My SO and I are in the market for a home (the market is insanely competitive). We found a home that checks a lot of our boxes, but it’s manufactured. Our realtor warned us against them and I don’t understand why. Something about financing being different?
In: Economics
So the biggest things you’ll run into from a financing side is some mortgage companies will not borrow for manufactured homes. The biggest reason is that manufactured homes tend to depreciate while fabricated homes tend to appreciate. No matter how you feel
about the quality of the build and workmanship in a manufactured home, for your mortgage company it just might not make sense.
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