Manufactured housing = cost-effective living!

Manufactured housing = cost-effective living!

Contrary to what you might have heard, financing a mobile home is generally no more difficult to obtain than financing any other home purchase, plus there are many special tax and savings benefits.

Here are a few $$ savings:

  • In most instances you can deduct all the interest you pay on the loan for your manufactured home on your federal tax return.
  • You may also deduct the interest you pay on your site rent, up to $3,000 on state taxes. (That’s in addition to a federal tax write off.)
  • You build up equity quickly on a manufactured home. That’s because most mortgages for manufactured homes are 8-15 years (rather than 20-30).
  • At Rose Lake Estates, your real estate taxes are paid for by the community — individual homeowners only pay personal property taxes. That’s another savings over someone paying typical real estate taxes on a traditional home of similar size.
  • Additionally, those living in a residential mobile home community who keep their homes up and are located in a well maintained community like Rose Lake Estates, generally get their home investment back when they resell. (Naturally, market conditions at the time of purchase and the time of sale factor in.)

Have a question about mobile home financing? Give us a call. If we can’t answer your questions, we’ll make sure to put you in touch with someone who can! Call us at 317-485-6447.