What is a Chattel Loan Exactly?

What is a Chattel Loan Exactly?
February 12, 2024 | Home Loan Process

Welcome! When it comes to financing options for your home, it can feel overwhelming to find the right options for you. Luckily, if you’re purchasing movable property like a manufactured home, then chattel loans can provide a quick and easy solution to your needs as a future homeowner. This guide aims to provide a detailed… Read More »

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What credit score do I need for a chattel loan?

What credit score do I need for a chattel loan?
| Credit Score

If you’re looking into buying a manufactured home, one of the most popular options available for potential homeowners is a chattel loan. Unlike conventional mortgages, chattel loans are secured by the property itself, which can be repossessed if the loan isn’t repaid. For those considering a manufactured home, understanding what credit score you need for… Read More »

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The History of Manufactured Homes

The History of Manufactured Homes
January 26, 2024 | CIS Home Loans

Manufactured homes stand out as a smart solution for affordable housing, offering a viable alternative to traditional single-family homes. Over the years, these homes have undergone significant changes, both in appearance and functionality, while maintaining a consistent purpose and demand in the housing market. Let’s dive into the history of manufactured homes, exploring their origins,… Read More »

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What are the benefits of living in a manufactured home community?

What are the benefits of living in a manufactured home community?
December 21, 2023 | CIS Home Loans

Living in a manufactured home community can offer several benefits, including: Affordability: Manufactured homes are generally more affordable than traditional stick-built houses. Living in a manufactured home community allows you to enjoy homeownership at a lower cost, making it an attractive option for people on a budget. Sense of Community: Manufactured home communities often foster… Read More »

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USDA Manufactured Home Loans

USDA Manufactured Home Loans
December 11, 2023 | CIS Home Loans

Home loans insured by the United States Department of Agriculture (USDA) provide numerous benefits for borrowers and help open the door to homeownership for many Americans in qualifying rural areas. The Benefits of USDA Loans The USDA guarantees all loans against default, allowing lenders to take on greater risks and offer homebuyers more favorable loan… Read More »

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How to Put a Manufactured Home on Land

How to Put a Manufactured Home on Land
October 24, 2023 | CIS Home Loans

Manufactured homes are a great option for individuals, couples, and families who want to make their dream of homeownership a reality. You may want to add a manufactured home on land you already own or wish to purchase. However, you will need to meet specific requirements and acquire the necessary permits before placing a manufactured… Read More »

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Tax Deductions for Manufactured Homes

Tax Deductions for Manufactured Homes
September 18, 2023 | Homeowner Tips

Manufactured homes are an attractive and affordable housing option for many individuals. Whether you buy one for your land or another location to rent out, these homes can be a great investment opportunity. As long as your manufactured home has sleeping, cooking and toilet facilities, the IRS Publication 936 considers it a “qualified home.” As… Read More »

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