8 months ago
Justin Becker ·
Comments Off on Are Mobile Homes Cheaper than Apartments?
The discussion of whether it is worth buying a manufactured home over renting an apartment has been met with a range of opinions. To this day many are still caught up in the dilemma of whether to pick the latter or the former.
If a traditional real estate home isn’t the right fit for you, you have the choice between renting an apartment or buying a mobile home. Both renting houses and buying manufactured homes have benefits of their own. For instance, it is way cheaper to pay a Lot rent than paying monthly rent.
It’s important to take time and compare the benefits of renting an apartment versus buying a mobile home. Consider the facts below as we seek to establish whether mobile homes are cheaper than apartments.
The Pride of Owning a Home
It’s unlikely that an apartment will offer you the desired privacy, however, buying a manufactured home will accord you such benefits and, even more surprisingly, live lavishly. This is because manufactured homes of today can be personalized like traditional real estate homes.
Personalizing an apartment will require the consent of the landlord and/or the property manager. This process can take longer than you expect, and is something you would never have to worry about when owning a manufactured home.
Manufactured housing has reasonable living space, especially if you go for a double-wide. The living space might as well give you the illusion of living in a site built home.
All About Equity
Manufactured homes can offer you more equity than you would get if you paid a landlord to live in an apartment, but, of course, there are other costs to consider as well. The money you give the landlord will provide a roof over your head, but it won’t give you any equity in the long term. This is to say buying a manufactured home provides you with an asset, and is a good investment.
For example, if you decide to relocate, you can sell the manufactured home and recoup some money. Also, if you own the land on which the house sits, it is more likely that the value will appreciate.
Are Mobile Homes Cheaper Than Apartments?
Should you buy a manufactured home or rent an apartment? The decision will be influenced by the cost associated with the two choices before you. Which option will save you some money?
The Upfront Cost of Buying a Mobile Home vs. Renting an Apartment
Sometimes it is easier to rent than it is to buy a manufactured home. You can move into the apartment within weeks after identifying the spot you want to rent, unlike buying a manufactured home, which has some sort of buying process to follow, thereby taking longer before moving in.
You will need a chunk of money upfront, when securing a manufactured home, for a downpayment and other costs. However, renting an apartment only requires one month’s rent, a security deposit, a credit check, and an income verification process, along with possibly some required references.
Financing manufactured homes also comes with some hurdles. Some lenders may not be willing to finance your manufactured home, and others won’t lend you money if the home is more than 15 years old.
This is to say you may have to finance the mobile home through the mobile home seller, or maybe a credit union. Amid the hurdles in securing the home, you may also have to finance the mobile home with a personal property loan rather than a mortgage, and these loans can be harder to get.
A newer single-wide can cost you between $43,500 – $59,000, while a newer double-wide can cost you between $110,300 – $122,900. The floor plans of single-wide mobile homes range from one-bed, one-bath options, that are approximately 379 square feet, up to three to four-bed and two-bath models. One-bed models tend to have a bedroom at one end of the mobile home and living space at the other end, with the kitchen in the middle.
Mobile homes are, without a question, the most affordable homes there are, and make it very easy for you to achieve your dream of homeownership.
The Maintenance Cost: Mobile Home vs. Renting an Apartment
Apartments outshine buying manufactured homes when it comes to maintenance. When you rent an apartment, the responsibility of doing any kind of upgrade or repair belongs to the landlord or the property manager.
You live stress-free knowing it will be taken care of by the management. If you own a mobile home, repair and maintenance become your primary responsibility. With that being said, this luxury in an apartment is typically built into the rental rate, and thus meaning you are paying more per month, on average.
If you place your home in a mobile home park, the park may provide landscaping maintenance, but you’ll still have to maintain the home itself. All these add up to your budget, unlike rented houses, where someone else incurs the cost.
Balancing the Budget
Buying a mobile home is less expensive than renting apartments. The upfront cost may be overwhelming at first, but long term it has more advantages than leasing apartments.
For example, in San Francisco according to SFGATE, the average monthly cost for a mobile home in 2018 was between $632 and $1,264 a month. In contrast, the average monthly rent for a one bedroom apartment was $3,294. Simply put, you will save money buying a manufactured home.
In the same year in the United States, the national average monthly cost for a mobile home was $564, whereas apartment dwellers had to part ways with around $1,057 per month. This is to say mobile homeowners paid up to 40% less than apartment renters.
If you buy a mobile home, you will have two options to choose from: either placing the home in a mobile home park, and paying a Lot rent every month, or buying a piece of land on which the house will sit.
Putting all factors into consideration, we can ultimately conclude that mobile homes are overall less expensive than renting apartments, and thus the better option. To make mobile housing even more exciting, they are less expensive than buying site built homes.
In the short term, you may enjoy some benefits of rented units, such as the low cost of moving in, however, in the long run, the cost will be a lot higher compared to that of a mobile home. On the other hand, you will only need to pay a Lot rent for a manufactured home, when in a land-lease community, in the long term.
Mobile home parks will offer you the sense of a community, unlike living in units where social interactions are minimal. You may choose from a range of home communities where you will settle.
With manufactured housing, you will get the option of choosing from single-wides or double-wides.
To sum up the comparison, manufactured homes will save you some money compared to apartments and traditional homes.
12 months ago
Justin Becker ·
Comments Off on How to Buy Mobile Homes Michigan Has for Sale
When it comes to homeownership, perhaps one of the most affordable and satisfying routes is buying mobile homes for sale. Not only are they more cost-effective than traditional single-family homes, but many times they are a part of mobile communities. These mobile communities come with fantastic amenities and allow homeowners the chance to enjoy luxury features, all while cutting costs.
If you are looking for ways to buy mobile homes Michigan has for sale, or even a manufactured home, then you have come to the right place!
What we have done for you is draw up a handy guide on how to best buy mobile homes for sale in Michigan:
What Is Your Budget?
The first step to buying a manufactured home is to know what your budget is. Of course, you should know that many can be rented, but if you decide to buy one, then knowing your budget is imperative. According to the Michigan Manufactured Housing Association, a pre-owned mobile homes’ average price is roughly $45,000. The average price of a new home for sale can start upwards of $65,000.
There are many affordable options on the market today. For example, Tyrone Woods Manufactured Homes Community is far lower than the average. With a price range of $30,000 to $50,000, these Michigan mobile homes for sale offer a lot of bang for your buck.
If you have limited savings, you should also know that you only need a minimum down payment of 10%. This means that for roughly $3,000, a home from Tyrone Woods can be a done deal and be yours!
Determine the Floorplan You Need
How many bedrooms are you looking to get? What about bathrooms? Overall square feet? You need to know how much space you want for your needs while you search listings for the right mobile homes for sale. Only then can you determine how much space you would ideally want.
For instance, if you are a young family, your immediate need might be 3 bedrooms, but you can settle for 2 bedrooms since two of your younger children can share a room. If you are a young professional, you may need 2 bedrooms, because one of them may be an in-home office or guest bedroom. You could find it more practical to have a room for each one.
You can keep this information in mind when you begin your Michigan mobile homes for sale search. Aside from your income level and credit score, knowing your specific needs are a major plus.
For example, at Tyrone Woods, not only do all of our manufactured homes for sale have at least 3 bedrooms and 2 baths, but they are all double wide homes too. Many features that are included, such as hardwood flooring, stone fireplaces, and vinyl siding, are not only attractive, but would keep your home warm in the winter and cool in the summer.
Choose the Amenities That Are Right For You
It is also a good idea to determine what kind of amenities you might be looking for in your search for mobile homes for sale. First, determine any niceties you might want your new home to have. For instance, do you want central air conditioning? Are you looking for an included fireplace?
● What about community amenities?
● Are you looking for a management company that holds social events so you can get to know your neighbors?
● What about plenty of yard space for your kids to play in?
Tyrone Woods offers only the most top-notch amenities, including all of the above. Did you know that our mobile homes for sale even come with a new water filtration system for the entire community? This is because we care about our residents and the environment. Tyrone Woods also has plenty of open green spaces and yard areas so that your family can enjoy the great outdoors. We make sure that we offer homes for sale that you will be fully proud of.
Explore The Neighborhood
Finally, your checklist must include the ideal place where you would want to live. Are you looking for more scenery or easier access to major highways? Are you looking to get out of big cities, but still want to have an easier commute to work? You want to be sure that you know what city and neighborhood is right for your individual needs.
If you are looking for mobile homes that Michigan has to offer, one of the best cities to live in is Fenton, Michigan. First, Fenton has no shortage of gorgeous, natural landscapes. It is nestled near Seven Lakes State Park, Dauner Martin, Fenton Mill Pond, and Silver Lake Park. This means that you will have access to a wide range of dog parks, hiking paths, and green spaces.
Tyrone Woods is also located 30 minutes from Ann Arbor and Flint, and 60 minutes from Lansing and Detroit. Thus, you get access to restaurants, grocery stores, boutiques, and other shopping necessities.
You will be happy to know that Fenton is also a city big on community. There is the Cultural Center, which hosts many social activities, as well as a village theatre. You can have it all here.
Research Mobile Home Dealers
Now that you have an idea of what your needs are, and any major wants, it is time to start looking for mobile home dealers. You should pursue only those dealers that check most, if not all, of the boxes on your checklist. Why settle when you can have the absolute best?
This is another reason why Tyrone Woods is often at the top of the best-of lists. We often meet every criterion that a new home buyer might have in their search for manufactured homes for sale in Michigan, and we are never done with improving.
Explore the Property
Once you find the mobile home dealer you want, it is time to explore the property. If you are looking for a mobile home community, make sure that you have all your top amenities in mind. You, no doubt, want to talk to management about what they offer.
For instance, how often is management available? What social activities does management put on for their tenants?
In short, you want to find a park that has your best interest in mind. You also want to have a place that feels like a community full of neighbors, not a place where people merely live next to each other.
It’s a good idea to visit the community and walk the grounds of the property. At Tyrone Woods, we make that easy. Not only do we have virtual tours of our homes, but we also can schedule you an appointment. We would be more than happy to show you around and provide you excellent customer service.
Once you visit us, you will see no shortage of happy, carefree residents enjoying their new manufactured homes. We are truly a community here, but still offer you enough space to individualize your new home.
Fill Out a Qualification Form
Once you finish exploring the property, it is time to fill out an application that will show whether you qualify based on financial lender information, income level, credit score, etc. At times, this can be a confusing and congested process.
Not to worry, because at Tyrone Woods, we have a smoother process compared to all other neighborhoods surrounding us. Our website offers an easy-to-use pre-qualification form. It only takes a short while to see if you are qualified to purchase or rent a new mobile home, and then you are all done.
Mobile Homes Michigan
Enjoy Your New Mobile Home!
Knowing exactly how to find and buy mobile homes Michigan has is not always an easy process, which is exactly why it is time to check out Tyrone Woods’ manufactured homes. Not only will you enjoy our spacious manufactured homes with deluxe features, but you will also enjoy our amenity-rich community, and our smooth and easy process of getting you into your dream home for you and your family.
Ready to get started on the path to homeownership? Please schedule an appointment today or take a look at one of our virtual floor plans so we can get this deal done and get you in your dream home today!
1 year ago
Justin Becker ·
Comments Off on The Top 10 Mobile Home Parks in Michigan
Mobile home parks offer you an amazing sense of community and fellowship, whether you’re a couple looking to raise your children or a senior citizen looking for a suitable place to retire. They are an amazing investment to make because they will, for very affordable money, offer you a peaceful and beautiful neighborhood to settle.
Mobile Home Parks in Michigan
- Tyrone Woods Manufactured Home Community
At the very top of our list of mobile home parks is Tyrone Woods Manufactured Home Community, in Fenton, Michigan. It is located in Tyrone Township, a town of hills, lakes, golf courses and open spaces.
Tyrone Woods, located an hour outside of Detroit, Michigan, and half an hour from Flint, according to Map Data 2021 Google, offers you manufactured homes that are reasonably priced. And if you’re a pet owner, you can rest assured that this community is very friendly to pets.
Here, everything you need is well within reach. Since it’s located in Fenton, Michigan, there are more than enough stores; from local favorites like the Quilter’s Garden to nationwide stores like Walmart.
For entertainment, you’re guaranteed free films on the second Wednesday of every month at the Fenton Community and Cultural Center. Fenton also provides you with a plethora of highly rated golf courses.
This manufactured homes community is also in the highly touted Linden Schools District. 57% of the students in the Linden Community Schools participate in sports, 96% of them are heading to college. This is why Tyrone Woods comes first on our list of mobile home parks located in Michigan.
- Sherwood Forest Manufactured Home Community
If you’re looking for a place close to nature and history, the second Michigan mobile home park on our list, Sherwood Forest, is the place for you. With its walking paths leading you directly to the Ionia River Trail in Michigan, and its mature trees and wildlife, nature lovers simply fall in love with this community.
Sherwood Forest offers stylish and customized manufactured homes that require minimal maintenance. You will be made very comfortable in this community because of the friendly on-site support team that is ever-present to resolve any problems.
Sherwood is, according to Map Data 2021 Google, located in Ionia County, Michigan. As a result, it’s surrounded by many buildings of historic importance, including the John and Harriet Blanchard House. There’s also the Bertha Brock park nearby to go hiking or camping in.
Sherwood Forest, is one of the few mobile home parks in the state of Michigan that will provide you the luxury of looking at rail trails. If you’re wanting to explore, Ionia has got the fifth-longest rail-trail system in the United States.
- Cedar Springs Mobile Estates
The third on our list of Michigan mobile home parks is Cedar Springs Mobile Estates. This mobile home park offers you contemporary manufactured homes that are affordably priced. This community is, according to Map Data 2021 Google, located twenty minutes from Grand Rapids, Michigan, and only five minutes from Rockford.
Cedar Springs Mobile Estates’ manufactured homes boasts a family-oriented community that is well maintained. This community has a devoted full-time support team on the grounds to attend to your needs. The mobile home units are made up of two to four bedrooms, and at least one bathroom; and they are all either single or double-wides. Cedar Springs Mobile Estates is a mobile home park for all ages and is a wonderful place to call home in Kent County, Michigan.
- Old Orchard Senior Living
Old Orchard is the fourth mobile home park in Michigan on our list. As the name implies, it’s one of the mobile home communities that is strictly for senior residents. It’s located, according to Map Data 2021 Google, in Davison, Michigan, and has a small-town atmosphere that provides a wide range of amenities and activities for its residents. They have lots of restaurants and shopping centers surrounding the community.
The mobile home parks’ homes all have two bedrooms and two bathrooms each, offering you a total of 1056 square feet of space. There is a private clubhouse, a library, ponds, and even an RV storage. They also have a nature reserve.
- Cranberry Lake Mobile Home Community
This is one of the best mobile home communities in Michigan for senior citizens. With a private dock and beach area, fitness room, laundry room, and a private clubhouse, Cranberry Lake offers you a spectrum of amenities. Cranberry Lake also, according to Map Data 2021 Google, has plenty of local stores and restaurants nearby.
They offer manufactured homes of 994 square feet, with three bedrooms and two bathrooms. That’s a perfect amount of living space for senior mobile home parks around Michigan. Though they’re pet friendly, their pet policy restricts some breeds. With that said, they help you become a homeowner with great financing options through lending partners.
- The Meadows Mobile Home Community
This mobile home park is a peaceful neighborhood located, according to Map Data 2021 Google, in Charlotte, Michigan. They offer manufactured homes in a wide range of budgets. They’re family-oriented and welcome residents of all ages.
The mobile home parks’ location, according to Data 2021 Google Map, is right on Lansing Rd., in Michigan, near the I-69 interchange. The community offers amazing scenery, and it’s very close to Bennett Park, Charlotte, Michigan’s largest park. The mobile home park is also located within an excellent school district.
- Avon on the Lake
This mobile home park is for senior citizens and is located, according to Data 2021 Google Map, in Rochester Hills, Michigan, just minutes from the I-75 and M-59 expressways.
The living spaces in these manufactured homes are 1216 square feet. It’s one of the mobile home parks in Michigan that offers the largest living spaces in a single wide mobile home. The houses all have three bedrooms and two bathrooms.
If you’re looking for an active neighborhood, Avon is the place for you. They have a private clubhouse, a fitness center, and even a private lake. Also, there are museums to enchant you and restaurants to serve you varying cuisines.
They’re pet friendly as well, and have got a bark park.
- The Village Green of Grand Haven
This is one of the most modestly priced mobile home parks in all of Michigan. The community offers 391 home sites of high standards. They remove older homes that no longer meet the requirements, just to offer the best.
It’s worth noting that they’re the only one, out of all of the mobile home parks that are in Michigan, that is in the city of Grand Haven, Michigan, according to Data 2021 Google Map. Therefore, they have exclusive access to a city police force and full-time fire department.
Village Green mobile home communities accept residents of all ages. With that said, the senior citizens aren’t left out because there’s a very active senior center.
They have restaurants, shopping centers, and high-quality schools very close by. However, they’re completely owner occupied – so there are no options for rents or leases.
- Village Trails Mobile Home Community
Village Trails is an all-ages mobile home park that is located, according to Data 2021 Google Map, one mile from downtown Howard City, Michigan. The mobile home parks’ homes all offer three bedrooms and two bathrooms, and there’s also plenty of space between the manufactured homes.
The community has plenty of amenities for its residents, including a private clubhouse, lighted streets to guard against the dark, beautiful scenery, and a playground for the children. In case you need to host an event, they rent out the clubhouse for those special occasions.
The mobile home park is surrounded by many restaurants and stores; and there is easy transportation to and from the area. We aso won’t forget to mention that the community is located in an excellent school district, so you don’t have to worry about the quality of education for your children.
- Kline’s Resort
Kline’s Resort is a mobile home park for senior citizens, located, according to Google Map Data 2021, in Three Rivers, Michigan. The community is well located, being close to US-131, I-94 and the Indiana toll road.
It offers manufactured homes in a wide range of styles and prices, to suit your aesthetics and your budget. The community’s rent covers water, sewer, trash and even recycling.
The living spaces vary from 600 to 1600 square feet. The yards are small, and therefore easy to maintain. There’s a resort crew to help you out with extra chores, like picking up leaves and trimming trees.
Guests are welcome at Kline’s Resort, and they may reserve a campsite at the community, if you feel like there won’t be enough space.
Buying a mobile home in Michigan is a good investment to make and can offer you a beautiful community of residents. Many communities throughout Michigan also offer breathtaking sceneries and awesome social events.
Tyrone Woods Manufactured Home Community, in Fenton, Michigan remains the best overall among the mobile home parks in Michigan because of the wide range of homes and services that they offer. So check them out now.
1 year ago
Justin Becker ·
Comments Off on Tips for Finding a Mobile Home
Planning to move to a new city can be nerve-wracking for anyone. The good news is it doesn’t have to be, if you are prepared.
One of the best ways to be ready is to get ahead of the game and start things earlier rather than later.
If you are looking to move to Fenton, MI, and are looking to buy a mobile home, then you have come to the right place.
Tips for Finding a Mobile Home
You can easily find what you are looking for in Fenton by following a few basic mobile or manufactured home search tips.
In fact, we have eight tips here that you need to know and will help you find the single-wide or double-wide mobile home of your dreams in Fenton.
When it comes to looking at mobile and manufactured homes, starting early is always a good idea.
The main reason you should get a move on is because you have more than a few options to choose from.
For instance, you may be looking at mobile homes to rent, or you may be looking to buy a manufactured home.
Therefore, you will have more than a few options, and you may decide that buying a mobile home makes more sense for you than renting.
Thus, if you are going to buy a manufactured home, then you need to be able to have enough time to get your finances together beforehand.
Alternatively, if you are looking to rent a mobile home, then having a little extra time to go over your options never hurts.
Of course, if you happen to stumble upon a diamond in the rough early in your new mobile home search, then you should jump on it.
Do not hesitate and make an offer, or put down a deposit, because that single-wide or double-wide mobile home probably will not be available for much longer.
In Fenton, there are various types of manufactured home communities.
Thus, if you are looking for 55+ communities, single family home communities, or a standard mobile home park, that is something you need to figure out first.
Once you have decided on your preferred type of manufactured home park, then you can narrow down your search and start looking at mobile homes within your price range.
The nice thing about many of the manufactured homes available in Fenton is that they are located in neighborhoods that offer communal perks like clubhouses, playgrounds, picnic areas, lush community grounds, and so much more.
Plus, while shopping online, you can tour the homes you are interested in and also look at the available communal amenities, like the ones mentioned above.
When it comes to manufactured homes, having a real estate agent or a broker guide you in your search is always a bonus.
The reality is that looking for a mobile residence is really no different than searching for a traditional site-built/stick-built home.
Thus, an agent or broker might just be what you need to find that perfect fit.
Plus, if you are leaning towards going through the mobile home buying process, then having an agent already lined up can give you a leg up against the competition.
That said, you may be able to find a manufactured home to rent without professional assistance, if you so choose.
However, if you would like to find a single family home sooner rather than later, you may want to reconsider.
In today’s market, social media is a valuable tool for marketing and simply getting the word out about available personal property or homes.
Thus, it is not too surprising that you can benefit from using your social media accounts to find that perfect manufactured home.
Not only are there websites or pages for the various communities, but there is also a wealth of resources on sites like Facebook, LinkedIn, and Instagram.
In fact, when it comes to Facebook, there are amazing tools that can help you find exactly what you are looking for, such as the recommendation and their Marketplace.
Take a Tour
Once you have a good idea of what is available in Fenton, then the next step is to start touring potential mobile homes, and their communities.
It is highly recommended that you call first to schedule an appointment or showing.
Since you do have to make an appointment in advance, it is best to have only a few options on your must-see list.
If you are still having trouble narrowing down your choices, you should at least try to take a tour of one or two prospective mobile home communities, plus you want to find out how much their lot rent is.
After settling on a few mobile homes, you may want to consider having a roommate, or roommates.
Most mobile homes are better suited for growing families, retirees, and young professionals.
So, with that said, a roommate may be, in fact, just what you need to be able to afford your new manufactured home.
If you are thinking about buying a mobile home, then you will need to figure out if a roommate is feasible.
In other words, you will need to decide if you are renting out only a room, or more, and if so, does your mobile home community allow you to lease out a portion of your home?
On the other hand, if you are just looking for another person to rent a mobile home with, then you will likely need to produce the necessary documentation that is typically needed when more than one person is leasing.
Figure Out Your Must-Have Amenities
If you are leaning towards buying a mobile home in a community, then you will have several perks or amenities at your disposal.
Alternatively, if you are looking at buying a mobile home that is located outside of a community, or site-built homes for that matter, then you may not have any communal comforts available.
Ultimately, this is why it is more beneficial to consider buying a mobile home or renting a manufactured home that is located in a community or neighborhood.
For instance, if you are looking at a community that caters to retirees, then you should expect to find:
● A Wealth of Activities
● Nearby Golfing
● and More
Likewise, family-friendly mobile home parks tend to offer:
● Playground Areas
● Picnic Spots
● Swimming Pools
● and Ongoing Activities
Avoid Popular Moving Seasons
Finally, when it is time to pack up and move, make sure you pick the right time to move.
More often than not, people like to move or relocate during the summer months or early fall. As a result, finding reasonably-priced movers and moving supplies/equipment is next to impossible.
So, if you would prefer to save on movers, and other necessary moving essentials, then you should avoid making the big move during popular or peak seasons.
Of course, no one is suggesting that you relocate in the dead of winter. Rather, you should try to move after the big back to school rush, and before the holidays.
At the end of the day, these are just a few things you can do to streamline the entire process.
With that said, if you are still having trouble finding your forever manufactured home, then try contacting a local realtor or agent for further assistance.
You can also call a few of the better known mobile home communities in the area, such as Tyrone Woods Manufactured Home Community.
Ultimately, with the right help, and these tips mentioned above, you should have no trouble finding the manufactured home that you have always dreamed of in Fenton, Michigan.
1 year ago
Justin Becker ·
Comments Off on Manufactured Home Financing Options on Leased Land
With today’s manufactured homes, finding financing is easier than ever before, which is good news if you are looking to purchase a mobile home.
Manufactured home loans are typically more affordable, and easier to qualify for, than in comparison to a traditional home. Not only are your mortgage payments likely to be less, but also you are generally not required to put a lot of money down either.
Many people purchase mobile homes for these very reasons. That said, there are specific mobile home loan programs and lenders that can assist you with this particular type of homes financing. Moreover, there are several financing options for manufactured homes on leased land.
Before getting into exactly what those options are, let’s go over some of the basics.
For instance, if you do not know what is meant by a home on leased land, that is perfectly okay. Leased land typically refers to mobile home parks and manufactured home communities. Under these circumstances, you are likely purchasing a modular home that is already located within a community. As a result, you would be financing your mobile home while paying rent for the land that it sits on, otherwise known as “lot rent,” which is generally affordable.
Manufactured Home Financing
Obtaining manufactured home loans for modular homes on leased land does have certain rules and regulations that are often associated with them, especially with government-backed loan programs. Nevertheless, you can work with a handful of reputable manufactured home lenders to figure out what will work best for you.
Here is a quick overview of three top mobile home loan lenders that are most commonly used by mobile homeowners in this scenario to help get the ball rolling.
Triad Financial Services
One major manufactured home lender in the game is Triad Financial Services. This particular lender specializes in manufactured home loans and has been around since 1959.
Consequently, Triad can offer you decades worth of experience. Here, potential homebuyers are walked through a quick and easy purchase/mobile home loan process. Moreover, this process is streamlined for consumers and accessible online.
Triad also offers construct-perm loans and a refinancing loan process, if you are looking to refinance your mobile home.
If you are interested in working with one of the oldest lenders in the industry, then contact Triad or go to their website and check out their online loan applications.
21st Mortgage Corporation
Another mobile home loans lender worth considering is 21st Mortgage Corporation. This mortgage company has been around since 1995 and is a larger lender with over 800+ team members that can assist you.
Here, you will find multiple loan programs for your future manufactured home. 21st Mortgage loan programs include fixed interest rates, financing for both new mobile homes and used mobile homes, no matter if they are on permanent or nonpermanent foundations, financing for homes located within a mobile home park, and much more.
If you would like to find out more about this lender, then do not hesitate to check them out online. Note, there are credit score and state-specific guidelines that you should look at first before moving forward with 21st Mortgage.
Performance Equity Partners (PEP)
The other mobile home loans lender that may be able to assist you with funding is Performance Equity Partners. Established in 1994, this lender also has several loan programs available for manufactured houses.
PEP funds and services both new and existing manufactured or mobile homes, that are located within communities, nationwide. That said, PEP does not offer financing for land owned units, so be mindful of that when you are pursuing their available programs.
If you want to know more about PEP, then go online for additional assistance.
Other Financing Options
Besides lender financing, there are a multitude of government-backed loan programs available for mobile homes via select banks and credit unions.
For example, USDA or Rural Development loan programs have been around since the 1930s and were originally used for on-farm housing. In regard to manufactured homes, USDA loans are a great option as they require no down payment and are willing to finance up to 100 percent of the appraised value of your future mobile home.
With that said, you still need to meet the basic requirements:
● Minimum credit score of 650
● The home has to be in a rural location
● You cannot make more than 115 percent of the county’s median income
Note, this loan typically comes with fees — a .5 percent monthly payment and a two percent fee on the entire loan.
FHA Mortgages (Title II and Title I loans)
When it comes to FHA mortgage or loan programs, this is often many people’s second option. This is due to the fact that most mobile homeowners tend to go with a USDA loan, if they can. Typically, though,, if their income exceeds the permitted amount for a USDA loan, then the next stop is an FHA mortgage.
FHA mortgages have no maximum income requirement, which obviously is helpful. However, the caveat here is that an FHA loan is not actually a home loan; rather, the government has insured your loan. Usually, lenders prefer homebuyers that are FHA-approved because they benefit from mortgages being backed by the government.
Of course, if you are interested in an FHA mortgage or loan, it is up to you to find an FHA-approved lender.
There are two common types of FHA loans that you will see when dealing with manufactured housing. The first is an FHA Title II loan, which requires a 3.5 percent down payment and offers up to a 30-year loan term. However, a Title II loan is used to purchase both the mobile home and the land it sits on (this is essentially a real estate loan). Thus, this FHA loan would not be applicable if you are looking at a manufactured home on leased land.
The other FHA loan is called a Title I loan. This is the loan that you would use when buying a manufactured home within a community or on leased land.
A Title I loan is for personal property and requires that the initial lease be for a minimum of three years. Other requirements of an FHA Title I loan include a five percent down payment, and shorter loan terms, up to 20 years.
There is also a maximum loan amount here. Plus, your down payment, minimum credit score (at least 580), and terms vary depending on the lender you choose to work with. Thus, it is highly recommended that you shop around if you are interested in FHA Title I financing.
Note, future homebuyers can assume your mortgage at your interest rates, and the associated fees are 1.75 percent of the entire loan, with a monthly payment of .85 percent.
Lastly, you can purchase a manufactured home with a Veterans Administration (VA) loan as well. To qualify for this type of financing, you need to be a veteran or service member.
Here, the manufactured home has to be permanently attached to the foundation on borrower-owned land. Thus, this financing is not available for modular homes on leased land.
Ultimately, these are just a few things to keep in mind when trying to secure funding for your manufactured home. In order to make the entire process run smoothly, make sure you do your research. There are often caveats, regulations, guidelines, and more that may bar you from utilizing specific funding.
If you would like additional help regarding securing financing for a manufactured home on leased land, then do not hesitate to contact the aforementioned lenders.
2 years ago
Justin Becker ·
Comments Off on Top 5 Mobile Homes for Rent in Fenton, Michigan
Fenton is a wonderful city in Michigan with ample housing options. In particular, manufactured housing has truly made a name for itself in the last several years here.
In fact, some might say, there is actually an overabundance of mobile homes in Fenton, MI 48430. So, you may be wondering, which mobile home community is right for you, or better still, how do you go about finding that needle in the haystack?
Well, both are great questions that hopefully we can answer together.
How to Find the Best Mobile Home for Rent
For starters, in order to make your mobile home search a little more pleasant, it is highly recommended that you narrow down your options. There is nothing worse than having too many options, as you may have experienced before. Too many choices generally just leads to indecision.
Thus, instead of you rattling off that line to your family members when they ask you why you have not moved into a place yet — let’s get you into your new mobile home asap by going over the top five mobile homes for rent in Fenton, Mi 48430.
Learn More About Fenton, MI 48430
Of course, if this is your first time living in or moving to Fenton, MI 48430 then it never hurts to get the lay of the land before you further focus on your mobile home search.
In general, Fenton, MI 48430 is a small town at heart and is just around the corner from major cities like Holly, Highland, and Grand Blanc. What’s more, there is a wealth of recreation in Fenton, MI 48430 — thanks to the 50+ lakes, dozens of parks, nature trails, regularly scheduled festivals, free summer concerts, several community events, and more.
Besides endless outdoor fun, there is a rich history here, a bustling downtown district, local eateries, and amazing shopping centers. Fenton, MI 48430 is also a business-friendly metropolitan area and a fantastic place to raise a family.
With that said, you will still need a place to rest your head at night, so how about we count down the top five mobile homes for rent in Fenton, MI 48430.
Mobile Homes for Rent in Fenton, Michigan
5. East Bay
Coming in at number five is East Bay, located at 11429 Harbor Cove, Fenton, MI 48430.
East Bay is a decent mobile home community with mid-luxury amenities. This well-maintained mobile home park has lush landscaping, playgrounds, recreational courts, a private pond, and communal activities. East Bay is also near highly-rated schools and everyday conveniences.
Mobile homes for sale at East Bay offer modern features, custom layouts, brand-name appliances, wood-like flooring, and have a minimum of 1,000 square feet of living space.
That said, a mobile home for rent in this community that is worth a look-see is a lakefront 3-bed/2-bath, 28×52’, 1,450 square foot home for $1,179 a month. This mobile home comes with all major appliances, a full-size washer/dryer, and has a sizable deck overlooking the water.
4. North Bay Harbor Club
Number four on our list is the North Bay Harbor Club mobile home community, located at 11567 Heron Way, Fenton, MI 48430.
In addition to its great location, this mobile home park has a wealth of amenities. A few notable communal perks at North Bay Harbor Club include an upscale clubhouse, a children’s play area, trash removal, locking mailboxes, lush landscaping, and more.
Looking at manufactured homes for rent here in Fenton, MI 48430, you will find several worthwhile homes to consider, like the brand-new 4-bed/2-bath, 28×56’, 1,600+ square foot mobile home for $1,440 a month. This residence has the latest mobile home features and is actually a rent to own.
There is also a lovely 3-bed/2-bath, 28×56’, 1,500+ square foot mobile home for rent for $1,390 a month. This brand-new mobile home has an open floor plan, a custom kitchen with all black appliances, an outdoor storage shed, and three designated parking spaces.
3. Fenton Oaks
The mobile home community of Fenton Oaks is number three on the list, and is located at 28 Chinkapin Rill, Fenton, MI 48430.
Yet another community in the city of Fenton, MI 48430, this beautiful mobile home park offers spectacular amenities like boat/RV storage, recreational courts, a billiards room, a swimming pool, a clubhouse, and so much more.
Here, you will find several mobile homes for sale and rent in Fenton, MI 48430. Thus, depending on your budget and overall needs, you can choose between these available homes. Note, the majority of these residences for rent are 3-bed/2-bath, 28×48’, 1400+ square foot mobile homes, ranging from $750 to $1,125 a month.
2. Cider Mill Crossings
Number two on our list of the top five mobile homes for rent in Fenton, MI 48430 is the mobile home community known as Cider Mill Crossings.
Cider Mill Crossings is located at 9900 Prince Blvd, Fenton, MI 48430.
In terms of communal perks, Cider Mill Crossings has a lot to offer, including a fitness center, a billiards room, a basketball court, a swimming pool, and a clubhouse. They also offer homes for sale too.
There are also a few other notable amenities at Cider Mill Crossings, like off-street parking, neighborhood sidewalks, open green spaces, and playgrounds. Residents are allowed multiple pets, as long as they weigh less than 75-lbs.
The top mobile home for rent at Cider Mill Crossings is a recently upgraded 3-bed/2-bath, 28×48’, 1,456 square foot, mobile home for $1,149 a month. This simply ageless home has custom features like a gourmet kitchen with a butcher block island, hardwood flooring, all black appliances, and spacious bedrooms with walk-in closets.
If this stunning mobile residence has piqued your interest, you should act fast and contact Cider Mill Crossings, because this home won’t be available for much longer.
1. Tyrone Woods Manufactured Home Community
Located at 8378 Hogan Rd, Fenton, MI 48430, this particular mobile home park has everything, and then some.
Not only are there manufactured homes for rent and manufactured homes for sale here, but there are also top-rate amenities that the entire family will love.
Noteworthy features and communal comforts include a gorgeous country setting, affordable homes for sale and lease, a new water filtration system, onsite management, resident appreciation events, and convenient access to all the remarkable schools in the Linden School District.
Furthermore, the mobile homes at Tyrone Woods Manufactured Home Community are all double-wide homes for sale or lease, that offer 3 to 4 bedrooms, at least two bathrooms, and a minimum of 1,500 square feet of contemporary living space.
Each mobile home here in Fenton, MI 48430 comes with your choice of custom styles, layouts, and designs. Here, these Fenton, MI 48430 homes’ high-end features include custom oak kitchens, spa-like bathroom suites, and spacious living rooms with stone fireplaces, which are practically the talk of the town in Fenton, MI 48430.
As you can see, Fenton, MI 48430, has so much to offer when it comes to manufactured housing. And even though Cider Mill Crossings is a close second, there is no denying that the mobile homes for sale and rent at Tyrone Woods Manufactured Home Community are the top of the crop.
Don’t just take our word for it, stop by this community’s main office or call to schedule an appointment and see for yourself. Ultimately, if you are ready to make your move to Fenton, Mi 48430, then do yourself a favor — check out all the amazing mobile home parks mentioned above.
With that said, remember when you are ready to put down roots in the number one manufactured residence park in Fenton, MI 48430, Tyrone Woods Manufactured Home Community will be waiting for you with open arms.
2 years ago
Justin Becker ·
Comments Off on Mobile Homes in Fenton, MI: Key Features to Look For
Located in Genesee County, with portions in neighboring counties, Fenton, MI is among Michigan’s best cities. The small suburban city is famed for its close-knit community and boasts some of the most flexible housing options in all of Michigan.
Mobile homes for sale are pretty popular, and if you’ve been thinking of getting one in Fenton, MI, then you should know what features it should have.
Mobile Homes in Fenton, MI
Below is a well-detailed list of some of the key mobile home features to look for in Fenton, MI:
1. Single-Wide or Double-Wide
The first thing you ought to consider while buying a mobile home is whether it is a single-wide or a double-wide.
Single-wide mobile homes, as the name suggests, have narrow interiors. Also, instead of hallways, the rooms in these mobile homes are typically separated by back to back walls.
On the other hand, a double-wide mobile home is bigger, more spacious, and the rooms are separated by spacious hallways.
Double-wide mobile homes are the way to go if you have a family because they’re more similar to the traditional stick-built family homes.
2. The Roof
The last thing you want is a mobile home with a leaking roof. Therefore, whether you decide to go with single or double-wide manufactured homes for sale, another essential feature to check out is the roof.
So, how do you know whether a mobile home roof is in good condition? Well, you can start by checking out the roof type. Several mobile homes have flat metal roofs, however this type of roof tends to crack and rust in time.
In that light, it is wise to opt for a mobile home with shingled or pitched steel roofing. It is more durable, less prone to rusting, and it adds aesthetic value to the unit.
If you opt for a rolled metal roof, inspect it for water stains. If there are any, this means you will at some point have a rust problem.
3. The Floors
When it comes to the floors of manufactured homes for sale, you need to consider the following:
● The Floor Plan
Mobile homes for sale are not one size fits all. Other than being single or double-wide, they come with different floor plans.
Some manufactured homes boast master bedrooms, while others come with master suites. With that said, take the time to consider what floor plan suits you.
For example, if you work from home, you need a mobile home with a home office. Not all manufactured homes have one. Therefore, create a checklist of what your family needs so you can easily select a unit that fits you.
● The Condition of the Floor
If you’re looking for a mobile home in Fenton, MI, it’s because you already know the amazing perks manufactured homes for sale have over the traditional stick-built home.
That said, there’s also no doubt you know that, unlike traditional site-built homes, manufactured homes do not have a foundation. While this gives you the advantage of moving it to any spot you find suitable, there is also a downside. Why? The floor is usually susceptible to the wear and tear caused by the elements.
For instance, pooling water beneath the mobile home may cause rotting and, consequently, interior damage. Also, a leak in the house, caused by either a leaky roof, window, or appliance, may cause water to pool between the floor and the insulation, leaving you with major mold and mildew problems, as well as a rotting floor.
Therefore, if you find manufactured homes with the ideal floor plan for you and your family, be sure to inspect the floor before you sign any contract. Soft spots in a manufactured home are the easiest way to tell a problematic floor.
4. The Vapor Barrier
As already noted, mobile homes for sale do not have a foundation. They, therefore, have a vapor barrier to prevent damage caused by the elements.
This barrier is usually fixed below the unit to prevent moisture, as well as keeping the floor from being damaged. However, as with anything else, it’s subject to wear and tear, as well as damage.
That said, the vapor barrier is yet another key feature to check while looking for a mobile home in Fenton, MI.
5. Electrical Job
Since you are investing your hard-earned money in what will now be your very own mobile home, you not only want to get the best bang for your buck, but also you want a unit you’ll be proud to call home.
In that breath, another key feature to check out is the electrical job.
The last thing you want is to spend money on repairs. So, if the unit is connected to a source of power, inspect the electrical outlets, the light switches, and the appliances. If there are any exposed wires, it would be wise to check out other manufactured homes the dealer has, or notify them so that repairs can be done.
Also, make sure the breaker panels comply with the local electrical codes, and that there are enough outlets in each room. If the mobile home has been sitting vacant and powerless for the past six months, or more, it would be wise to have a professional do the inspection.
6. The Doors and Windows
Besides soft spots on the floors, another significant problem for manufactured homes is moisture.
When moisture gets in, your HVAC system will often have to work two times harder. This will not only cause it to wear out fast, but will also leave you with spiraling energy bills.
What does this have to do with doors and windows? Well, in most cases, improperly sealed doors and windows are usually the main culprits behind moisture problems in manufactured homes.
Besides the vapor barrier, be sure to inspect the doors and windows while shopping for a mobile home unit, if you are to avoid moisture-related problems.
7. The Air Conditioner System
A manufactured home in a Fenton, MI manufactured home community, like Tyrone Woods Manufactured Home Community, located at 8378 Hogan Rd, Fenton, MI 48430, is more affordable than a traditional stick-built home.
However, just because it saves you some money, doesn’t mean you should compromise your comfort. In that light, it’s essential to note that, in the past, manufactured homes didn’t have an air conditioner system. If you end up with such a mobile home, you may have to spend a lot installing one.
If you find one with an air conditioner unit, check if it is in proper working condition. Keep in mind that HVAC repairs are among the most expensive repairs not only in a mobile home, but also in traditional houses. So be sure to go for the best.
8. The Customization Options
The benefits of a mobile home in Fenton, MI include affordability, privacy, space, and excellent customizability. This last benefit is perhaps why they are so popular.
Opting for a mobile home enables aspiring homeowners to get their dream homes, without blowing their budget. This is because you can get it tailored to suit the plans you’ve always had in mind, when it comes to owning a home. Therefore, while shopping for one, ensure you ask about your customization options.
Other Features to Look for Include
- The septic
- The plumbing job
- The siding
- The insulation
Buying a home is an incredibly important life decision, and is among the most money-intensive transactions you will make in your life.
Therefore, if you have decided to purchase a manufactured home in Fenton, MI, make sure you end up with the best. You can achieve this by ensuring the unit you purchase has the features listed above, and by working with a reputable manufactured home community, such as Tyrone Woods Manufactured Home Community.
Check us out for more tips on mobile homes in Fenton, MI.
2 years ago
Justin Becker ·
Comments Off on How to Search for Mobile Homes for Sale While Staying Safe
Since the outbreak of the Coronavirus, people are left not really knowing what to do when it comes to looking for a home to move into.
There are a lot of concerns about how to still safely look for mobile homes for sale during a pandemic.
The spreading of Coronavirus has been increasing over the past several weeks, and there are stay at home orders issued by the governors of many states, including Michigan.
How to Search for Mobile Homes for Sale
If you are hunting for mobile homes for sale, there is a chance that you are worried about being able to find one during this unprecedented time.
The most important thing to remember is to stay calm, especially right now during this state of utter distress and panic. It is important to acknowledge there are steps that you can take to remain healthy and safe while you are searching for a manufactured home.
Here are some steps that you can take, which are based on the regulations that have been set by the Centers for Disease Control and Prevention (CDC), which are always subject to change:
How to Safely View Mobile Homes
Searching for a mobile home is typically quite simple and very straightforward.
In normal times, you would simply search for listings that you want to view, then contact the owner of the land or property and set up a time to meet them to see the mobile homes that you are interested in.
However, things have changed a bit, and there are some safety measures that you can take to stay healthy.
1. Limit the Number of Viewings
The first thing that you should do is to make sure that you research each of the manufactured homes carefully. If it’s a 3 bedroom home you desire, limit your research to only 3 bedroom manufactured homes.
Many brokers are now offering virtual home tours of their properties. These tours will allow you to walk through the property, through the use of your phone or computer, without having to step inside the mobile home.
If there is not a virtual mobile home tour available, you usually will have the ability to look over pictures of the mobile home in order to obtain a good idea of whether or not you might be interested in purchasing, or renting, a particular mobile home.
2. Set up an Appointment
After you have made a decision on which manufactured homes that you want to look at, you will want to make an appointment with a realtor or mobile home park manager.
You should choose a single realtor to show you all of the available properties, as this will limit the amount of contact that you have with people outside of your home.
3. Use Precautions
According to the CDC, Coronavirus spreads mainly through respiratory droplets, or when you are in close contact with someone who has the illness and you have not adequately washed your hands.
Here are some steps that you should take when you are viewing manufactured homes with your realtor or mobile home park manager:
- Wash your hands as often as possible during your manufactured homes search. Make sure that you are washing for a minimum of 20 seconds, using soap and water. If you do not have access to soap and water, bring along a bottle of hand sanitizer to use. In order for the hand sanitizer to be effective, it must contain 60 percent alcohol.
- Avoid touching your eyes, nose, mouth, and face while you are viewing manufactured homes.
- Avoid coming in close contact with the person who is showing you the mobile homes. This can be difficult when you are in a small space, but try to keep your distance during the tours as much as you possibly can.
- When you return home, make sure that you wash your hands thoroughly again. It is also a good idea to remove your clothing and place it in the washing machine as soon as possible.
4. Be Smart
When it comes down to it, if you take these precautions, you are going to lower your risks of becoming ill while you are viewing mobile homes for sale.
It is also important to note that if you are feeling unwell at all, you should not be going out to view mobile homes under any circumstance. Stay home if you are under the weather, as this can help keep others from getting sick.
While the coronavirus pandemic is not the perfect time to be looking for mobile homes, it is still possible to find the perfect brand new home that you have been looking for.
To make your search even easier, feel free to connect with us here at Tyrone Woods Manufactured Home Community. We have several new and used manufactured homes to choose from, in a quiet country setting that is perfect to raise a family or spend your retirement years at.
2 years ago
Justin Becker ·
Comments Off on Apartments in Fenton, MI vs. Mobile Homes
If you are currently living in Fenton, MI, or are looking to move to the Fenton area, or nearby cities/zip codes, then you need to be looking at a manufactured home at Tyrone Woods Manufactured Home Community.
If you are not, then you are missing out on the luxuries of space, privacy and saving yourself money.
Unfortunately, America has casted a negative stereotype over mobile homes, which has led most people to shy away from the thought of residing in one.
Instead, people tend to search exclusively for apartments when they are looking to move, which leaves them cramped and, frankly, flushing money down their apartment toilet.
With all of that being said, it’s time we educate everyone on the benefits of mobile homes over apartments in Fenton, MI 48430.
Apartments in Fenton, MI
vs. Mobile Homes
Everyone’s heard the saying “Best Bang for your Buck!” Well, that phrase has never rang more true than when referring to mobile homes in Fenton, MI 48430.
For example, a double-wide mobile home for rent in Fenton, MI, at Tyrone Woods Manufactured Home Community, has an average rent of $800.00 to $1,000.00 per month; and that includes your lot rent.
They also come in sizes anywhere from 1,500 to 2,700 square feet.
The only comparable apartments that are in Fenton, MI are found at Silver Lake Hills Apartments.
These apartment homes for rent in Fenton are located at 3200 Foley Glen St, Fenton, MI 48430, per Google Map Data 2021.
Silver Lake offers 2 beds and 3 beds apartments for rent in Fenton, MI, with the average rent being $1,400.00 per month
The size of these units range anywhere from 1,000 to 1,800 square feet. Contact their leasing office for availability.
There is another nice apartment complex in Fenton worth mentioning, which is Pheasant Run, located at 1500 N. Towne Commons Blvd, Fenton, MI 48430, per Google Map Data 2021.
Though Pheasant Run is nice, they only offer 1 bedroom or two bedroom apartments. Contact their leasing office for availability.
Tyrone Woods Manufactured Home Community also offers mobile homes for sale in Fenton, MI 48430, with a price range of $30,000.00 to $50,000.00.
All homes are at least 3 beds, and have at least 2 bathrooms.
Also, Tyrone Woods Manufactured Home Community offers Option to Purchase Agreements.
This means for every month that you pay rent, you receive credits towards purchasing your mobile home.
So if you rent a mobile home in Fenton, MI for a few years and decide that you want to purchase it, you are essentially gaining equity in your home simply by paying your rent
This is a far better option than flushing your money down your apartment toilet, as we referenced earlier. Contact our main office for availability.
The average size of apartments that are in Fenton, MI 48430 are nearly half of mobile homes, no matter if you are comparing 1 bedroom, 2 beds or 3 bedrooms units.
This gives people plenty of space to grow their families, without feeling the need to upgrade their living space every few years.
Mobile home living at Tyrone Woods Manufactured Home Community, located 8378 Hogan Rd, Fenton, MI 48430, per Google Map Data 2021, also offers bathroom suites, stone fireplaces, oak kitchens, family rooms, hardwood floors, patios and storage sheds.
Not to mention, people living in manufactured homes have their own yard, which most apartments located in Fenton, MI do not offer.
Mobile homes in Fenton may still be smaller than many traditional stick-built homes, however they certainly give you plenty more “Bang for your Buck” compared to the Fenton apartments for rent.
Living in your own home means having your own privacy.
No more worrying about residents above you making too much noise when their kids are jumping on the bed!
No more frustrating nights because of the resident below you watching TV, with the volume turned all the way up!
Security check is also at its best here! The bottom line is, NO MORE SHARED WALLS!
This would be your reality if you were to rent or purchase a manufactured home, instead of renting an apartment in Fenton.
We hope this has helped explain the important financial and lifestyle benefits of living in a mobile home over a 1 bedroom apartment or 2 bedroom apartment in Fenton, MI.
If you are looking at mobile homes in Fenton as an option for you and your family to live in, you must consider Tyrone Woods Manufactured Home Community.
Schedule An Appointment with us today to tour your new home. We look forward to meeting you and having you join our community.