How to buy

Couple smiling and holding a gold charm in the shape of a house signifying their home purchase

Home buying tips

Buying a home is not something you do every day. As you might imagine, it is a process of steps. By understanding the process, you can be prepared and help move the process along faster. Knowledge is power and you want to be a POWER BUYER.

The process

Determine how much you can afford

You NEVER want to be house poor. In other words, paying so much for your house that you have no money left for other things. The best way to prevent this is to understand how much house you can buy. Some would say that you never want your monthly payments to be over 40% of your monthly gross income. For example, if you are making $4,000 a month in wages, your home payment should not exceed $1600 a month. Work with your loan officer to see how much house is the best place for you to be. Then when you go in to select your home, you will know your maximum price.

Know your credit score

Your credit score is an important part of getting approved for a loan – but not the only thing. It’s true that the better your credit score is, the probability is better of securing a lower interest rate and a better term. If your credit score is lower, you may be asked to come up with a larger down payment, and/or be approved with a higher interest rate. By knowing your credit score and working to improve it or maintain its high level, you will be in control of your application and more likely to get approved.

Know where you want to live

It will always help if you shop for a home knowing where you want to live. Many times a retailer can help you find land if you do not already have land of your own. Sometimes, the house will be ready for you to move into, in your perfect location. And if you want a lifestyle in a planned manufactured home community, the community itself may have homes ready to move in to or refer you to an affiliated home center that can help in the selection.

Choose the perfect home

Ultimately though, the home must fit YOU. The process is just that – a process. The more you know what is supposed to happen, the more control you have. Manage your financial well-being and realize the lifestyle you want – and can afford.

Find your new home today

Discover and explore the benefits of manufactured homes. See why prefab homes are the #1 choice for so many Americans today. When you’re ready to start shopping, browse homes, retailers, and communities in your area.