There are no lenders who will finance manufactured homes built before 1976...and most will not go that far back. The reason is that there construction methods used prior to 1976 were not regulated as well.
I can help you with financing if you opt to find a newer manufactured home. FHA will allow for 3.5% down payment.
Be wary of any manufactured home built before June 15, 1976 as they are "PRE HUD" homes and will be very difficult if not impossible to finance. Additionally many if not most PRE HUD homes were built using caustic and carcinogenic chemicals i.e. formaldehyde and asbestos.
But before you purchase any manufactured home you should have the home inspected by an experienced manufactured home inspector and not just any home inspector.Make sure the home is level and that the pier and pad assemblies are in good shape.
Be sure the vapor barrier and insulation are in tact and not ripped, torn or lying on the ground. Have the inspector look for drainage issues i.e. standing water, soil erosion, expansive (clay soil), rusted and deteriorating piers and dry rotted or decomposing wood pads supporting the piers.
Most importantly make sure the home has an approved set of Earthquake Resistant Bracing (ERBS) installed under it as much of California is in a Zone 4 seismic area:
Feel free to contact us should have any more questions: 800 909-1110, Cell: 760 815-6877. Email: firstname.lastname@example.org. Or log onto any of our very user friendly websites:
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Sheryl Arndt, Real Estate Broker - Sr. Loan Officer CA only
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Yes, I specialize in Under 640 Fico Score Loans. I offer the CHF Access half percent down payment assistance loan with a minimum 580 fico score to qualify. I can also contribute to your closing costs with premium financing so you only need maybe $1,000 max with only $500 down. I also offer credit repair at no cost to raise fico scores to qualify. Here is a link to everything under 100k in the High Desert. These are only $500 down and approx. $732PITI maximum with FHA 30 yr $% fixed rate Access loan. Give me a call to qualify in minutes... If your interested in Phelan, Pinion Hills, Adelanto, Lucerne Valley, they are zero down with USDA Rural but requries a minimum 620 fico to qualify. Call now.
Click the following URL to see the Listings High Desert up to 100k:
CHF Access half percent down brochure, pdf
Sheryl Arndt, standard needs list checked
Hello Damien, I would call the local police dept and ask for crime statistics 760-241-2911. Here are some listings to consider in that zip code. Let me know if you are considering any other cities or zip codes? Let me know if I can be of any assistance when your interested in making a choice. I can email you new listings as they come in if you contact me...
Click the following URL to see the Listings 92395 up to 175k:
The sales price is public information, however it is only available after the sale closes and is recorded. Keep in mind, though, that sales priceis not the only component of value. Terms (cash sale vs financing) and seller concessions also affect value.
There are numerous reasons to choose a Realtor that is local to the areas you are shopping. Besides having local knowledge, an agressive local Realtor will know the local homebuyer's assistance programs. If in doubt, contact a local Realtor to find out more!... more
Robert, thank you for the book reference - that's helpful. Also, Lamarr Baxter with Entrust (Oakland office) does regular (quarterly, I think) educational seminars about self-directed IRAs, so it's worth looking him up.... more
There are many people making lots of money in a transaction. If everyone in the transaction threw in a couple hundred you would be there.
Do an email shout out to everyone involved in the transaction. Ask your agent to head up the hat passing. If your agent puts in $250 maybe the the seller, the sellers agent and the lender will do the same.