If you’re planning on buying a manufactured home soon, factoring in additional expenses, such as property taxes and homeowners insurance, will help you determine your monthly home loan payments more accurately. Just to be on the safe side, make sure that you also set aside some money for utility hookups and maintenance or unexpected repairs, which are bound to pop up sooner or later. In order to decide whether or not buying a manufactured home is a wise financial move, let’s find out what property taxes and utility hookup costs you might need to cover once you become the proud owner of a manufactured home.
Manufactured Housing News
As nonprofit organizations, credit unions are able to provide a wide range of financial products and services at a lower cost than other financial institutions. Since the statutory mission of credit unions is to serve predominantly the individuals and households underserved by mainstream lenders, many of them are making efforts to extend the availability of affordable home loan programs to a higher number of potential borrowers.
For many years, the US has been facing a persistent inventory shortage followed by continuously increasing home prices and a growing housing affordability gap. These three factors together with changing demographics have increased the demand for new types of homes, communities, and lifestyles, which are completely different from what would have once been desirable.