Wednesday, September 21, 2011

Mobile Home Appraiser Reports Orders Are Up 600%

One of the leading MH appraisers for Northern California reports that appraisal orders for August have increased 600%, compared to August 2010.

Perhaps a contributing factor in this startling increase in sales activity is the fact that lenders for mobile homes in parks have dropped their rates considerably, and prices for used mobile homes have become very affordable.

As far as lending is concerned, the industry's new "floor rate" for MH's in parks is now 4.5%. As recently as 2006, the "floor rate" was 10.5%.

Now is the time to start looking at manufactured / mobile homes in parks.

Contact Dave Shanklin at Mobile Brokers Acceptance in Fair Oaks, CA for advice with financing.....800-401-3372, or 916-962-7128.