I am interested in buying a mobile home.?

Question

When the price is listed as 21,900, does that mean that what has to be paid before even moving in? and if so what is the lot rent for then?

Answer 1

You can get a loan for the mobile home, most of the time though you need 10 to 20 percent down on a mobile home and it's harder to get a loan for it. Lot rent is for keeping the mobile home there on the lot. The land isn't your land, it is owned by someone else.

Answer 2

The seller of the home doesn't care if you put $1,900 down and borrow $20,000 ....  or ..... you put $20,000 down and borrow $1,900.   As long as it adds up to $21,900.   Go to a bank and ask for a loan.  Or ask your family if they would loan you $21,900.  

You will own the mobile home but you won't own the land it sits on (in most cases).   You have to pay someone to use their land.  That is your "lot rent".   Later you can buy a lot and live on your own lot.