How much home can you afford?
Well, that is a good question! Have you decided to purchase a manufactured home? That is great! Manufactured Housing is a great option for Texans. According to census reports an estimated 20 million Americans live in manufactured homes. Manufactured Homes are a more affordable housing option due to the manufacturing process. The homes are built inside factories which takes away added cost and wasted time on weather delays. The factory atmosphere also allows for quick production as the homes are built on an assembly line. Due to the mass production of homes the factories can purchase massive amounts of supplies at a time, thus getting cheaper rates than a typical home builder. These factors, and many more, help create the more affordable manufactured home.
We are continuing to see an increase in families moving away from traditional site-built housing and into the more affordable option of a factory-built home. If you are thinking about buying a manufactured home, you need to know how much home you can afford.
Here are a few things lenders will look at when working on your pre-approval for a home.
1. How much do you make per year?
2. How much do you spend each month on bills?
3. Do you have a down payment? How much?
4. What is your credit score?
5. Do you have a place to put the home?
When you visit our sales center, you might be asked these questions. Our housing consultants work with all the top manufactured housing lenders in the nation as well as some local banks to provide financing for our customers. We offer free credit evaluations, so you know exactly how much home you can afford. Our experienced housing consultants can look at your credit report with you in addition to your income and monthly expenses to help you understand what the bank will lend you. Once you have an idea of the loan amount you qualify for our team can help you find a quality home that meets your needs and budget requirements.
After you decide that you are ready to buy a manufactured home, A-1 Homes Victoria would love the opportunity to earn your business. We are dedicated to getting everyone into a home and we will work with you every step of the way. If you would like to learn more about how much home you can afford, give us a call at (361) 573-1200.