"Meet powerhouse artist/activist Favianna Rodriguez — a leading voice in the movement of artists raising awareness about U.S. immigration issues."
- I am OTHER
The Untold Story of Latinos in America “We are all Americans of the New World, and our most dangerous enemies are not each other, but the great wall of ignorance between us.”
Juan González, Harvest of Empire
"Meet powerhouse artist/activist Favianna Rodriguez — a leading voice in the movement of artists raising awareness about U.S. ...
Tuesday, March 11, 2014
Frequently Asked Questions about Manufactured Homes
|Silvercrest homes ranging from 14 ft wide to 30 ft wide. The length can vary on all.|
Q: Do manufactured homes appreciate in value?
A: Manufactured homes can be placed on land in which case they appreciate at the same rate as an equivalent home in the neighborhood. More commonly however, manufactured homes are placed in mobile home parks, in which case the land is owned by the park owner and the space for the home is rented. In this case the home tends to not appreciate at the same rate as a home on land.
Q: What is the interest rate for a manufactured home located in a mobile home park?
A: The interest rate tends to be significantly higher for a manufactured home in a mobile home park compared to say a condo, townhouse, or single family home.
Q: Why is the interest rate higher when the home is in a mobile home park?
A: The lender sees homes in mobile home parks as a higher risk because the tenancy is dependent on the occupant complying with the rules of the park manager. I've never heard of a tenant being evicted because they didn't follow the rules -- but it could happen, and if it does the buyer may default on their loan because they need to use their money to go live somewhere else.
Q: What is a mobile home vs. a manufactured home?
A: Before June 15, 1976 they were called mobile homes.
Notes on a couple brands
- Silvercrest homes offer 6" or 4" deep walls and either a 4:12 or 3:12 roof pitch.
- Silvercrest is good about allowing custom floor plans.
- Silvercrest has cute little 'park model' homes that are eleven foot 2 inches wide
- Champion homes offer a 4" deep wall and a 3:12 roof pitch.