Do manufactured homes depreciate?
Do manufactured homes depreciate? A disadvantage of buying a mobile home is that its value will depreciate quickly. Like a new car, once a mobile home leaves the factory, it quickly drops in value. One reason mobile homes depreciate in value is because they are personal property, not real property. What credit score do you need to buy a manufactured home? Your credit score, down payment amount and type of home and whether you're buying the land will affect the amount you pay. To qualify for low mobile home interest rates, make sure your credit score is at least 700....