Buying A Home
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XP: Housing options

So my husband and I are living with my mom right now to save for a down payment....I'm 23, he's 24 and we have an almost 3 month old. We are planning on ttc LO2 in April. Our price range for buying a home is $150,000. For building it may be different.

Basically we have three options: Buy, build, or buy a manufactured home. 

We went and looked at a 15 year old manufactured home that had 20 acres of land with it for under 150K. It was a piece of crap (the pictures online made it seem like a much nicer place). I am wondering if the ones they build now are definitely much nicer. I'm sure they are, but I'm wondering what the differences are now. Does anyone live in a manufactured home that is less than 5 years old?

Any advice is welcome! TIA! :) 

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Re: XP: Housing options

  • Are you getting a mortgage loan to assist in your home purchase?

    If so, something to keep in mind is that many mortgage lenders do not do loans on manufactured homes. This may limit your lending options.

  • I am not sure what you mean by a "manufactured" home. Can you provide an example?

    As a general statement, with any product, it all depends on who built it, their internal quality controls, etc.  Some companies do better jobs than others. No matter what you purchase, do your homework, know the right questions to ask and things to look for, and never rush into a decision. And with housing in particular, hire a good, unbiased, meticulous inspector who will go over the property with a fine toothed comb.

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