Private money lending is most often used form of financing, although many home owners use their bank or credit union.

At Lakeside Community our ultimate goal is for our residents to own their home “free and clear” with no payments. With over 20 years experience dealing with financing manufactured homes to guide us (we have seen what works and what doesn’t); we have implemented the basic parameters of each deal’s structure.

Down Payment – 10% minimum

Payment amount Lot fee = 25% or less of household take home pay

Length of loan – 7years or less on used homes 10 years or less on new homes.

Of course, some special circumstances do exist sometimes and exceptions can be made when those exceptions are warranted. But experience has taught us that when a deal structured outside these perimeters that usually the buyer becomes very unsatisfied with the slow progress of longer term loans.