Financing

Most lenders require 10–20% down. When buying a manufactured home, we recommend you start with as much down payment as possible.  Not only will you build up equity in your home faster, but your monthly payments will also be lower.

At Hames Homes, lot rent is a monthly fee that covers the lease of the land your home sits on. The amount varies based on the specific home and the size and features of the lot. This fee includes services like trash removal, road upkeep, stormwater management, and access to community amenities, all managed by our on-site team.

Even with these services, lot rent is typically more affordable than the property taxes and maintenance costs associated with owning land in a traditional housing setup.

No. Lot rent is paid separately to the park or landowner

Yes, you’ll need manufactured home insurance, which is like homeowners’ insurance but tailored to the structure and community requirements. Hames offers competitive insurance rates, and we’d be happy to provide you with a quote.

Our lenders are generally in the 10-20 years range, depending on each borrower’s underwriting.

Closing costs vary from bank to bank. The Hames sales team will help navigate the process and ensure you understand all the costs for the sale or paid to the lender.

You’ll need to pay off the remaining balance at closing, either through the sale proceeds or by covering the difference yourself.

You can potentially expect appraisal, title, and recording fees, but reputable lenders disclose these upfront in your loan estimate. All these will be in writing and available, not hidden.

It’s important to begin with the loan application so you know the price range of manufactured homes you should be researching. This requires information about your income, down payment, and credit. Apply online or make an appointment with Curtis or Clint at (319) 377-4863 to apply in person.