How to Navigate the Manufactured Home Buying Process with VCM

Navigating the manufactured home buying process is an exciting journey, especially with Valley Community Management (VCM) guiding you every step of the way. Whether you’re a first-time homebuyer or looking to downsize, VCM offers a seamless and supportive buying process. In this blog post, we’ll walk you through the key steps involved in purchasing a manufactured home with VCM, providing valuable tips and insights to make your experience as smooth as possible.

Step 1: Initial Consultation and Community Tour

The first step in your home-buying journey with VCM is to schedule an initial consultation and community tour. During this visit, you’ll get a chance to explore the different communities managed by VCM, view available homes, and discuss your housing needs and preferences with our friendly staff.

• Tip: Make a list of your must-haves and nice-to-haves before your visit. This will help you and the VCM team narrow down the best options for you.

Step 2: Secure Financing

Financing a manufactured home can be different from traditional home loans, but VCM is here to help. We provide a list of reputable lenders who specialize in manufactured home loans. Here’s what you need to know:

• Get Pre-Approved: Before making an offer, it’s important to get pre-approved for a loan. This shows sellers that you’re a serious buyer and speeds up the buying process.
• Choose the Right Lender: Not all lenders finance manufactured homes. VCM’s recommended lenders include Credit Human, Triad Financial, and Priority Funding LLC​​. Compare rates and terms to find the best fit for your financial situation.
• Required Documents: Be prepared to provide proof of income, credit history, and details about the home you’re interested in.

Step 3: Make an Offer

Once you’ve found the perfect home and secured financing, it’s time to make an offer. Here’s how:

• Written Offer: Submit your offer in writing to the VCM office, either in person or via email. Include details such as the purchase price, deposit amount, and proposed closing date​​.
• Contingencies: Your offer should include any contingencies, such as residency approval and home inspection. VCM requires buyers to be approved for residency within the community​​​​.

Step 4: Residency Application

If your offer is accepted, the next step is to complete a residency application. This involves:

• Application Appointment: Schedule an appointment with the VCM office to complete your application. Bring necessary documentation such as valid identification, proof of income, and any required pet documentation​​.
• Background Check: VCM will conduct a background and credit check. There is a 5-day waiting period required by law before these checks can be completed​​​​.
• Application Fee: The application fee is typically $80 per person and is non-refundable after the 5-day waiting period​​.

Step 5: Closing the Deal

Once your residency application is approved, you’re ready to close the deal. Here’s what to expect:

• Closing Appointment: Schedule a closing appointment at the VCM office. During this meeting, you’ll review and sign all necessary documents, including the lease rules and regulations​​.
• Final Payment: The full balance for the home purchase is due at lease signing. Certified funds are required for this transaction​​.
• Title Transfer: The home will be sold on a vehicle title, not a deed. VCM will assist you in transferring the title through Penndot​​​​.

Step 6: Move In

Congratulations! Once the closing process is complete, you can move into your new manufactured home. VCM will provide you with a welcome package and answer any final questions you may have.

• Tip: Make sure to review the community’s rules and regulations to ensure a smooth transition into your new home​​.

Exploring the Benefits and Costs of Manufactured Homes

When considering a manufactured home, many buyers wonder about the costs and classification of these homes. In Pennsylvania, for instance, a mobile home is typically considered personal property unless it is permanently affixed to land you own, at which point it can be classified as real property. This distinction can influence your financing and tax obligations.

As for the cost, modular (manufactured) homes in Pennsylvania can range significantly, typically between $50,000 and $150,000, depending on size, design, and custom features. This makes them an affordable alternative to traditional homes, which is a significant consideration for many homebuyers. Nationwide, a new single-wide mobile home costs around $100,000, while a new double-wide ranges from $165,000.

Additionally, if you’re planning to sell mobile homes in Pennsylvania, it’s essential to know that a license is required. The Pennsylvania Department of State’s State Board of Vehicle Dealers, Manufacturers, and Salespersons is the licensing body for selling manufactured homes commercially, but a homeowner can sell their own. The Pennsylvania Department of Banking and Securities oversees the licensing process for in-house financing. Ensure that any company you buy from is appropriately licensed through the Pennsylvania Department of State’s State Board of Vehicle Dealers, Manufacturers, and Salespersons.

Final Thoughts

Buying a manufactured home with VCM is a straightforward process designed to support you at every step. From securing financing to closing the deal, our team is dedicated to making your home-buying experience positive and stress-free. Ready to start your journey? Contact Valley Community Management today to schedule your initial consultation and community tour.

For more information on financing options and the home-buying process, visit our website or reach out to our office at 610-262-8773 or office@valleycommunitymanagement.com.