Home Buying Guide 101

FMHA knows that the home buying process can be overwhelming and taxing. We are here to help ease the process and aid you with the proper knowledge to make the most informed decisions. Our Home Buying Guide includes more than just layers of information – this resource equips you with tools such as finance calculators, interactive maps, and key contacts to help launch your home buying process into action with ease.

Back to the Basics

home buying guide

You wouldn’t buy a brand-new car without researching it first, right? It takes careful consideration and background knowledge to prepare you for your decision. Buying a home is no different. We want to provide you with the essential foundation to start your home buying journey. To make an educated decision, you should have a basic understanding of hand-built homes to ensure a smooth experience. The starting point of our Home Buying Guide is just that – a brief overview, a dash of history, the economic benefits and the reasoning behind why manufactured housing is the most affordable option.

Know the Lingo

modular home being constructed

You’ve heard the term “modular home” and “manufactured home” – but what’s the difference? We explain the similarities and differences between modular homes and manufactured homes right here. It boils down to the nuances of how these houses are built and the mobility of the home once brought to the site. It’s important to understand these differences to know which style of home is the best fit for you.

That’s So 1976

modular home being constructed

Don’t let common misconceptions steer you away from affordable and viable housing options. We understand there’s a stigma around the term “mobile home”, so let us bust that myth for you. Did you know that mobile homes are a thing of the past? We are dedicated to clarifying the differences between mobile homes and manufactured homes to eliminate any confusion or preconceived notions. Although mobile homes and manufactured homes share a history, the date they were built and the enactment of the HUD code are two key factors that set them apart.

We Have High Safety Standards – So Should You

qualified safety professional

Safety comes first! One of the most important factors to consider when embarking on your home buying journey is safety. We lay out the hard facts about the security of manufactured homes. The bottom line is that manufactured homes are safe – especially against fires and hurricanes. In fact, in 2014, an IBHS test proved that manufactured homes performed better in high winds than site built homes. Learn more.

Location, Location, Location!

picking out a location

Where you choose to purchase a house is almost as important as the house itself. Florida is made up of 65,755 square miles, 67 counties, 633 miles of beach, and over 1250 golf courses – so we understand that picking the perfect location may feel daunting. Luckily, there are hand-built homes available everywhere from the panhandle to Miami. Our Home Buying Guide elaborates on the different communities available and how they can accommodate your lifestyle. The guide also provides links and resources to connect you with the right people to move forward, such as this list of service providers.

In addition, we include an interactive map of Florida to help make the location selection easier. If you already know the exact area where you’d like to live, there is an option to type in the specific town you are looking for. If not– don’t fret, simply hover over areas of the map and explore what is available in those regions.

Let’s Talk Numbers

money in hand

Mortgage payments, requirements, and loan terms differ from house to house. We are geared to help point you in the right direction. The average down payment for manufactured housing is 5 to 10 percent and loan term length is 15 to 30 years. Also included is a mortgage calculator, which is a great tool to help figure out where you stand financially.

Hit the Ground Running

happy couple

After breezing through the Home Buying Guide, you will be armed with all the necessary information regarding hand-built home buying – now it’s time to take action! The first two major steps of the home buying process are first, figuring out your price range and secondly, where you want to live. So, what are you waiting for? Now is the time to master the home buying process and find the perfect home for your needs.

FMHA is here to do some of the heavy lifting so you don’t have to. With our Home Buying Guide, we want to help you make an informed decision when it comes to buying a home – because it’s a big one! Learn more about our hand-built homes, and be sure to follow us on Facebook, Instagram & Twitter to stay up to date with the latest industry trends.