Five Good Tips for Financing a Mobile Home

1.       Always consider taxes and insurance when budgeting your monthly manufactured home payment.  This is called “escrow” and is in addition to the principal and interest you pay.  When a lender quotes you a payment for your new home, ask if it includes taxes and insurance.

2.       When buying a manufactured home, start with as much down payment as you can afford.  Not only will you build up equity in your home faster, your monthly payments will be lower.

3.       Avoid teaser, variable  rate or balloon payment mortgages. 

4.       All banks will require you to have homeowners insurance.  Lenders have access to national insurance companies that specialize in mobile home insurance and will generally quote good rates, but don’t be afraid to shop around.

5.       Speaking of homeowners insurance, never let it lapse.  It will cost you a few hundred dollars to get your policy reinstated, if that’s even possible, and you’ll likely pay a higher premium.

Best advice: work with a reputable manufactured home seller like Hames Mobile Homes.  View our extensive selection of new and used mobile homes online and explore our financing options through our in-house loan company Circle Finance LLC (NMLS#366020).  Our knowledgeable sales staff can get you started today!  Contact us online, call us at (319) 377-4863 or visit us at 640 Marion Blvd., Marion, IA 52302.

 

 

  • "Hames made me feel like an important customer and I LOVE my new home!"

    - Wendy Oge

  • "Hope I can stay the rest of my life"

    - Betty Aegerter

  • "We owe a great deal to the spirit of the Hames family and their ideals and vision for the future of families desiring home ownership."

    - Clarice Fuller

  • "They went that one extra step to make sure the home was ready for immediate occupation."

    - Terrance and Patricia Himes

  • "We have a beautiful home that we will be sure to enjoy in the years to come."

    - Matt Lick and Jessica Church

  • "Hames tireless efforts to provide an option"

    - Clarice Fuller

  • "Loving our home"

    - Rick and Teri Cronbaugh

  • "Summit View is indeed all we could want for a home community."

    - Bill and Kitty Johnson

  • "One of the best decisions we made in our life was to buy a new mobile home from Hames."

    - Mary Croff and Kenny Selker

  • "I'll recommend "Hames" very highly whenever the opportunity arises!"

    - Leann Cannon

  • "We feel so safe in very pleasant surroundings."

    - Sherron and Dewayne Watkins

  • "We love our home and are proud of Grand View.

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    - Bob and Cindy Merkel

  • "The community manager is always available and willing to help in emergencies."

    - Agnes Whitlow

  • "Hames treated us fair and square and we were more than satisfied with the deal they offered us."

    - Vearl and Dolores Benskin

  • "I am pleased to live in West Branch Mobile Home Village."

    - Evan and Norma Watkinson

  • "Enjoy all the friendly neighbors

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    - Janet Kline

  • "Their friendliness is always welcomed "

    - Jack and Lois Livingston

  • "The staff was always there to answer questions or find answers for us."

    - Jim Blad

  • "We are very happy and comfortable in our new home."

    - Doug and Julie Morgan

  • "We are happy to be living in Grand View. Its such a nice quite place to live."

    - Ron and Jan Schuster

  • "We would be honored to recommend Hames to anyone."

    - Terrance and Patricia Himes

  • "All in all, we have never dealt with more considerate people than those in the Hames Iowa City office."

    - Clarence and Marjorie Salisbury

  • "It was very pleasant conducting business with a professional company and individual."

    - Deanna Dement

  • "I love living at West Park, the Managers are wonderful, always kind and congenial."

    - LaDonna Engle

  • "Summit View is a great place to live."

    - Emory and Frankie Sample

  • "We will continue to refer Hames to all of our friends and acquaintances we happen to come across!"

    - Lisa J. Potts

  • "There are a lot of companies that promise a wonderful service department, but Hames has proven it to me."

    - Lisa J. Potts

  • "Grand View is a clean, well-kept and safe community"

    - John and Doris Zahn

  • "This is the best business I have ever worked with"

    - Josh Ballard

  • "We are also very happy with the purchase and setting up of our home."

    - Bob and Jean Wild

  • "I have like living in the village because of the spacious lots."

    - Genevieve Angersola

  • "This is the first home that I have ever owned and I am so proud."

    - William P Manos

  • "I am pleased with my selection."

    - Deborah Schmitz

  • "Hames has such a great staff! They put so much time in helping us."

    - Kim Hulshizer

  • "How fortunate we are to live in such a kind and caring community."

    - Elizabeth Etten

  • "We moved to West Park Village in 1995, and have really enjoyed living here."

    - Dave and Mary Jayne

  • "What impressed us most was the prompt service "

    - Vearl and Dolores Benskin

  • "We have received high quality and friendly service from Hames' sales and service departments."

    - Dave and Irene Falkner

  • "We are very grateful to the Hames family for making our life happier in our golden years."

    - Emory and Frankie Sample

  • "Hames is truly a "family " company"

    - Steve and Deb Tyer

  • "I like living in Summit View Village because it is very much like a small town."

    - Mary E. King

  • "I have liked living in the village because of the spacious lots. "

    - Genevieve Angersola

  • "We look forward to our daughter growing up in this wonderful community

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    - Ronnie and Lizz Kascel

  • "We are so very thankful that we were able to move into a wonderful park."

    - Greg, Brenda and Jade Rawson

  • "It's always been a pleasant place to live..."

    - Denny Burrier

  • "Managers are caring and do enforce the easy-to-live-with rules, which creates trouble-free living."

    - Sherron and Dewayne Watkins

  • "Neighbors are friendly and so helpful."

    - Mary Craff and Kenny Silker

  • "We have been so very pleased with Hames and the services we received."

    - Charles, Barb, Justin and Shaelyn Sandersfeld

  • "One of my biggest dreams for my family was to own my own home and have a yard for my kids to just let loose and be kids."

    - Tara Tudeen

  • "We looked inside and my heart told me this is the one, and we got to buy it."

    - Sandra and Robert Ohlhauser

  • "We have safe places for kids to play"

    - Mary E. King

  • "Cleanliness of the homes "

    - Mary Craff and Kenny Silker

  • "Thanks to Hames for their patience, courtesy, advice and efforts."

    - Jack and Lois Livingston

  • "We were indeed impressed with our dealings with the Hames staff."

    - Clarence and Marjorie Salisbury

  • "Thanks to Hames for making it all possible for us!"

    - Chris and Mikki Balmer