Financing Your Manufactured Home
Ask The Expert
How Do I Finance My Home?
The president of Temple Companies, Brian Temple, speaks on our Ask The Expert video series on the topic of financing a manufactured home with a land lease.
Most people move into one of our Temple Companies lifestyle communities to simplify their lives. We’ll help you reach that goal through worry-free financing.
Financing a manufactured home in one of our communities is easier than a traditional home mortgage. Because you are not buying the land you’ll receive a personal loan. This home is collateralized by only the home itself, making the process far easier then what you may have experienced in the past (when applying for a home mortgage). You can initiate the loan with as little as 20% down. And the term of your loan can be up to as many as 25 years. You should note too, that all the interest on the loan is tax deductible.
Another financial consideration is that you should consider is that you won’t pay any real estate taxes. Our sales representative for each of our Temple Companies lifestyle communities will assist you with all of our financing needs. This leaves you more time to concentrate on the fun parts of home buying such as selecting your features picking the perfect home site location.
Come see us and we’ll help guide you through the process. Check out our communities and stop in.