Frequently Asked Questions
What does using land as collateral mean?
Using land as collateral mean the lender can put a lien on the property in exchange for providing a home loan. This can be used as land in lieu- using your land as your down payment. The land would need to be appraised to see how ,such it is worth. Using land as collateral also means we can add land improvements into your loan so you don’t have to come out of pocket on them!
What are land improvements?
Land improvements are things such as septic tanks, wells, power poles, land clearing, etc.
Can I finance a home without using my land as collateral?
The answer is yes! Whether your home will be placed on private property or leased land, we have financing options for you?
Can I place my home on my family property even if I don’t own the land?
You don’t have to own land to buy a home! With the authorization from the land owner, you can place your home on someone else’s property with their permission.
Can I do land improvements if I am not using my land as collateral?
Typically we can not do land improvements unless you are using your land.
How much of a down payment do I usually have to put down on a home-only loan?
Down payments depends on your application. It varies based on your credit history and income. 5-10% is a common percentage that we see.
What is sales tax in a mobile home in Florida?
Sales tax on a mobile home is 3%. Fun fact, sales tax on a mobile home has always been 6% until July, 1, 2022, it was then reduced to 3%.
What are wind zones on mobile homes?
There are 3 different wind zones. Wind zone 1 cannot come to Florida. They are designed to be zoned for Georgia and northern states. Wind zone 2s are able to go to any wind zone 1 section and covers most of Florida except some of the coastal counties. Wind Zone 3 is the strongest wind zone and can go anywhere in the U.S. It is generally zoned and built for the coastal areas.
How much will my monthly payments be?
Monthly payments also vary on credit history and income.
Can we custom order a home if we want to change something about a home you have on the lot?
Absolutely! We have an array of interior and exterior color options in our office you can choose from.
Do appliances come with your homes?
Yes! Each home comes standard with a range-fridge-dishwashers.Some models also come with built in microwaves.
Do you all take trade-ins?
Yes we do as long as you have a title to it. Any age or condition!
Do you all sell used homes?
We do sell used homes from time to time as they come in.
Do you all have land and home packages?
If you have a particular lot in mind that you are wanting to purchase, we can combine the land and the home of your choosing in the financing together- we are licensed real estate brokers so we can help locate the land in the county of your choosing through our MLS system. (must get pre-qualified for us to help look for land)
What is a dirt pad foundation, and why do I need a dirt pad?
A dirt pad is needed as part of the mobile home’s foundation. The pad is usually construction of clay/sand mix. The pad is there to prevent water from collecting underneath the home. A moister barrier (black plastic) is then put on top of the pas to prevent any moister from coming into the home.
My property already has a septic tank. Can I share a septic tank with the other home on my property?
No, septic tanks cannot be shared with another household. Each home must have their own septic systems.
My property already has a well installed. Can I share my well with the other home on my property?
Yes, wells can be shared with another household.
What does a standard inground septic tank usually run?
Usually anywhere from $5000-$7000. Depends on how many bedrooms are in the home.
What is a mounded septic tank system?
If the soil is mucky and not suitable for an underground septic system, a mounded septic tank is needed to bring the septic tank out of the ground and good soil is brought in to cover the tank up. A mounded septic tank system costs much more than a standard tank. Ranges from $8000-$12,000.
How do we know if the tank will be in-ground or mounded?
We would need to complete a soil test which identifies what type of soil is in the ground where the system would be going. A soil test including the septic permit runs about $800.00.
Should a septic tank to be placed in the ground before the home gets delivered and set up?
No, septic tanks would be best to go in after the home has been set up to avoid potentially running over the tank. However, if we are replacing a home, we obviously don’t have an option and would just have to be extra careful when setting a home up.
What does a new well system usually run cost wise?
Wells range from $8500-$12,000 (or more) depending on how many feet you have to drill to get to the water source.
Is insurance affordable for a mobile home?
Insurance is very affordable and easy to get! Very common misconception that people that people think that insurance is very expensive and hard to get on a mobile home. Depending on home, annual insurance ranges from $600-$2000 a year.
Do we have to run our own building and planning permits?
No, our on-site staff run all of your building permits so you don’t have to! With a signed authorization form, we handle the hassle of obtaining the permits.