Kerman Mobile Homes, Inc. Goshen Sales Center

https://www.mhvillage.com/blog/vacation-mobile-homes/?utm_source=Klaviyo&utm_medium=email&utm_campaign=MHVillager%20Newsletter%20-%20Perfect%20Second%20Home%20%282023-11-06%29&utm_content=Read%20More&_kx=DNJQxQQtjOcqlh-i8w6pimHxinhK7_SXmwe8wBf5qhs%3D.SUjKAS

Mobile Homes as Great Vacation Rentals and Secondary Homes | MHVillager Mobile homes are affordable and low-maintenance options for vacation homes. Learn whether you should buy a vacation mobile home and how to find one.

https://www.businesswire.com/news/home/20230605005823/en/Champion-Homes-A-Sustainable-Smarter-Way-to-Build®

"The average home footprint of a Champion Home is 40-50% less than a home built on site, and when combined with its energy efficient windows, exteriors, insulation, and appliances, customers save money while making a difference."

Champion Homes, A Sustainable & Smarter Way to Build® Together with the Arbor Day Foundation’s, Champion Homes has planted nearly 800,000 trees through 19 strategic reforestation projects.

Manufactured Home Mortgages: 2024 Rates and Loan Options

- Your complete guide to manufactured home mortgages heading into 2024.

Manufactured Home Loan Guide | 2023 Loan Options and Rates Manufactured home loans are available, but the rules are different than for a traditional mortgage. Here's what you should know.

https://www.manufacturedhomes.com/blog/owning-manufactured-home-can-save-money-reduce-carbon-footprint/

Owning a Manufactured Home Can Save You Money and Reduce Your Carbon Footprint When it comes to creating affordable housing and adapting to climate change and reducing your carbon footprint, researchers say that manufactured homes are a “good solution with a bad reputation” due to the long ago past association with “mobile homes.” Those experts say that while manufactu...

https://www.manufacturedhomes.com/blog/advantages-manufactured-housing-cost-effective-alternative-site-built-homes/

"the advantages of manufactured housing over site-built homes, with a focus on cost-effectiveness. The comments here are based on an insightful study conducted by the Joint Center of Housing Studies at Harvard University."

The Advantages of Manufactured Housing: A Cost-Effective Alternative to Site-Built Homes When it comes to homeownership, there is a wide spectrum of options available, including both site-built homes and factory-built housing. Traditionally, site-built homes have been the “norm”, but manufactured housing has gained popularity in recent years, as an increasingly viable alternative. T...

https://www.rocketmortgage.com/learn/one-plus

"The 1% down payment program was designed specifically to serve millions of Americans from low to moderate income-level households struggling with housing affordability. Homebuyers whose income added up to 80% or less than their area median income (AMI) and who were looking to buy a single family home, including MANUFACTURED HOMES ... In addition to the benefits of the upfront savings, clients WONT PAY MORTGAGE INSURANCE on this product. That means a lower monthly payment, which adds to affordability."

Follow the link for Details / Frequently Asked Questions.

ONE+ Offers 1% Down Mortgage The down payment is one of the biggest obstacles for home buyers. ONE+ can help you get in your home with as little as 1% down and a 2% grant from us.

https://matterport.com/discover/space/S3d9ZJcjigh

Take a virtual tour of the Creekside Manor 3483S floor plan, then schedule a time to check out our display model on the lot now!

Creekside Manor CM-3483S by Redman Homes Lindsay Ser # 6349 *The Home shown on this 3D tour may be equipped with Factory and/or Dealer installed options.

https://www.mhvillage.com/blog/vacation-mobile-homes/?utm_source=Klaviyo&utm_medium=email&utm_campaign=MHVillager%20Newsletter%20-%20Perfect%20Second%20Home%20%282023-11-06%29&utm_content=&_kx=DNJQxQQtjOcqlh-i8w6pimHxinhK7_SXmwe8wBf5qhs%3D.SUjKAS

Mobile Homes as Great Vacation Rentals and Secondary Homes | MHVillager Mobile homes are affordable and low-maintenance options for vacation homes. Learn whether you should buy a vacation mobile home and how to find one.

https://www.mhvillage.com/blog/manufactured-home-dealer-buying/

Buy Your New Manufactured Home From a Dealer - The MHVillager™ Buying a manufactured home can be an exciting and cost-effective way to achieve homeownership. As more and more Americans look to buy a home, millions have discovered manufactured homes – that is, homes built in a factory and then transported to the home site – to be a fantastic, accessible opti...

Positive customer experiences don’t have to be rare! At 21st Mortgage, we strive to give everyone a positive experience with the financing of their home.

www.21stmortgage.com

https://www.manufacturedhomes.com/blog/manufactured-home-purchasing-tip-know-titling-manufactured-home/

"While titling the home as personal property can be quicker and save you money on real estate taxes, titling your home as real property has many benefits, including:

Many lenders may only provide financing for the purchase of real property. You will have more options to finance your home if you title it as real property.

With more options for financing, you will likely find a loan that has a lower monthly payment. Talk to your lender to discuss your options.

Although you will pay taxes on real property, there are many tax benefits to homeownership. It is also worth noting that some states will require you to pay taxes on personal property, as well. Consult a tax advisor to determine what is best for your specific situation.

Real property mortgages come with more protections for homeowners in the event of hardships, such as following natural disasters or a change in your financial situation."

more details in the link!

Manufactured Home Purchasing Tip: What You Should Know About Titling A Manufactured Home Source: FreddieMac – Manufactured homes – also known as factory-built homes – are an increasingly popular housing option that can be more affordable to buy and own than site-built homes. If you are thinking about buying a manufactured home, you should consider howto go about titling your home....

"A mobile home, also known as a manufactured home, can have unique advantages over a traditional home or condo, such as lower purchase prices and flexibility in your home’s location. However, it usually requires a unique form of insurance rather than a standard homeowners insurance policy since it has significant structural differences.

At the Guides Home Team, we have analyzed the top homeowners insurance companies on the market and compared their mobile home insurance policies to help you find the best one for you and your manufactured home."

5 Best Mobile Home Insurance Companies of October 2023 Looking for home insurance for your mobile home? Read this review of the best mobile home insurance companies nationwide to determine which is right for you.

Not sure where to start for the homebuying process? Visit the link below and use our payment estimator to begin!

MyPaymentEstimator.com

Looooooooking goooooood!

well done, Reuben Macias!!!!

If you’re looking for a manufactured home but not sure where to start, give Kerman Mobile Homes A call, and if you want your new single family home to look as sharp as this, ask for Reuben 🙌🏻

FHA expanding access for ADU’S!!
(accessory dwelling units)

https://www.hud.gov/press/press_releases_media_advisories/HUD_No_23_237

“With our new ADU policy, we’ll help households of more modest means maximize the potential benefits of homeownership to build wealth,” said Assistant Secretary for Housing and Federal Housing Commissioner Julia Gordon. “This new policy also contributes to the supply of affordable housing in many neighborhoods where it’s most needed and least available.”

“The new policies provide greater flexibility for the use of rental income from ADUs, which will help more borrowers qualify for FHA-insured financing on homes with ADUs,” said Deputy Assistant Secretary for Single Family Housing Sarah Edelman. “We’re pleased that we’ve had such widespread support from the housing industry – support that has helped us deliver this meaningful solution for the nation’s homebuyers

Federal Housing Administration Expands Access to Mortgage Financing for Homes That Have or Will Include Accessory Dwelling Units HUD No. 23-237 HUD Public Affairs (202) 708-0685 FOR RELEASE Monday October 16, 2023 Federal Housing Administration Expands Access to Mortgage Financing for Homes That Have or Will Include Accessory Dwelling Units New Accessory Dwelling Unit policy provides expanded financing options for borrowers a...

“While the cost of land is excluded from this analysis, the paper does acknowledge that land prices play a major role in home affordability. Specifically, as land prices increase, the proportional cost advantage of manufactured homes decreases,” Reed said. “When factoring in the median value of a finished lot, the cost of manufactured housing relative to site-built falls to 54% for single-section homes, 70% for double-section, and 80% for CrossMods. As such, we suggest that manufactured housing may be most attractive in markets with lower land costs, but still offers savings regardless of land cost.”
“Our findings suggest that manufactured housing is a viable alternative to site-built housing which, in the face of increased barriers to homeownership nationwide, could be more widely utilized,” Reed continued. “Moving forward, policymakers, housing organizations, and industry stakeholders should consider the findings of this study to promote and support the expansion of manufactured housing as an affordable housing option.”

Manufactured Housing May Be Viable Answer to High Real Estate Prices A new Housing Perspectives Blog post by Chadwick Reed of the Joint Center for Housing Studies at...

Manufactured homes, specifically ADU's, (1200 sq/ft or less) now permit-able in Ag zoned properties in Tulare County.

A few benefits this can produce..

1. Additional Rental Income: You can generate rental income by leasing out the ADU, providing a steady stream of revenue from tenants.

2. Farm Labor Housing: If you’re engaged in agricultural activities, the ADU can serve as housing for farm workers, reducing commute times and making it easier to attract and retain labor.

3. Tax Benefits: Some regions offer tax incentives for agricultural landowners who provide on-site housing for employees or for agricultural-related purposes.

4. Diversified Revenue Streams: Diversifying your income sources through an ADU can help stabilize your finances, especially during seasonal fluctuations in agricultural earnings.

5. Property Value Enhancement: The presence of an ADU can increase the overall value of your agricultural property, potentially leading to higher profits if you decide to sell or refinance in the future.

https://www.businessinsider.com/personal-finance/mobile-home-loans

7 ways to finance a mobile, manufactured, or modular home Those who want to buy a mobile, manufactured, or modular home have a few options to finance their purchase.

The mortgage insurance premium (MIP) is the monthly fee that homeowners with FHA-insured mortgages pay to insure their mortgages, which they pay on top of their monthly principal and interest payments. For millions of borrowers, including those buying manufactured homes, mortgage insurance helps bridge the down payment gap for buyers lacking a 20 percent down payment or those with less than perfect credit, and supports access to affordable and sustainable homeownership for American families.

FHA Reduces Annual Mortgage Insurance Premiums According to a February 22, 2023 HOUSING ALERT by Manufactured Housing Institute (MHI)), the Federal Housing Administration (FHA) announced it is reducing its annual mortgage insurance premium (MIP) for FHA-insured Single Family Title II mortgages by 0.30 percentage points, from 0.85% to 0.55% for m...

https://jbrec.com/insights/adus-surge-in-california-gain-momentum-nationwide/?fbclid=IwAR3tx_034QKh4ayP4wUy0m3cdBSbDk-wmt-zo0UXx_kVPElPOSWOwmnvrSc

Looking for the benefits an ADU could add to your property?

- Rental income to boost affordability for homeowners
- Multi-generational living, lessening the burdens of childcare and senior care
- Work-from-home spaces that serve as guest quarters or extra living spaces outside of business hours
- Affordable housing for the “missing middle” (loosely defined as something between an apartment and a single-family detached home)

Give us a call!

ADUs Surge in California, Gain Momentum Nationwide Home builder mergers and acquisitions (M&A) could be harder to accomplish under the new antitrust guidelines proposed.

The average sale price (of a Manufactured Home) was $124,900, and while that number represents a two-year increase of nearly $30,000, manufactured homes remain an affordable option for an inventory-depleted U.S.housing market.

Conversely, the price of a typical site-built home rose 43% in the past three years, far surpassing the average wage increases of 16%. The median price of a site-built home went from $254,900 in early 2020 to $366,900 in December 2022.

Manufactured Homes – Not “Mobile Homes” — Might be the Answer to U.S. Housing Crisis In the first half of last year, more than 50,000 manufactured homes were shipped across the U.S. – a 31% year-over-year increase, according to the latest numbers from the U.S. Census Bureau. The pace of shipments decreased in the final quarter of 2022, not surprising, considering the winter months...

https://www.jchs.harvard.edu/blog/comparing-costs-manufactured-and-site-built-housing?fbclid=IwAR2j3xv9j_E0V4aatOZAyIjBVrY1dCFnl5rbLEm87ZdK1alivgSMfMcwQRk

Comparison of the Costs of Manufactured Housing and Site-Built Housing by the Joint Center For Housing Studies of Harvard University.
"The Results of our analysis find that all three types of maunufactured homes continue to offer significant cost advantages over site-built housing."
Key takeaways:

1) The average price of a manufactured home was $108,100, compared to that of a site built home at $365,900. (excluding the cost of land)

2) On a cost per Square-Foot basis, manufactured homes are still found to be much lower cost, averaging $72 per-square foot, or just over half the site built home average of $144.

3) Since HUD Coded homes came into effect in 1976, reports of fire fatalities reduced to approximately the same rate as that of site-built homes- they were also more durable and more energy-efficient than there predecessors.

4) Appreciation rates are similar to those of site built home, although variations in rates differ depending on the degree of maintenance by the homeowner as well as location; however in cases when manufactured homes are not on owned land, the structures are generally found to depreciate over time, as any structure not permanently affixed would, and so do not offer opportunities for appreciation.

5) The results of the analysis confirm that manufactured homes offer significant cost advantages with single section and double section homes costing 35% and 60% less than that of comparable site built homes.

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Comparing the Costs of Manufactured and Site-Built Housing Across the US, homeownership is becoming increasingly inaccessible for low- and moderate-income households. While land costs are a driving force in th

https://ir.skylinechampion.com/press-releases/press-release-details/2023/Champion-Homes-A-Sustainable--Smarter-Way-to-Build/default.aspx

“We are making it possible for more people to buy a home that’s built better, built faster and is more attainable,” said Mark Yost, President and CEO, Skyline Champion. “We achieve this by providing off-site solutions that are more innovative, affordable, and sustainable for our customers and homeowners.”

To learn more about Skyline Champion’s ESG program, visit:

Skyline Champion Corporation - Sustainability

Champion Homes, A Sustainable & Smarter Way to Build® A Smarter Way to Build® reflects Champion Homes’ approach to building attainable homes. It encompasses the ease, timeliness, and value of the customer experience Champion Homes delivers, and it highlights how their homes are built with sustainable methods and materials, at or above code standards...