It is kind of different hearing someone come at this question from the opposite direction of most--those who want to get the "traditional mortgage loan" due to its lower interest rate.
It is impossible to get a traditional mortgage loan on a manufactured home UNLESS it is sitting on a foundation, as the lack of a permanent affixing to the ground makes it personal property, NOT real property. (Lenders want the stem off, most want at least double-wides, etc.)
There are also many other issues with manufactured homes--if built before 1976 it is difficult to get financing (new standards went into effect that year, which lenders want); many tend to be on large tracts of land, which shifts the loan from being based on the value of the residence to being more of a land loan; etc., etc.
So, you are in luck, you can get the loan type you want. I believe the builders of these homes are one of the best places to start in finding a lender, as well as your local credit union or bank.
To get to Dome road you would take Egar south, then turn wet on Diabase, then north on Dome. Depending on which address on Dome you are referring to. No it is not paved. And most properties on Dome are water haul and parts of Dome have power. Not sure why the agent did not put that in the listing. But I would be happy to help you if you are interested in purchasing in Golden Valley.... more
Golden Valley is centrally located between Bullhead City, Laughlin Nevada and Kingman. Kingman is approximately a 15 minute drive. Very convenient and easy drive. If there are any other questions please let me know.
"Above All" Mohave County Realty
I would need to know which parcel you are interested in. Each lot has it's own Flood Determination. Some areas on S Estrella are in Flood Hazard, some are not.
GateWay Residential and Land Sales Specialists
(928) 565-7700... more
SPDS is Sellers Property Disclosure Form. The seller fills this out disclosing to the best of their knowledge any defects or work having been done on the property. The CLUE is a form filled out by the insurance company letting you know if there has been any past claims on the property. Sold AS IS - Means they will not do any repairs to the property. I hope this answers your questions. Thank you, Let me know if I can be of assistance in your purchase or sale of property. Karen... more
Manufactured or Mobile homes do not qualify for conventional financing. There are fewer lenders and the terms are a bit more restrictive. Some issues will vary depending on if the house is in a park where you rent the space or if it's placed on land and is a package deal.
Talk to some local mortgage brokers to see what they have to offer. US Bank was still open to mobile homes the last time I checked.
One last thought, the reason the terms are more restrictive, higher down payment, shorter terms, higher rates, are because historically manufactured/mobile homes do not hold their value as well as homes built on the lot, also called "Stick Built" homes. For the lender, their investment is riskier and so they offset the risk with greater security for them.
Before you decide, consider a conventional home, condo or townhouse, you may have more options and find out they are more affordable than they appear when the financing options are considered.... more
The tax records will show one value. The link below is to the Mohave County Website. For value of what the land is worth, try asking a local real estate agent to come out and evaluate your lot and structure, if any.... more
Land is not selling unless VERY inexpensive. If you do not need to sell, hold on to it! For a free Market Analysis contact Yvionne at GateWay Residential and Land Sales Specialists (928) 565-7700.
Specializing in the Golden Valley area.... more
fmonaco@Communitywestbank.com I'm not familiar with your area. Attached is a link to a mobile home financing broker. Drop Francis Monaco an email. If he can't help in your state, perhaps he can refer or direct you to other resources.... more
Contact a couple of Realtor's who specialize in listings - ask friends, pick up the free real estate magazines in the grocery store, etc - and ask them the value (they more than likely will prepare Comparative Market Analysis a CMA) & what they will do to market your property.