What credit score is needed for Clayton Homes?
The credit score requirement will depend on the loan type. For conventional loans, you need a higher credit score of 680 or higher. FHA loans, on the other hand, are available to buyers with a lower credit score of 580.
What are the cons of buying a manufactured home?
Cons:
- Availability and cost of suitable land.
- Extra costs imposed by manufactured home community.
- Fewer choices and higher costs of financing.
- Fewer personalization options and amenities.
- Lingering stigma of mobile homes.
- Questionable long-term value;slower, if any, appreciation.
Do modular homes depreciate?
Modular homes appraise the same as their on-site built counterparts do; they do not depreciate in value.
Who is the largest modular home manufacturer?