Home Buying in 94587>Question Details

Mary, Home Buyer in Union City, CA

What the price difference betwwen single family house with manufacture house in single family house lot?

Asked by Mary, Union City, CA Thu Jun 14, 2012

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Michelle Carr-Crowe’s answer
I'm not aware of any cities here allowing manufactured homes to be place on single-family home lots. There are many places in the country where it's common, but not in most of Silicon Valley.

I only know personally of 1 person who successfully did this-but they'd already owned the lot for decades and the existing home was a horrible eyesore that was falling apart. She had to get several hearings and exemptions from the city, and it really came down to her persistence. However, it still sticks out as an anomaly in the neighborhood.
0 votes Thank Flag Link Wed Aug 28, 2013
Actually there is a small development of about 8 homes in Newark (near the center of town) that consists of manufactured homes. They blend in so well that most people are unaware of this fact. The big problem with manufacture homes is getting a loan. Most all major banks no longer lend on this type of property.
0 votes Thank Flag Link Wed May 28, 2014
The question should be if you can find financing to build a manufactured home on a lot. I believe USDA Rural has a program and Cal-Vet which I offer but sfr is the easiest loan to get. You can do an FHA CHF Access half percent down payment with a minimum 580 fico score to qualify. I can email you listings weekly and go over financing if you need my services. Here are a few under 300k in Union City. How much are you looking to spend?

Click the following URL to see the listings Union City up to 300k:
http://matrix.mlslistings.com/DE.asp?ID=1419380761

CHF Access half percent down brochure, pdf
http://tinyurl.com/9fak6ho
Sheryl Arndt, standard needs list checked, pdf
http://tinyurl.com/9m2rsb2
Why Rent brochure
http://www.frankandsheryl.com/Documents/Why%20Rent%20brochure…
http://www.frankandsheryl.com/Documents/Why%20Rent%20brochure…
CHF Access income limits http://tinyurl.com/8lzf8he
http://www.Under640FicoScoreLoans.com
http://www.FrankandSheryl.com
http://www.under640ficoscoreloans.com/Pages/ContactSheryl.aspx
Sheryl Arndt, Broker – Loan Officer
DRE# 01440252
NMLS# 297251
760-486-4225
0 votes Thank Flag Link Sat Oct 20, 2012
Let me re-word your question and let me know if I got it right:

“What is the difference between a normal site-built single family home on a residential lot and a manufactured home installed on that same lot?”

I’m assuming you are either interested in putting a manufactured home on a normal residential lot OR you are interested in buying a home that happens to be a manufactured home that is already on a normal residential lot …

The answer is a bit convoluted:

If you mean a manufactured home such as the type you see in mobile home parks (usually a 2 or 3 piece home – double-wide or triple-wide), then those can be installed on a normal lot on a permanent foundation (I actually know where are few are located), HOWEVER, it is VERY difficult to get financing to buy one of these. Most lenders do not want to be a party to this type of manufactured home – especially FHA. It makes no sense at all, but is very true. Therefore, if the home is like this, value will be lower because it’s virtually impossible to get a loan.

If you mean a manufactured home that is modularized and assembled like a jigsaw puzzle onsite, these are different. These are viewed as normal homes and financing is not an issue, therefore value will be the same as any other home in the neighborhood.
0 votes Thank Flag Link Thu Jul 26, 2012
There's a big difference. With a single family home, you also own the land beneath and around the house. That is why the price is so much higher - the land is the real thing of value. Your home is planted on the land with a foundation permanently.

With a manufactured home, you own the box you live in but need to rent the lend that it sits on. Manufactured homes can be relocated. I get calls from time to time from people enthralled at the low prices of the manufactures home..here in San Diego though, the monthly rental fees are up to $700-$800 a month...so that is added to your mortgage payment.

Hope this brief overview is helpful.
0 votes Thank Flag Link Fri Jun 15, 2012
My question is a manufacture home built in a single family land. What's the price difference with general single family house?
Thanks.
Flag Fri Jun 22, 2012
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