• If the floating home is listed for sale at an asking price of under $150,000, it very likely could be the case that it does not have a float that would be in good enough shape for the house to qualify for financing in its current condition.
  • Banks/Lenders will not lend on a floating home if the float is in bad condition.
  • Approximately 10%-30% of the floating homes listed for sale must be bought with CASH ONLY, not with a loan.