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Estimated Installation Cost: NOTE This is a price guide only. Actual costs will vary depending on specific site conditions and by region

The estimated installation cost includes the following*:

  • Setting the home that you selected onto your foundation or building pad (This assumes normal lot conditions and does not include any extra costs to maneuver the home to your building site or any crane rental fees)
  • Installing blocking or piers under the home and levelling the home with shims
  • Anchoring the home to your foundation with tornado and/or hurricane proof anchors
  • Insulating the marriage line and bolting the various sections of your home together at both the floor and roof lines (if there is more than one section)
  • Finishing roof venting and ridge cap shingles
  • Installing siding on the ends with house wrap (if you selected the house wrap option with your home order)
  • Installing soffit and fascia on the ends of the home for the complete exterior finish
  • Estimates to hook up to existing utilities (you will have to add the cost of a new septic, well, electrical service, and also driveway and etc as needed on your site)
  • Estimate to complete the inside trim and finish work

Notes:

Add for concrete If a concrete foundation (slab or crawl space) is required, add an estimate of $10 per Sq Ft of home to this price guide (if you don't have an actual quote)

Add for skirting (Not needed if home is on a crawl space)

Add for A/C if not an option included by your manufacturer

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Typical Investor funded projects

EXAMPLE # 1

 Project Cost                                                                $160,000

    Includes Land (40,000) + Home (90,000) + Home Installation (30.000)

LESS Buyer Down Payment                                           (20,000)

Balance                                                                         140,000

Management fee (10% of balance)                                14,000

Investor capital (70% of balance = 61% LTV)                 98,000

Home Nation capital (30% of balance)                          42,000

Net to Investor at Buyer’s loan closing in

approximately 90 - 120 days

(50% of Management fee)                                             $7,000

 

EXAMPLE #2

Project Cost(See VA loan pre approval here)                267,000

Less Buyer down payment                                             (1,000)

Management fee(@10%)                                               26,000

Investor capital (@70% = 63% LTV)                              187,000

Home Nation capital (@30%)                                         80,000

Net to Investor at loan closing in

approximately 90 - 120 days

(50% of Management fee)                                             $13,350

 

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AFFORDABLE HOUSING INVESTMENT PROSPECTUS

Please email Invest@HomeNation.com to request a prospectus of investment opportunities at Home Nation.  Regrettably, we are only permitted to offer our investments to accredited investors at this time.

You may also be asked to sign a NDA (Non Disclosure Agreement) and an AAI (Affidavit of Accredited Investor Status) form. 

 

Us
Can a Site-Built Home Really be LESS Expensive than a Mobile home? - Home Nation

Can a Site-Built Home Really be LESS Expensive than a Mobile home?

Figures are based on recent quotes obtained from a major manufacturer with multi-state Factory-Direct dealerships and approved financing from a major industry Lender

 

CASE STUDY: Sheila C-----, Davenport FL

 

FROM THIS:  PAYMENT: $1,484 / Mth… For a Mobile home

APPRAISAL: $220,000

EQUITY: (-67,000)

 

TO THIS:  PAYMENT: $1,352 / Mth… For a 300 Sq Ft larger Site Built home!

APPRAISAL: $350,000

EQUITY: $63,000 ($130,000 more than the Mobile home!)

Land address: —----------- Davenport, FL 33837

Cash down: 10k + property equity

QUOTE FOR MOBILE HOME FROM XXXXX HOMES AND XXX (Finance Company): 

Paid $112K for 1.75 Ac in June 2021.  Was getting a new 1500 Ft XXXX Mobile home (went up to $116K from 88 K since June 2021 to Jan 2022) “ALL IN COST $152,000” plus $23,000 Lender fees for a loan of $175K @ 5.5% 23 years with XXXX Lender.  

PYMT = $1,118/Mth + 250/Mth Taxes + 116/Mth Insurance = $1,484/Mth.   HAVE another $5K cash down, CAN BORROW $20K total (just paid cash for land!) FICO 738 him 760 her.

Dealer told them that home would take ANOTHER 8 MONTHS (they have already been waiting for 7) and they couldn't guarantee the price.

Property has Well Septic Electric.  Currently living there with an RV.  It is a MHP where everyone owns their lot.. some site built homes already around there

QUOTE FOR SITE BUILT CAT 5 HOME FROM HOME NATION AND NOVUS MORTGAGE:

Paid $112K for 1.75 Ac in June 2021.

Home Nation price for a 1792 Ft Site Built CAT 5 home: $190,000 all in with hook ups etc. Lender Fees = $19,000.  Loan 3.75% @ 360 Months 

PYMT = $967/Mth + 300/Mth Taxes + 85/Mth Insurance = $1,352/Mth 

Note: These numbers do not include the real savings on utilities because of the superior insulating properties of the CAT 5 Home.

Home Nation contractors can start the project within 90 Days.  Prices are guaranteed.  

Now let's be honest folks.  There is simply no comparison between a mobile home and a site-built home, especially a CAT 5 Home!  They don’t even really deserve to be on the same page….

 

But here we have it.  A Site-Built home that costs less than a Mobile home.

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