Suffolk Bumpkin

Hi All -

The wife and I are off to the USA in 3 weeks to buy a home.

We've been looking at mobile homes in NH and ME, and have been preapproved for a mortgage.. But I was hoping to get some of others experiences.

We're looking at mobiles on their own land - my wifes credit rating is super dooper good. But we've been told by one lender that they wont do a No-Doc mortgage on a mobile unless its on a slab, double wide, and built after 1976.

(Oh - we will also have to stand on one leg and fart the tune to 'God Bless America' before the mortgage is finalised. )

AAaanyways - I know different conditions may exist within different states - but I also know different lenders dance to thier own tune at times. So any insights would be handy -

Thank you ladies and gentlemen!

OOaaaaaarrrrrrr!...Now where's that chicken gone?

Tami2

Ummm...why exactly are you looking at mobile homes....?

Lion in Winter

Mobile homes are no fun unless you get one in one of the tornado states.

Tami2

Exactly...they're sooo dangerous...and not the greatest reputation, if you know what I mean...

Lion in Winter

I don't even know why they're allowed in the places that get extreme weather. There's usually a pretty severe loss of life in the mobile home parks when a hurricane or tornado arrives.

tony126

I would certainly think again. The question already asked, is why a mobile?

dunroving

Buying a mobile home is more like buying a car than a house - not a good investment. Drops in price the minute you buy it.

I know some "manufactured homes" (is that the correct term? Maybe modular homes?) are more sellable and robust than true mobile homes (single-wides, etc.). I think it's also easier to get mortgages for them. Is this the kind of house you mean you are buying?

cupranod

Blimey, if you were still in the UK I'd call you a 'closet Gippo'!!
Do you plan to park loads of knackered old cars outside,along with old fridges and piles of garden debris?
Only joking,good luck to you.
Hope you get to find a good pitch.

ironporer

I guess if you mean "Manufactured housing" on a slab and it's own land, it's not a mobile home. There actually are some very nice stick built (2x4 framing, just like standard homes) homes- up to 2 story 4 BR models w/ garage etc now. They are not all the wheeled trailer homes of old.

Suffolk Bumpkin

Hmm..funny you should say that - used to be a traveller. Long hair, dog on a string and all that - maybe its coming thru again.

Mobile homes in NH (there are some very nice ones - I'm not talking a crappy old caravan here) are about all we can afford right now .. Its a sellers market unfortunately.
The ones we've looked at arent mobile anymore - they've got extensions etc.
I know they have a bad rep. and no, we wont be moving into a trashy area.
Just fishing for knowledgeable types on the mortgage front really.

Barf!

fatbrit

The extra mortgage costs of a trailer can easily be offset by appearance fees on Jerry's show.

Suffolk Bumpkin

*sigh* - OK - so where's the trailer trash forum? Probably get more sense out of them right now........

cupranod

Sorry mate,only joking.No offence intended.

Bob

In New England....you'd freeze ya knackers off in a mobile home....

fatbrit

In Arizona....you'd fry ya tits in a mobile home...