Central Florida
Manufactured and Mobile Home Sales

Central Florida
Manufactured and Mobile Home Sales

Deciding what type of loan to get is a major decision in the mortgage process and The Thompson Team in Central Florida can help you with that decision because they have a knowledge of Lenders in Polk County and the Central Florida area. When you purchase a Manufactured/Mobile home in a Leased Land Community you do have mortgage options. However, not all Lenders will finance a home on leased land, but The Thompson Team will direct you to several that do! You will need to choose between a fixed rate mortgage and an adjustable mortgage. In addition, you will need to determine what type of loan term you would like.

Fixed vs. Adjustable Loan

If you are planning on moving in a few years, you may want to go with an adjustable loan, which will offer you a much lower interest rate. However, if you plan to stay in your home for a long time, it may be to your advantage to choose a fixed loan at a higher rate.

Fill out this form or call The Thompson Team at (863)325-8217 for their list of competitive Lenders and a Mortgage Specialist will contact you and help you determine which type of loan is best for your situation.

15 Year vs. 30 Year Home Loan

30 Year Home Loan
Advantages: Your monthly payments are low, since they are spread out over a long period of time. If you have low monthly payments, you also have the opportunity to pay additional money that would be applied directly to the principal. This could allow you the flexibility to have low payments if you are having any cash flow problems, but you could also pay the loan off quicker, which would save you a great deal of money over the term of the home loan.

Disadvantages: If you have the cash flow to consistently pay the extra money each month, you could do a 15 year mortgage, which would give you a lower interest rate over the term of the loan.

15 Year Home Loan
Advantages: You will get a lower mortgage rate with a 15 year loan compared to the 30 year loan. This will save you a great deal of money in interest.

Disadvantages: You will be required to pay higher monthly payments, which gives you less flexibility. If you have cash flow problems due to unforeseen circumstances, it may create problems.

You may also want to consult your Lender or a Mortgage Broker, to get additional advice on what loan term is best for you.

Get additional Home Loan Info.

If you would like information on VA Loans, you may go to the VA Loan Center or the offical VA Loan site. 


Remember when purchasing a Manufactured/Mobile home in a Leased Land Community in the Central Florida area, The Thompson Team can assist you with all your financing needs by calling them at (863)325-8217.