Has Anyone Purchased a Manufactured Home and Land?

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We were finally approved for a home loan with the option to build. So we're considering buying a manufactured home with a nice few acres to put It on, but we can't find out much on how that works, and a realistic price range. We would love to put it on a basement foundation. So our questions would be, how much did It cost for your electric hook up, well setup, basement (if you chose that), septic, etc. Also, when were your payments first due? Before everything was finished, or once your home was inspected and ready to move in? Thank you, for any insight you can give!

  6 answers
  • 2dogal 2dogal on Jan 14, 2018
    Yes I did. I bought the land and then I bought the doublewide. Paid cash for the land, then had the land combined with the home to be financed together. Find a place that sells mobile homes. Talk to them as that is the best way to do get all your questions answered.. Not a lot of mortgage companies will lend on a mobile - especially if it is financed without the land. Also there's not a lot of insurance companies that will insure a mobile.
    You can put the double wide on a slab, or use cement blocks rather than skirting. And yes, you can set it on a basement foundation.
    All the other costs will depend upon your location. You will also have to figure in local permit costs for the well and septic. Well costs basically depend upon how deep they have to drill. Septic costs depend upon what kind the county wants.
    Not trying to scare you - just do your homework, and you'll be fine.
  • Jewellmartin Jewellmartin on Jan 14, 2018
    The main reason it is hard to get the right kind of financing and insurance is that a manufactured/mobile home is treated as an auto. An auto loses its value starting immediately. If you borrow with the land and can’t make your payments, you lose it all, house and land. I suggest waiting until you have the money to pay all the deposits and hookups, plus a couple of months’ payments, plus 10-20% down on the house and land. And don’t forget furnishings, because that could cost 2000-10,000 $, depending on your taste. Add a few hundred dollars for incidentals like a new mailbox, filling the fridge and pantry, doing some minor landscaping, and adding porches and a driveway, as well as getting all the permits, plans and inspections. Unless your taxes and insurance are put into an escrow account with your payment, you also have to have the cash for that.
    But when you finish, you should have a nice home and land to use and enjoy. Best wishes ☺️
  • Bijous Bijous on Jan 14, 2018
    Manufactured (mobile) homes conform to a Federal building code, called the HUD code, rather than local building codes. Manufactured homes are built on a non-removable steel chassis. Manufactured housing is generally less expensive than site built and modular homes, but oftentimes decrease in value over time. Also it is ill advised to put a manufactured home over a basement without a structural engineer's involvement.
    Typical well can be $10,000; sewage can run the same. Slab and placement of home can be another $10,000 - $15,000. Plumber and electrical hook ups can run another $5,000 to $7,000. All told typically $50,000 to $70,000 to set up excluding the cost of the home itself. Good luck.
  • Shoshana Shoshana on Jan 15, 2018
  • Barb Barb on Jan 15, 2018
    We have a manufactured home. It’s no biggy. Go to a dealer/manufacturer for prices. You will be surprised at the options. They will lead you in the appropriate direction for foundation etc. They may even do foundation work. A slab with concrete blocks is preferable. The home can be bolted to the foundation. Then most insurance will insure as a stick built home. You need to shop and get prices on the home, then get prices on foundation and insurance, and only then go to your lender with all the figures. Good luck! We have never regretted our move to a manufactured home. Also consider that they are built indoors to the same specs as stick built homes out in the weather.

  • Rita Rita on Jan 15, 2018
    You have been given some very good advice here. I have done what you're thinking about doing twice. Although everything you have read here is correct I have found that it is not as difficult as it sounds. Do your homework and then find a good place to buy your mobile. They will help you get through the red tape. Remember it's not as difficult as it sounds. Good luck. Rita in Arizona.
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