3 Reasons To Consider Buying A Mobile Home

Some people think that buying a mobile home is a negative thing, but it does not have to be. Mobile homes have changed a lot over the years, and buying one can be a good option for many people. These are a few reasons why you may want to consider buying a mobile home.

1. Save a Lot of Money

Some people worry about buying a mobile home because they assume (or have heard) that they can't finance the home through a traditional mortgage company. However, depending on the mobile home, this does not have to be the case at all. Although there are certain restrictions in place -- such as in regards to the age of the mobile home -- that mean you can still get a mortgage on a mobile home in some cases. For example, you can qualify for an FHA loan with a mobile home if the home has a permanent foundation. In the event that you can't, you can also look into financing through a finance company. Either way, you're sure to spend a lot less on your home. The average cost of a single-family site-built home is about twice as much per square foot as a mobile home, so it's a good option if you're on a budget and want to get as much square footage as possible for your money.

2. Enjoy Customization

If you purchase a brand new mobile home, you can typically customize things like the flooring, plumbing fixtures and more, similar to how you would be able to if having a stick-built home built. However, you don't have to wait nearly as long for your home to be customized and placed on your lot as you would have to wait for a custom stick-built home to be built to your specifications.

3. Have the Option to Move

Another positive thing about buying a mobile home is the fact that you can move it later. This can be done a lot more easily than moving a stick-built house, so if you decide to purchase a larger piece of land or if you want to move to another location, your home can actually come with you, as long as you work with a professional team of mobile home movers.

As you can see, if you are thinking about buying a mobile home, you might be making a smart decision for yourself and your family. These are three benefits that you can enjoy by buying one of these homes. Contact a company like Premium Mortgage Corp for more information.