How do I borrow funds from my 401k to buy a manufactured home?

Full question:

I am purchasing a manufactured home from an individual and placing it on my property. I need a form to submit to my 401 program for borrowing funds to buy a home. The manufactured home is considered a trailer until it is on the foundation. I need to have a purchase and sales agreement with both of our signatures. It is a trailer but it will be turned into a home once it is placed. Make sense?

  • Category: Real Property
  • Subcategory: Sales
  • Date:
  • State: Idaho

Answer:

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FAQs

Yes, a manufactured home can be added onto, but there are specific regulations that must be followed. These regulations can vary by state and local zoning laws. You may need to obtain permits and ensure that any additions meet building codes. It's advisable to consult with local authorities or a contractor familiar with manufactured home regulations before proceeding.