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Elsie, Home Buyer in Bakersfield, CA

If one is thinking about buying how do these manufatured homes work? Do you pay rent for space?Do you have to pay cash for the property, etc?

Asked by Elsie, Bakersfield, CA Wed Aug 28, 2013

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Yes, you pay a monthly fee for the lot space for mobil homes. The fee is around $1000. The lowest one I have seen was about $750 and the highest one $1150 per month. It's a lot of money.
Furthermore you will have to pay for the mobil home. You can borrow money to pay for a part of it but it is complicated to get a loan. You will need to find a lender who will and can do these loans and you will need a good downpayment.
It is not a normal mortgage loan you will get as a mobil home is considered personal property.
M Leopold
Realtor/Broker associate.
0 votes Thank Flag Link Sat Feb 1, 2014
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