Sheryl Arndt, Broker â€“ Loan Officer
Please bring me up on Trulia or my website www,.doylerealtygroup.com and or look at our local MLS.
There are other parks who have some nice homes, but just remember, we do have some lenders.
Let me know more and I will put you in touch with some now.
If it's in a rent/lease community as others have stated it's more difficult to find a lender but they are out there. You will more than likely pay a higher interest rate and DP, however. Might your efine cheap?
Let me know if I can help you and be assurred, this is not hype. I have the lenders for you.
But, not to worry. There are lenders out there and while just a few, we can get you approved providing your credit is at least OK.
Best approach is contact someone like my self and get pre-approved and then begin your search for the right home. We have a some lovely homes in Indian Springs MHP on Hwy 74 in Palm Desert. Just depends on what your really want, can afford and location.
Let me know if I can assist you in any way?
There are some other things you need to know about purchasing a manufactured home as well. If it's a pre HUD, built before June 15, 1976 there could be some issues with caustic and carcinogenic chemicals i.e. formaldahyde, asbestos, etc.
Additionally, trying to obtain financing for a Pre HUD home is very difficult. â€¨â€¨You also need to have the home thoroughly inspected by an experienced Manufactured Home inspector and not just any home inspector. There are several nuances about manufactured homes that an inexperienced MH inspector doesn't even know to addresss. â€¨â€¨
Make sure they check the understructure (crawl space area) to see what kind of condition all the piers and pads are in and if the home is level. The also need to check for rips and tears in the vapor barrier (membrane seperating the ground from the floor and holding the insulation in place.
â€¨â€¨They also need to look for any signs of drainage issues i.e. standing water, soil erosion, gaping cracks in the soil, etc. Many parks/communities were built in flood plains and have an inherent problem with drainage issues which can lead to instability of the piers and pads and mold issues. â€¨â€¨
Make sure that the home has a Housing and Community Development Department (HCD) approved Earthquake Resistant Bracing System (ERBS) in place as that area is in a zone 4 seismic area and manufacture homes are extremely vulnerable to earthquakes.
â€¨â€¨If you have any other questions or concerns please do not hesitate to contact us. Even though we do not service your area we would be more than happy to help you at no cost. We have been in the manufactured home business for almost 30 years and are a licensed general and manufactured home contractor, manufactured home dealer and developer and a real estate broker.
While we do not service the Palm Desert/Palm Springs area in the sales of Manufactured Homes we do have a very predominant presence throughout the entire desert region and interface with lenders and RE professionals throughout the area with the lending process.
In order to secure the required Housing and Community Development Department (HCD) 433a documentation and foundation repair, retrofitting and installation requirements for a "Resident Owned Manufactured Home" you will be required to obtain an "Engineered Certification" We provide these services.
Please feel free to visit our very user websites for further information:
Please contact me at my emai email@example.com, as I can provide other answers to you. We do have lenders available for you and I will provide their contact info for you.
You are right, its difficult to get lenders to loan on these homes, but, there are still some out there. I have some very well priced homes available for you to view in a subdivision that will impress you.
Thanks and do get back to me, please?
If that is true, I have 8 listings in one of the most beautiful subdivisions in all Palm Desert. High above the valley floor with absolutely beautiful views from some of the properties of the mountains and open spaces.
We have some very affordable homes and can also, if needed, provide lenders that will assist you in the financing of the property.
Please look at some of my listings on my website as well as Trulia. My website is http://www.doylerealtygroup.com.
I have other listings there as well so you might want to look thru them all. But the subdivision with the mfg homes that are affordable is called Indian Springs Mobil Home Park. We are located near the top of Hwy 74 across from Bighorn CC.
Please let me know how I may help you and all my listings are available for preview. I can also send you additional information on any listing as well as others in our valley.
Thanks and looking forward to hearing from you!
Michelle gave two excellent answers. (I recommend you give her "Best Answer.") Check with the park management if it's in a park. They'll know which lenders are active and possibilities. The other thing to do is look for owner financing. Lots of mobile home owners aren't willing to do owner financing (for whatever their reasons, they need the cash out). But some will.
Another option is to get another type of loan--a personal loan, for instance. If you've got decent credit and the home you're buying isn't too expensive, it might just make sense to get a personal loan for the purchase. You'll also likely get a much better price by offering all cash and a quick close. I've seen plenty of mobile and manufactured home owners come down 20%-30% or more with a quick all-cash offer.
Hope that helps.
We're a MH dealer, contractor and Real Estate broker so we can help you in anyway you wish to persue your search but we need more info.
There's lots of MH rental parks in the PD, PS and DHS area and you could probably pick a singlewide up for a few thousand bucks if that's what you're looking for.