Protect Your Manufactured Home Investment
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Homeowners Insurance for Manufactured Homes
You've made a wise investment. Protect it with a comprehensive insurance policy from Bright Insurance Agency.
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Tenant Insurance for Manufactured Homes
Can you afford to replace all of your personal belongings? Tenant insurance is important coverage to have.
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New Home Limited Warranty
Peace of mind comes with a 7-year transferable warranty that covers the home structure, systems, and appliances!
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Pre-Owned Manufactured Home Service Plan
Eliminate costly repairs with a plan offering protection for major home systems with low deductible options!
Find The Right Home Loan
Find The Right Home LoanInterested in financing the purchase of your manufactured home? Sun has strong relationships with third-party lenders who specialize in in-community home financing. Trust us to help you find the right loan at the best terms if you are a qualified buyer.Talk To An Expert about Find The Right Home Loan
The Right Team. The Right Answers.
The Right Team. The Right Answers.Sun Communities has dedicated business development specialists who are licensed to discuss financing options with you. You'll find them knowledgeable and ready to answer questions about loan rates, financing terms, and other important questions you might have.Talk To An Expert about The Right Team. The Right Answers.
FREQUENTLY ASKED QUESTIONS
- Is a manufactured home a good investment?
Purchasing a manufactured home can be a solid investment offering many benefits, including the potential for lower upfront costs compared to traditional homes, lower property taxes and maintenance costs, and the flexibility of being able to relocate a home if desired. Sun Communities' manufactured homes can be found in excellent locations, offer quality construction and affordability that adds to appreciation potential. Do your research and assess your financial goals before making investment decisions.
- What insurance is required for a manufactured home?
Financed manufactured homes require homeowner's insurance that protects the residence, owner and lender, but homeowner's insurance is strongly encouraged for any homeowner or renter. Policy coverage varies, and may include coverage for specified disasters or accidents, liability coverage that protects the homeowner from unexpected litigation, and personal property coverage on belongings inside the home. Some states also require flood insurance. Consult with Sun's insurance partner, Bright Insurance Agency, to assess your individual coverage needs.
- Can you finance a manufactured home?
Financing is definitely for manufactured homes, and is often referred to as a chattel loan, given the home is not financed with, nor tied, to the land it sits on. Financing will depend on the borrower's credit score, employment, the age of the home, and other factors that vary by lender. Researching options and comparing lenders is wise guidance toward finding the best financing solution. Contact a Sun Communities sales representative for our lender options and available rates.
- Can you get an FHA loan on a manufactured home?
FHA has a program that lets loan applicants obtain financing, but might require downpayments, proof of income and specified debt-to-income ratios permit the loan to meet FHA rules. Typically, this financing is not utilized for homes financed in communities, but the FHA website offers an informative loan guide and can provide additional information for those interested in this type of financing.
- Do manufactured homes build equity?
Manufactured homes often build equity over time if the residence is well-maintained and located in a sought-after city and/or neighborhood. The appreciation potential of a manufactured home is dependent upon numerous factors, including but not limited to quality of home construction, maintenance/upkeep, community appeal, and the location where the home is situated. Sun Communities suggests researching the market and consulting with professionals when making any home investment.
- Don’t Take it From Us. Hear From our Residents.
"WE BOUGHT A BRAND-NEW HOME, AND IT WAS THE BEST DECISION WE EVER MADE."