Mobile Home Loans

The Blue Book value of mobile homes is a numerical value found in one book. Earlier there were many books for this purpose, today there is just one – the NADA Manufactured Housing Appraisal Guide. Professionals use this guide to find out the value of a manufactured or mobile home.

 There are various rating parameters that are used to calculate a mobile home’s Blue Book value. These are model and size of home, age, geographical location and make. It is a good idea to get a professional appraisal even if you have this book at your disposal. The reason for this is that the formula for determining book value can be so complicated that it is easy for the layman to make errors.

Generally the Book Value for mobile homes and areas that are considered average can be easily determined. Due to the complexity of the process, I suggest using professional help. One other way to determine the value of your mobile home is to purchase such services from certain internet sites.

Knowing this Blue Book value is a great help if you are selling or even buying a mobile home. Lenders ask for the Blue Book value when taking a mortgage to purchase a home. If you do not want to use the services of an appraiser, use the internet services of online appraisal services. Knowing the value of a mobile home is a big help in the decision process of whether to buy or sell a home.