The manufactured home buying process can be confusing at times. We are here to assist you with all of your questions and concerns. Below is some information that you may find helpful when making your manufactured home buying decision.

Property can be owned, owned by family or friend, or leased
We have lots available for lease or purchase
Always check zoning requirements for your county or city
Make sure utilities are available to your home site
In some cases, your home can be placed in a flood zone
If you are not on community sewer, you will need an approved Waste-water Treatment System. We have a list of preferred contractors if needed
The State Fire Marshall has site prep requirements for manufactured homes. For a diagram of these site prep requirements, please click on the link to the side
We will do a site inspection to assist you with site preparation and accessibility

At Magnolia Estates, we have fifteen different banks and lenders that we can use. Our sales staff will work hard to get you the best rate available for manufactured home financing. There are many types of home loans. Below are explanations of the most common.

Chattel or Home-Only Loans

Chattel loans for a manufactured home are not affixed to real estate. This means that this is a personal property loan for a mobile home. This loan is most common when the home is located in a mobile home park, on family land, on leased space, or even when it is located on your land, providing you are not affixing the land and home together in the loan.

Land and Home Loans or Conventional Mortgages

When you finance your home and land together you would use this type of loan. For example, you are purchasing land and a home and would like to finance them under one loan.

Land-in-Lieu Loans

With this type of loan, the bank will give you down payment credit for the equity in the land that YOU own. In order to use this type of loan, the land must be owned by you and in your name.

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