Lana and Marsha are both correct. The issue with manufactured homes that are older than June of 1978 is that there was little standardization with them. Those homes built before that date may have unknown grade of insulation, wiring and plumbing not to a certain quality level and other minimum standards that HUD set forth as minimum building guidelines for all manufactured homes to be built after June of 1976. So those older homes are deemed near worthless by most lenders and as a potential buyer, you should also consider there to be little to no value because there is no resale value to the home, if anything, there is a cost to remove them that some investors would take into a consideration instead.
In most cases private financing is the only option, however, if a person wanted to remove that home and put a new manufactured home or new construction on the property, there are conventional loans that would help with that. Please feel free to shoot me an email if you have any specific questions. By the sounds of it, you are just beginning your search into buying a home and you probably need to get yourself qualified for financing. This way, you'll know more specifically to you, what your lending options are and how they may fit with available properties. CaseyL@summitfunding.net... more
Hi, my name is Casey Lown. I'm a mortgage broker in Eugene and I'd be happy to talk to you about your lending options with Home Path. Truth be told, it's a great program but depending on your credit profile and what you are trying to accomplish, there could be better options. Give me a call, 541-868-1850.... more
Sandor, I realize that I forgot to answer the cost aspect of your question. I want to be sure that you get a trustworthy answer so I asked my husband, who is a general contractor, to read over your question. He estimates that you could expect to pay around $1,500 including materials and installation for a skylight. The solar tube may run $400. Apparently the solar tubes vary in cost according to the size that you select. These are ballpark estimates because conditions found affect the exact cost. Here's hoping that things turn out just as you invision.... more