those for the purchase of manufactured homes nearly eight times more often (54%) than those for site-built units (7%). It examined variations across loan types, specifically between mortgages-real estate loans that finance the land and structure together-and personal property loans, which finance the purchase only of the home and not the land beneath it. The study, “Is Manufactured Home Financing Hard to Get? An Exploratory Analysis of Home Purchase Loan Applications,” used descriptive statistics and multivariate analysis to compare denial rates for manufactured versus site-built home loan applications. To illuminate the nature of and reasons for these higher denial rates, The Pew Charitable Trusts commissioned research from the University of North Carolina’s Center for Community Capital. ![]() ![]() However, financing denial rates for manufactured units are far greater than for site-built ones, presenting barriers to homeownership even for well-qualified buyers. These modern versions of mobile homes are built to robust federal quality and durability standards that meet or exceed requirements for site-built homes but cost much less per square foot to build. If a lender is involved, such as in a traditional home sale with a real estate agent or iBuyer, selling a mobile home in 5 days is not feasible.Manufactured homes, which the Biden administration has described as a “vital source of affordable housing,” make up about 10% of new single-family home starts in the U.S. At House Buyer Network, our home buying specialists typically estimate 7 days to buy at the fastest, and that’s with a cash offer. Selling a mobile home in 5 days is difficult even for the most seasoned home buyers. If you would like to see what we can offer for your home with no obligations, just fill out our short form, and one of our Milan home buying experts will connect with you! How Do I Sell My Mobile Home In 5 Days? Not all mobile home buyers make offers on single wides, so if you’re struggling to find a buyer, we will buy your trailer fast for cash. Give us a call! (855) 835-2544 How Do I Get Rid of a Single Wide Trailer?Īt House Buyer Network, we offer cash for single wide trailers in Milan even if they’re old, used, or junk trailers. ![]() If you would like to sell your mobile home fast and receive a cash offer for your mobile home today with no obligations, fill out our online form! We are mobile home buyers ready to pay cash for your home even if it’s a used trailer. You could also do your own marketing to attract a we buy mobile homes company. You can find a buyer by searching online for companies that buy mobile homes for cash in Milan Tennessee or working with a real estate agent if your mobile home is on owned land. If you want to sell your mobile home fast for cash in Milan, find out how much we can offer by filling out our form! How Do I Find A Company That Buys Mobile Homes In Milan? At House Buyer Network, we only make fair cash offers for mobile homes. This makes the real estate process fast and reduces the risk of delays. We Buy Mobile Homes Milan TN FAQ What Does It Mean To Be A Cash Buyer In Real Estate?Ī cash buyer is a person or company that buys homes without using bank financing (i.e. ![]()
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