What are the financing options available for modular homes?
An example of an AI chatbot conversation about financing options for modular homes.
What are the financing options available for modular homes?
There are several financing options for modular homes, including traditional mortgages, personal loans, and FHA loans.
Can I use an FHA loan for a modular home?
Yes, FHA loans can be used for modular homes, provided they meet certain criteria set by the FHA.
What about down payments? How much do I need?
Typically, FHA loans require a minimum down payment of 3.5%, but other loans may have different requirements.
Are there any special programs for first-time homebuyers?
Yes, many states offer special programs and grants for first-time homebuyers, including those purchasing modular homes.
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