Manufactured Homes

Today’s manufactured homes can deliver outstanding quality and performance at prices ranging from 10 to 20 percent less per square foot than conventional site-built homes. These savings allow more and more Americans to own their own home, even in the face of an ever-widening housing affordability gap.

The affordability of manufactured housing can be attributed directly to the efficiencies emanating from the factory-building process. The controlled construction environment and assembly-line techniques remove many of the problems encountered during traditional home construction, such as poor weather, theft, vandalism, damage to building products and materials, and unskilled labor. Factory employees are trained and managed more effectively and efficiently than the system of contracted labor employed by the site-built home construction industry.

Much like other assembly-line operations, manufactured homes benefit from the economics of scale resulting from purchasing large quantities of materials, products, and appliances. Manufactured home builders are able to negotiate substantial savings on many components used in building a home, with these savings passed on directly to the homebuyer.

Manufactured Homes

Today’s manufactured homes have experienced a major evolution in the types and quality of homes being offered to buyers. Technological advances are allowing manufactured home builders to offer a much wider variety of architectural styles and exterior finishes that will suit most any buyer’s dreams, all the while allowing the home to blend in seamlessly into most any neighborhood. Two-story and single-family attached homes are but two of the new styles being generated by factory-built innovation. As a result, today’s manufactured homes are offering real housing options for the neglected suburban and urban buyers.

At the same time, greater flexibility in the construction process allows for each home to be customized to meet a buyer’s lifestyle and needs. Interior features now include such features as vaulted ceilings and working fireplaces to state-of-the-art kitchens and baths, giving the homebuyer all the features found in traditional, site-built homes. Enhanced energy efficiency in manufactured homes, achieved with upgraded levels of insulation and more efficient heating and cooling systems, provide another source of savings for homeowners, especially in this era of rising energy costs. Smart buyers are turning to Energy Star-labeled manufactured homes for substantial savings in many aspects of owning and operating a home.

Technological advances, evolutionary designs, and a focus on delivering quality homes that families can afford are the driving forces within the manufactured housing industry. That’s why more people are turning to manufactured housing to deliver homes that fit their needs and wants, at prices they can afford!

Should I find my land before I buy my manufactured home?

When looking to buy land and home together, many people will ask a common question?

“Should I find my land first?”

Depending on who you ask, you’ll get a variety of answers. Here is a process that we have seen work well…

Step 1) Consult with a Housing Specialist.

You’re going to have questions. LOTS of questions. Seeking the advice of a housing specialist you trust can really work wonders. A good housing specialist will be knowledgeable about houses for sale, and have some insight into land costs in the area you are looking.

The housing consultant will also talk with you about your budget, to ensure you are getting the most house for your money.

Step 2) Find a house that fits ALL of your needs.

Your housing consultant will take into account your housing needs, including your budget, and show you a list of homes that may work for you. You may see a large number of homes, so find the one that fits your family the best.

Tip: Resist the urge to ask for customization to your floor plan. When you ask for a special change from the manufacturer, you are basically asking for a home that is a prototype. And prototypes are always riddled with problems. The builder engineered that floor plan for a reason, so stay within the options list available.

Step 3) Get an approval from a lender.

This is where most people mistakenly start shopping for land, and it’s a common misstep. Before looking for land, have your housing consultant submit your offer to buy your home to a lender for approval. This is wise for several reasons:

  • a) You now have a land budget: The lender will tell you how much they are willing to lend you for your land purchase up front. It will look something like this:

          Land / Home Loan Value:    $150,000
          Home Price:                        $109,000
          Land Allowance:                   $41,000

Now that you know you have $41,000 available to buy land, your land search has become much easier!

  • b) You now have buying leverage: Land owner get offers to buy their land all the time from people with no real ability to buy. When buyers show up with an approval from a lender proving their ability to buy, land owners take them more seriously, and are far more likely to cut a deal to get their land sold!
  • c) You are not locked into anything: An approval from a lender is not a binding agreement just yet. The lender is merely giving you their terms to issue you a loan for the house you have chosen. You are not required to accept those terms if they are not attractive enough to you, and any deposit money you have made to start the buying process is fully refundable.

Step 4) Shop for land!

Now that you have your lending offers squared away, it’s time to go out there and find your land that will become your homestead. Happy hunting!

Image Credit: Richard Nolan

Got Questions?

We’d LOVE to hear from you! Fill out the form and we’ll send you all of the information on your favorite floor plans!

* Indicates Required Fields

What Are Low-E Windows? Are They Worth Having?

What Are Low Emissivity Windows?

Low Emissivity windows (commonly referred to as ‘Low-E’ windows) are windowpanes that are covered in microscopic layers of metallic oxides. This coating is invisible to the naked eye. By design, the coating protects your home from unwanted UV rays while allowing natural light to pass through it. The reflection of UV rays into your home helps prevent the burning of skin and the fading of carpet and furniture.

Low-E windows also help keep your house warmer in the winter (by reflecting certain sun rays back into the home), and cooler in the summer (by reflecting similar rays outside the home). This can dramatically lower the costs for both heating and cooling your home.

The science behind Low-E Windows is fascinating. And, as technology behind the windows advances, they will become more and more common in new home construction.

But are they worth the investment? According to HomeAdvisor.com, “Low-e windows are definitely worth the investment…these glazes can save you some serious money down the road”.

Got Questions!

Click here and we’ll get in touch with you right away!

Image Courtesy of VitroGlazings.com

Despite Materials Price Increase, Oak Creek Delays Price Hike.

Building Materials Price Increase

Price Increase Delayed to Sept 22nd

In response to demand for housing to aid those affected by Hurricane Harvey, Oak Creek Homes has decided to delay price increases on new manufactured homes.

As #HurricaneHarvey approached the Texas coast, many industry leaders feared a price increase from building material suppliers. Sure enough, within hours of the storms passing, Oak Creek Homes was notified of a price hike for lumber, steel, sheet-rock, and other materials used in hour Heavy Homes.

In an effort to keep new homes costs as low as possible, Oak Creek Homes implemented a retail program, delaying the price increase for all new homes to September 15th.

That date has been pushed back ever further, and is now set at September 22nd, 2017. All homes ordered by September 21st will be spared the price increase.

Chuck Carney, President of Retail Operations says, “We (Oak Creek) cannot control the market prices of our building materials. What we can control, to a degree, is our ability to insulate those higher prices from our coastal residents for as long as we possibly can.”

The estimated price increase, when enacted, will add roughly $1.90 per square foot to home prices.

*Some exclusions apply. Contact your local Oak Creek Homes center for more details.*

Oak Creek Homes – Hurricane Harvey Update

Payers for Texas after Hurricane Harvey makes landfall

Oak Creek Homes – Hurricane Harvey Update

Thankfully, we are OK and are working to get back on our feet! Oak Creek Homes is a League City- based company (just south of Houston), and extreme weather is nothing new to us. Hurricane Harvey, however, is truly unprecedented in its strength.

The safety of our employees is a top priority. All are safe and accounted for, though many have been kept away temporarily due to flooding. To any customers in the coastal areas, we are wishing you the best and are happy to help in any way.

Our Texas manufacturing plants are located just south of Dallas and in Fort Worth. They are unharmed by Harvey and are operating at their regular production rate. This leaves us prepared for our usual role in the Government’s storm-recovery programs.

We have already been told by a number of suppliers that prices are about to increase due to storm demand. Whatever window we have at buying materials (and selling homes) at existing prices may close quickly. This is an unfortunate reality after any major storm.

Business in non-storm affected areas is normal. Our operations in the rest of Texas as well as Oklahoma are selling and delivering homes as usual. We are day-to-day in coastal Texas and South Louisiana.

Oak Creek Homes appreciates your business and patience! We will keep you posted on our progress and wish you all the best. From our 47 years in business, we know that you can’t keep Texas (or Texans) down!

[Original Image Credit: kut.org]

Add $5,000 in Home Value by Painting Your Bathroom This Color…

Decathlon (Model 6378) by Oak Creek Homes

Add Heavy Value To Your Home by Painting Your Bathroom Blue

Years ago, we were told by industry experts that neutral color paint was the way to go when marketing your home. The idea was that using beige and white colors would appeal to the mass of potential buyers. But recent data points to painting your home using bold colors to maximize your home’s value.

Namely, it’s the bathrooms where bolder colors produce the most value. According to Zillow.com, homes with bathrooms painted in light shades of blue, such as sky blue and powder blue, sold for more money…an average of $5,440 more. Interestingly, Zillow found homes with white/neutral bathrooms sold for over $4,000 less.

Other blue-clad rooms get a good response from buyers, too. According to an article in Money, buyers pay, on average, $1,856 more for homes with blue colored bedrooms. Further, homes with dining/family rooms in shades of slate and navy blue sold for about $2,000 more.

The best part is, painting is cheap and easy. You can call in pros, or do it yourself. Either way, you’ll likely realize more money at the closing table with a bold, yet cost effective, color choice!

Check Out the Oak Creek Homes Design Center for new ideas!

Lumber Cost On The Rise.

High Lumber Costs are about to Get Higher

If you’ve got your heart set on a new home, prepare to pay more (an average of $1,236 more according to an estimate from the National Association of Home Builders). The soaring lumber cost and widespread labor shortages are impacting the residential construction market. Lumber prices, already at record-high levels, are on their way up.

Steadily Rising Costs

Random Lengths is a subscriber-based, independent organization that provides weekly reports on wood products pricing. According to the April 28 report, the cost of oriented strand board (OSB) lumber reached 4-year highs. OSB is used extensively in residential construction. The current FOB mill composite price (the price directly from the mill, without any added freight costs) is $426. This is up $68 from the same period last year.

The report also noted that the April 28, 2017 framing lumber cost (spruce, pine, fir) was up significantly from April 28, 2016. Analysts speculate that lumber prices jumped 22% during the first quarter of 2017 based on just the anticipation of a tariff on imported lumber. Now that the tariff is a reality, prices will continue to soar for the foreseeable future.

Trump Administration Cracks Down on Canadian Imports

Lumber imported into the United States from Canada accounts for about 30% of the softwood lumber used to build U.S. houses. On April 24, 2017, the Trump administration announced new tariffs averaging 20% on those imports. This new tariff will be collected retroactively 90 days prior to April 24th. These taxes will surely increase lumber costs and, consequently, housing costs.

Analysts, builders, and lumber suppliers on both sides of the border are coming to terms with this new reality. It’s too early to accurately predict how the tax will affect long term lumber prices. One thing is certain, though. Lumber prices for the foreseeable future will increase. As they do, builders will have little choice but to pass those increases on to consumers.

Now What?

The recent tariff increase should be a reality check for potential home-buyers who have been on the fence, hoping that prices of new inventory will decline. On the contrary, the reality is that lumber costs will likely increase in the near term. How much prices will increase and how long they’ll remain elevated should become clearer in the coming months. For now, though, the sooner home buyers lock in a price, the better.

Top 5 Manufactured Home Myths

Top 5 Manufacturing Home Myths

Manufactured Home Myths BUSTED!

“Home sweet home” comes in all sizes, locations, and budgets: urban brownstones, modern high-rise apartments, suburban ranch homes, rustic farmhouses, manufactured homes … That’s right. A manufactured home is the perfect option for many. If that surprises you, you may be buying into the following common (false) manufactured home myths. So, let’s set the record straight!

Myth 1: Manufactured homes are unsafe.

Modern day (post-1994) manufactured homes must meet the same U.S. Department of Housing and Urban Development (HUD) safety standards as site built homes. That means manufactured homes meet the same construction quality, strength, and fire / wind-resistant requirements as site-built homes. In fact, manufactured homes must meet higher building-code standards than site-built homes.

Myth 2: The value of a manufactured home won’t appreciate.

As a blanket statement, that’s false. Like site-built homes, a rise or drop in value occurs on a home by home basis. Manufactured homes can drop in value, just like site built homes…but manufactured homes can also gain equity and increase in value! This is primarily true if:

  • The home’s owner also owns the land on which the home sits.
  • The house is well maintained.
  • The structure is attached to a foundation.
  • The home has been updated with additions or attached garages.

Also, location is important. Potential for a rise in home value increases with desirable land location.

Myth 3: Manufactured home communities are tacky.

It is true that you’ll find rundown “trailer parks” throughout the United States. You’ll also find rundown site-built-home subdivisions. But just as you’ll find exclusive gated communities with upscale homes, you’ll find luxurious manufactured home communities with resort-style pools, million-dollar views, and famous residents.

Myth 4: Manufactured homes all look the same.

Granite, hardwoods, gourmet kitchens with islands, fireplaces, soaking tubs, custom window treatments, spacious porches, media rooms, walk-in closets, skylights, master suites … manufactured homes have these amenities, and many more.

Myth 5: It’s tough to find financing for a manufactured home.

It’s no tougher to secure financing for a manufactured home than for a traditional home. When you finance a manufactured home as real property, VA, FHA, USDA and conventional financing is available with terms up to 30 years.

So, consider the benefits of manufactured homes. For significantly less money than you’d spend on a site-built home, you can purchase a manufactured home that has all of the amenities on your wish list. You just might get the home sweet home of your dreams.

Why Are Credit Unions Offering Loans for Manufactured Homes?

Why would credit unions be interested in offering loans for manufactured homes? The answer makes sense when you think about it.

When in the market for a new home, many people are looking to manufactured homes. They are attractive and low-cost. Lending for these factory-built dwellings is different in some ways than a traditional mortgage. According to CFED, “financing manufactured home purchases and refinances can be a viable and effective community development activity for credit unions”. Thus, more and more credit unions have stepped up to answer the call, offering lending for manufactured houses.

Credit Unions prefer helping members over making profit.

Credit Unions have a fundamental approach to building wealth by building their local community. Banks lend money near and far for the sole purpose of turning a profit on each transaction. Credit unions, however, believe that their growth depends largely on the growth of their local community. What is good for the neighborhood is good for the credit union. Thus, if manufactured houses are in demand in an area, local credit unions want to offer loan products to meet those needs.

Manufactured Home Loans meets demand for smaller home loans.

Ever since the financial crisis in 2008, consumers are demanding access to smaller, more affordable home loans. According to an article published by Wired, housing experts confess that “a family that makes $100,000 can’t afford to buy a house” in many cities. The new ‘Duty to Serve’ rule from the FHFA has allowed for more affordable originations of smaller loans. This fits perfectly for manufactured homes. Consumer demand for affordable home loan solutions now has an answer.

Manufactured Home Loans Diversify the Credit Union’s portfolio.

Although Credit Unions are not-for-profit, they also cannot operate at a loss. This means investment diversity matters to them, too. A diverse lending portfolio is the best strategy to mitigating risk and raising profits for credit unions. Manufactured home lending provides a nice alternative loan product to traditional mortgages.

 

Original Source: Triad Financial Services

The Magnificent Seven – The home that’s 7 floorplans in one!

When you’ve built homes as long as Oak Creek (45 years!), you hear a lot of common reasons for customers not falling in love with a particular model.  Often, the heart of the home is great, but the rest is just not quite right.  By the heart of the home, I’m talking about the kitchen, living room and master suite.

With the new Magnificent Seven model of Oak Creek Homes, this problem becomes a thing of the past!  You see, all seven floorplans that constitute the Magnificent Seven have the same core of kitchen, living room and master suite…literally identical.  What’s different with each is the size and additional bedroom and living room configurations.

Need a fourth bedroom?  No problem.  Need a second living area?  Gotcha covered.  You want a 3rd bath?  It ain’t nuthin’ but a thing.  And with Oak Creek’s amazing 3D touring software, you’ll feel like you’re inside of any of the seven configurations while viewing the one at your local dealership.  Call or email today and set an appointment to see the amazing new Magnificent Seven at Oak Creek Homes!

THE BUYING EXPERIENCE IS BETTER AT OAK CREEK

Sometimes when our housing consultants greet new customers, their apprehension and fear are apparent.  They are weary of interacting because they just had a terrible experience at one of our competitors.  Sadly, we are often told of hour-long inquisitions and full credit reviews before a person is even allowed to see a home.  Then, after finally reviewing the homes, a parade of salespeople and managers take turns trying to extract money from the customer, often for a home they don’t really like.  At Oak Creek, we take a very different approach…we take time to LISTEN.  We want to know what your needs are, and then we save you time by only showing you the homes that fit these needs.  Our experience is a true consultation because we work for YOU.  Tell us what your specific needs are and, if we have it, we will tell you everything you want to know.   If we don’t, we’ll shake hands and part friends.  Come try a professional approach to business at Oak Creek Homes.

WOW…I didn’t know that

If you’ve studied our website or researched online, you probably know that Oak Creek prides itself on having some of the highest resale values in the industry.  Considering that most people only keep their house for seven years before selling it, this is an important and substantial consideration when choosing the right home.  Obviously, the extra money you pocket when selling your home should be factored into the home-buying equation at the BEGINNING of the selection process, otherwise you may be comparing apples to oranges.  That being said, one must ask WHY Oak Creek is considered a better investment by most third party appraisal services and the banks who rely on them.  The answer is simple:  quality.  Oak Creek has a reputation for building the strongest, longest-lasting homes in the nation; a reputation that has taken 45 years to build.  Over time, banks and finance companies experience fewer problems with Oak Creek homes and that has led to happier customers who become more likely to pay off their loan.  The moral of this story?  Don’t let a small price difference stand in the way of a happier living experience; you’ll get it back when you decide to sell it and buy a larger, newer Oak Creek!

OAK CREEK – CELEBRATING 45 YEARS OF EXCELLENCE

Oak Creek Homes 45th Anniversary

This year marks the 45th year of Oak Creek’s storied history, and we couldn’t be more proud.  Starting as a single retail dealership in Pasadena, Texas in 1971, Oak Creek has grown to include 19 dealerships, 3 manufacturing facilities, a mortgage company and a very successful insurance company.  We’ve lead the way in home design by being Texas’ first high volume modular builder and we’ve always prided ourselves in being the most technologically advanced business in the industry.  What we are most proud of, though, is the thousands of homeowners we’ve been able to help through the year.  In all, over 53,000 families have chosen Oak Creek to build their dream home and for that we would like to take a moment and say THANK YOU.  We hope that the next 45 years provide us continued success.  We know our commitment to providing great value and service has never been stronger.

Recent Flooding Update

I’m sure you’ve heard of the tragic flooding in South Louisiana over the past several weeks.  Some estimates show 60,000 people without adequate housing, many of whom must completely rebuild their lives due the total loss of their homes.  On August 19th, FEMA contacted all approved manufacturers of FEMA emergency housing (including Oak Creek) to solicit their assistance in responding to the crisis.

 Though we are proud to assist in these times of need (and proud to be one of the manufacturers that FEMA trusts with their housing needs), we are also concerned about our commitments to those in unaffected areas who are in the process of making a housing change.  Though we will continue to build non-emergency housing for our regular customers, the amount of time it will take to do deliver special order homes will grow substantially.  Furthermore, storms like these always create exaggerated demand for building materials, causing home prices to increase. 

There is still a short window for ordering your home before demand accelerates and prices increase.  In an effort to keep your housing change on schedule and in budget, we can either provide you display models for immediate purchase or lock in pricing on special order homes if sales are initiated by September 15th. Give us a call to discuss your housing plans.

What’s Up with the Deep Stock Model Discounts?

Oak Creek Clearance Homes

If you’ve seen the list of stock models currently featured on Oak Creek’s website as well as the individual dealer sites (if not, check them out!).  Why are these homes so much cheaper?  Is something wrong with them?  Do they not have the normal warranty?  Well, there’s a lot of reasons to discount stock models, namely that Oak Creek constantly updates its decors, options and floorplans to keep up with popular tastes and styles.  Does this mean that a discounted stock model doesn’t come with the commitment for service that Oak Creek is famous for?  No way!  All stock models come with the same warranties and Home Service Protection (if applicable) that are the hallmarks of our homes.  So why the big discounts?  Because these homes often show the minor wear typical of being used as a model home.  You may see the occasional scratch or carpet wear, but the discounts traded for these shortcoming typically far outweigh the negatives.  Please take a look at our clearance homes by clicking HERE.

Have You Seen Our 3D Tours?

So you want to tour our houses but you just don’t have the time?  No problem.  Just click here and take a look at one of our 3 dimensional home tours.  You’ll be able to get an overview of our floorplans and click anywhere in it to see the interior of a particular part of the house.  From there, you can navigate to multiple points in any room (even closets) and get a full 360-degree perspective using your mouse or keyboard.

Navigation is a breeze as you move from room to room and get the truest interpretation possible of our houses without leaving your computer screen.  You’ll find this is a great way to view the various décor choices and option packages we have available as we’ve done our best to include different ensembles across our home offerings.  Furthermore, you will be able to narrow down your home selections before visiting your local home center, saving you time and confusion.

Unlike our competition, Oak Creek goes to great effort and expense to make sure virtually all our homes offer this online experience.  We hope you take advantage of this great new technology!

What to Expect from an Oak Creek Housing Consultant

Salespeople.  The very word brings fear to the mind of most people.  Many people dread working with salespeople out of fear of being taken advantage or of being lied to.  At Oak Creek, we understand that purchasing a home is one of the biggest decisions of your life, and we’ve hired and trained our staff to approach their job differently than those at other companies.  Here’s how:

Our people have two ears and one mouth and use them proportionately.  In other words, we listen!  We know you don’t want to waste valuable time so we ask the right questions to determine just which homes at our dealership would fit your needs.  If we can’t find one there, we’ll get online and find the perfect home for you elsewhere in the company.

Our people get the best training in the industry.  Every Housing Consultant (that’s right, we consider them consultants) is given a thorough 10-day class upon hiring to educate them on our homes and company.  Then, they are given a battery of online classes and exams to further reinforce this knowledge.  After that, they each spend 3 days in the Dallas/Fort Worth metroplex at our our two Texas manufacturing facilities seeing our homes built and observing each step of the process.  Given all of this preparation, you can feel safe knowing you’ll be in good hands with an Oak Creek Housing Consultant.

We’re not pushy.  We’ve got the facts.  We’ve got the proof.  We are confident you will come to the right conclusion without coercion or sales “silliness.”

So come meet one of our fine Oak Creek professionals.  You’ll enjoy the process and feel good about your purchase.  Most importantly, you’ll love your new home.

At Oak Creek, we DON’T watch our Weight

home weights

Every home builder will claim to build the best home for your money, and frankly, we won’t be any different at Oak Creek.  We’ll tell you our homes are built stronger, designed better, more affordable and that we’re more committed to your satisfaction.  But with all manufacturers making their own claims, how can you know who to believe?  At Oak Creek, we strongly advocate PROVING everything we say about ourselves.  If we claim we have higher resale value, we are going to show you an N.A.D.A. record.  If we say we’ve got the best protection plan, we’re going to show you all of its coverages.

Oak Creek uses better and stronger materials when we build our houses, and more of them.  This causes our homes to weigh more than other brands.  How much?  Sometimes SUBSTANTIALLY more.  How do we know?  More importantly, how do YOU know?  By looking at Record Detail form, which is required by the Texas Department of Housing and Community Affairs.  Obviously, all manufactured and modular homes must travel on the State’s highways and thus must be measured for weight.  This document exists for every home and is available by request from any dealer who wants you to see them.  At Oak Creek, we do want you to see them…they are proof that a whole lot more goes into our houses.

What Does High Resale Value REALLY Mean?

Oak Creek Homes prides itself on having some of the highest resales values of any manufactured home built in the country.  This value is derived from the N.A.D.A., an organization that determines values not only for homes, but for cars, RV’s and motorcycles.  They are the single most reliable source for appraisers, banks and independent buyers in determining just what someone should pay for a pre-owned manufactured home.  Almost without exception, the N.A.D.A. feels that an Oak Creek Home is worth more than a comparably sized manufactured home built by one of our competitors.

But what does this REALLY mean?  Obviously, it means you’ll get more money for your home if you eventually sell it or trade it in.  But the better question to ask is WHY are our homes valued higher?  The answer is because they are BUILT STRONGER.  If a home is built like an Oak Creek, it holds together better over time, has fewer service issues and is thus considered a better long term investment.

So, when it comes time to choose the best home, don’t just take our word for it.  Take the word of a third-party independent expert…the N.A.D.A.  You will be glad you did.

American Homestar Corporation Celebrates 45th Anniversary

Oak Creek Homes 45th Anniversary
Factory-built manufactured and modular homes have evolved over the company’s forty-five year history but affordability and quality continues to be the common denominator.

Celebrating forty-five years in the single family housing industry is a milestone that few companies have achieved, especially in the factory built home segment. But that is exactly what American Homestar Corporation and its 665 employees are doing this year.

From humble beginnings in 1971 as a single model home center on Spencer Highway in Pasadena, Texas operating as Mobile America and featuring Mickey Gilley in their TV campaigns, the company grew to become one of the region’s leading manufactured home retailers. But when the oil boom went bust in the southwest in the 1980’s in order to survive, the company found it necessary to change its business model and go down a different path.

Company founder and CEO Buck Teeter recognized the market the company could serve was for REO services provided to lenders faced with liquidating manufactured homes whose owner’s had defaulted on their loans. According to Teeter, “we had the infrastructure and talent in place to serve this need and help the financial institutions reduce losses on foreclosed homes. We refurbished and re-marketed thousands of homes during this period helping not only the lenders but many home-buyers who were in need of affordable housing at a time when the job market and economy were really bad.”

The market in the southwest soon began a gradual recovery that accelerated quickly through the decade of the 90’s. During this period of rapid growth the company entered the manufacturing segment through mergers and acquisitions and soon had a presence in 28 states with fourteen plants, one hundred thirty five company home centers, eighty five franchise outlets and a large number of independently owned and operated home centers.

In 1995 the company formed 21st Mortgage a joint venture manufactured home financing initiative with a partnership that included Clayton Homes and several former management team members of their Vanderbilt Mortgage and Finance operation. It also entered the manufactured housing transportation business through an interest in Roadmasters Transit, one of the leading transporters in the country.

With the growth and expansion activities during the decade of the 90’s the company became fully vertically integrated through manufacturing, retailing, finance, insurance and transportation and grew to be one of the largest manufactured housing companies in the U.S.

In the 1998-99 timeframe the manufactured housing industry was severely impacted by its own financing melt down as subprime loans made by many lenders went into default. This caused the mortgage backed security market for manufactured home loans to all but disappear. With no secondary market for loans, the lack of affordable financing for entry level home-buyers created a dramatic drop in demand and caused the company to retrench back to its core southwest and south central markets with two manufacturing plants, twenty five company owned Oak Creek Home Centers, Western Insurance and American Homestar Mortgage.

In 2008 the company acquired a third manufacturing operation in Lynn, Alabama, Platinum Homes. It expanded its product offering by entering the modular home building and commercial structures markets and offering the industries first 7-year home protection plan.

Following Hurricane Katrina the company was called upon to assist in providing temporary disaster housing to hundreds of families. Hurricanes Katrina, Rita and Ike provided the company additional opportunities to provide permanent affordable factory built replacement homes across Louisiana, Mississippi and Texas. For families with low to moderate income impacted by Hurricanes Rita and Ike in Texas, American Homestar Corporation is currently building replacement homes under a program funded by Community Development Block Grants from the U.S. Department of Housing and Urban Development and administered by the Texas Department of Housing and Community Affairs.

According to founder and CEO Teeter, “while the modern energy efficient homes the company builds today bear little resemblance to the homes we built and sold forty-five years ago, one thing remains unchanged; the company’s commitment to quality and affordability.” American Homestar Corporation is primarily employee owned.

What Does It Take to Be an Oak Creek Sales Pro?

Now Hiring

Let’s face it…there are thousands of sales jobs out there.  You can sell vacuum cleaners, cars, sporting goods…the list is virtually endless.  There’s only one way, though, to sell the true American Dream.  That’s by selling HOMES.  In Oak Creek’s case, the houses are manufactured and modular in nature.  What’s the difference?  The main one is cost.  With the rising price of housing, this dream is becoming more and more out of reach for the typical person.  That’s why factory-built housing is becoming a more popular alternative.

Of all the companies out there in this field, why choose Oak Creek?  Because of its commitment to training, development and promotion from within.  When it comes to training, we will start you off with 10 days of hourly online meetings followed by a 3-day class at our manufacturing facilities in Texas.  Then, every week, you’ll receive continued education to keep you up-to-date and any and all product and market changes.  We prepare you to succeed at Oak Creek, and once you do, we do our best to keep you.  Many of our sales pros and managers have been with the company for five, ten, twenty even TWENTY FIVE YEARS.

Right now our biggest (but not only) need is for BILINGUAL salespeople.  One of our fastest growing groups of buyers is Hispanic people and those who speak Spanish will be best prepared to serve them.  If you’d like to learn more about an opportunity with Oak Creek, click HERE and visit our employment page.

72 Hour Sale is next weekend!

As you know, our dealerships display stock models so that our customers can get true sense of what are homes are like. Sometimes, pictures or one of our unique 360 degree tours are simply not enough. Because we frequently change our floor plans and decors, we occasionally must change out our inventories and when we do, the consumer is the winner.

Why? Because these homes become heavily discounted for short periods of time.

What’s the catch? There really isn’t one. These houses have full warranties and our 7 year Homeguard protection plan and typically show a minimum of wear. We just need to bring in the newest models and pass on tremendous savings to you to make that happen.

Which houses are included? Across our company, over 30 houses have been discounted for this weekend’s brief yet amazing “72 Hour Sale”. This include single, double and triple section houses as well as homes built to both the HUD and Modular building codes.

Thursday April 28 – Saturday April 30 , put those umbrellas away and come out to Oak Creek Homes for great weather and even greater savings during our once-in-a-lifetime 72 Hour Sale. You’ll be glad you did. Oh, and while you’re there, check out Oak Creek’s new Olympia Home, the most highly anticipated new model we’ve built in years!

MANUFACTURED HOMES TEXAS

Join The Oak Creek Team!

manufactured home hiring sales

We are looking for career driven sales professionals with a passion to win! $100k+ annual earnings are easily possible if you are dedicated, committed, and can work within a system.

Bilingual is a plus in this business. You will be matching potential home buyers with the home of their dreams. If you are a hard-working sales pro with a winning personality we want to hear from you! Visit our career page and submit your resume. https://oakcreekhomes.com/about-us/career-center/

The Oak Creek Difference

Why choose an Oak Creek home? This is a simple question but one of great importance. The choice of homebuilder can influence your life for decades to come and it should be made only after careful thought and consideration. There are several companies building manufactured housing in today’s marketplace, many of them providing a quality home at a competitive price. However, none of them can claim everything that Oak Creek can with regards to overall affordability, strength of construction, commitment to satisfaction and quality of design.

The first thing to know about measuring the true affordability of a home is this: affordability IS NOT simply a matter of price. Utility costs, resale value and repair expenses all play integral roles in how much money comes out of your pocket each month. Not only does Oak Creek claim to be the best home for your money in all of these categories, we can prove it. Click here for more info.

If a home isn’t built strong from it’s beginning, no warranty or promises can ease the headaches that come from chronic services problems and shoddy workmanship. At Oak Creek, our history of quality construction has resulted in the best reputation in the Southwest as well as the highest resale values in our industry. Otherwise, we wouldn’t be able to stand behind our houses with the industry’s best 7 year HomeGuard protection plan.

Speaking of HomeGuard, a company’s commitment is best defined by how they stand behind their product. Only Oak Creek offers an extended protection plan that covers not only structural components, but appliance, heating, cooling, electric and plumbing systems. Don’t be fooled by the competition’s claims to long warranties! The fine print will show you they aren’t worth the paper on which they are printed.

When it comes to home design, Oak Creek has long proven its ability to create incredibly inventive floor plans that provide modern touches and traditional. Furthermore, we give our customers to add virtually limitless personal touches through their choices of paints, floor coverings, cabinets and countertops. At Oak Creek, you truly get the opportunity to make your home one of a kind, just like you.

Financing a Manufactured or Modular Home

Less than 20% of people who buy a manufactured or modular home pay cash for their purchase. The rest require financing. In today’s lending climate (mostly due to 2013’s Dodd-Frank Act), the government has restricted the manner by which a builder can assist in arranging financing for a customer. Just the same, Oak Creek has access to most of today’s most popular and established lenders and is eager to facilitate the transaction in any way that’s legally possible. This article is intended to familiarize you with many (but not all) of the most common ways to finance your home.
For those who own their own land, regular mortgages (often backed by FHA and VA) are a common form of lending. In this approach, the land and home are tied together into a single loan package. Though mortgages often have lower interest rates, they do take more time to execute due to appraisals, mandatory waiting periods and other government regulations.

Chattel loans are a form of lending that is used for financing homes only. In other words, you are obtaining a loan for a home but not the land on which it is placed. Homes placed in parks and rental properties are common candidates for chattel financing. Though these loans often have higher interest rates, they are relatively quick and easy to execute.

Alternative financing, such as conventional land/home packages, is an efficient way to finance the home quickly while experiencing the benefit of tying in the land equity to achieve preferred terms. In addition, homebuyers are encouraged to use their own local banks if they prefer. Oak Creek will provide them any information necessary to process the loan transaction.

No other company offers as many financing sources as Oak Creek Homes but the first step in buying is picking out the home of your dreams. Fill out an appointment request now to meet with one of our representatives at your convenience.