Manufactured Homes and Selling to Different Generations


Manufactured Homes

Just a reminder...I am able to finance (and provide re-finances) for manufactured homes! I have both FHA and conventional financing available. I have one now that the appraisal came in $30,000 OVER what we expected...just in the mood for some good news :-).

Some of the parameters are:

  • FHA; 3.5% down payment
  • Loan Limits: Lesser of $417,000 or maximum FHA county limit
  • FHA is primary residence ONLY
  • Purchases for primary and as SECOND HOMES
  • Cash-out refinance available, primary and second homes
  • Rate and Term refinance
  • Minimum loan amount is $50,000
  • Minimum credit score is 660
  •  NO single wides, leaseholds or units in condo projects
  • gifts for down payment and reserves not permitted
  • Unit must have been built after August, 1976

These are some of the underwriting highlights. Call my for details on your specific client or listing.

I also offer marketing material on your qualified manufactured home...again, call for specifics.



I Offer the Following Home Financing Options

  • Home Path Loans, 3% Down
  • Manufactured Home LoansFHA & Conventional Financing
  • Investor "Flip" Loans
  • Conventional Loans
  • FHA Loans
  • VA Loans up to $1.5 MILLION!
  • Jumbo Loans
  • Second / Vacation Home Loans
  • 1 - 4 Unit Investment Properties

Generational Diversity

We have 4 generations in the workplace today. Pre-Baby Boomer, Baby Boomer, Generation X and Generation Y. Depending on the generation you where born into determines your views and opinions of how you see the world. Some examples of what one's generation impacts would include; our approach to work, our view of authority, how technologically savvy one is and the expectations of others. Keep in mind, some traits are associated with age as well as generation. A key point to keep in mind, generation is one dimension of diversity. Other major dimensions of diversity, for example, would be race, where one grew up, religion and age. Subsequently, it is unfair to say "all" or "always" when speaking about generational diversity. Not all baby boomers where hippies, for example. Rather, there are some generalities in each generation to be aware of. The pre baby boomers are more likely to live to work, whereas the generation X'ers are more likely to work to live...think about that one! 

Another factor is that each generation is influenced by other generations. One hundred years ago, and it was rare a child would grow up, go to college and leave the area they were born into. Today, it has become more common for a child to leave to go to college and perhaps go to another country to work. Subsequently, the Generation Y person is influenced differently today than the Pre -Baby Boomer did when they were growing up.

Most importantly is the awareness that different generations exist. Selling real estate to four different generations, regardless of what generation you as a REALTOR fit into, can be as rewarding as it can be challenging. Too often we try to get the other generation to see the issue (how they buy or list a home) as we do instead of valuing the way they see the issue and asking ourself what's required to have a good relationship. The foundation to building and having a good relationship is increased communication between parties. Valuing and respecting similarities and differences builds many bridges that can lead to successful and rewarding relationships. Not to mention we all have a lot to learn from each other, regardless of generation or age. 

Jim Hostler
Senior Mortgage Loan Consultant

Lenders Direct
a division of Gateway Business Bank

Direct: 928.225.7418

Fax: 928.527.7943

NMLS #6410200021



This is not the opinion of Brad Bergamini, Realty Executives Northern Arizona or any of its affiliates.  This post is for informational purpose only and is not guaranteed and does not render as legal advice.  Buying and selling Real Estate in Arizona or Prescott Arizona is a serious task and should be consulted with personally with Realtor or Real Estate Attorney.  Please visit my website for contact information or