We work with lenders and Realtors Nationwide where "resident owned" properties and would be very happy to refer to any of the several lenders that we work with in the area you're interested in. But first here a few things you should know before you purchase any Manufactured Home.
We certainly don't mind answering your questions, however, before you ever put down any money on a MH in a rent/lease park/community you will need to get accepted by the park management at which time they will disclose the space rent, utilities, all related fees and costs and disclose the rule and regulations.
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. 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.
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.
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.
If the home is located in a Manufactured Home park/community 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.
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 directly service the Menefee area in the sales of Manufactured Homes we do have a very predominant presence throughout the entire Riverside 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 friendly websites anytime: