Can I get private mortgage insurance on a mobile home and land? Mobile home is pretty much depreciated as far as it can?

Mobile home is pretty much depreciated as far as it can My fiancee and I don't have 20% down we can get 10% in a pinch the asking price is 62,500 for house and land. Asked by theladyascendant 18 months ago Similar questions: private mortgage insurance mobile home land Mobile pretty depreciated Business > Financial Services.

Similar questions: private mortgage insurance mobile home land Mobile pretty depreciated.

1 You can get insurance on almost anything. Actually, there is mobile home insurance. But you can't get insurance on the land, only on the mobile home.

If the home is destroyed, the land is still there. This is the same way with permanent homes. Only the home is insured, not the land.

I'm not exactly sure what you're asking, however. Is the mortgage company trying to sell you expensive mobile insurance? Definitely find an independent agent who can shop to find the best insurance for you.

You can get insurance on almost anything. Actually, there is mobile home insurance. But you can't get insurance on the land, only on the mobile home.

If the home is destroyed, the land is still there. This is the same way with permanent homes. Only the home is insured, not the land.

I'm not exactly sure what you're asking, however. Is the mortgage company trying to sell you expensive mobile insurance? Definitely find an independent agent who can shop to find the best insurance for you.

2 No, no, private mortage insurance is special insurance that a bank requires if you have less than 20% down. I'm wondering if it's possible to get it because mobile homes are different that regular homes. Home appreciate, mobile homes depreciate.

No, no, private mortage insurance is special insurance that a bank requires if you have less than 20% down. I'm wondering if it's possible to get it because mobile homes are different that regular homes. Home appreciate, mobile homes depreciate.

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