What I have to know about mobile and manufactured homes before buying them? (19361 Brookhurst St #27, Huntington Beach, CA 92646 )

Asked by E. B., Los Angeles, CA Sat Jan 4, 2014

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Shel-lee Dav…, Agent, Rolling Hills Estates, CA
Sun Jan 5, 2014
The names Mobile and Manufactured homes ("MH") are now used interchangeably. Here are some key issues to know:

1. Most MH are considered personal property and actually depreciate. They are not real estate, which over time actually appreciates.
2. Most MH do not transfer by grant deed. They transfer by a title document which is much like a pink slip.
3. The "property taxes" on an MH decrease every year. However, make sure you read your space lease documents well, as you might also be responsible for paying the real estate property taxes on the space you are renting.
4. Space rents tend to go UP over time.
5. MH are subject to the Mobile Home Residency Act. One of the less MH owner friendly clauses allows the MH Park to foreclose on you (in as little as 60 days) for non-payment of space rent.
6. You do not finance a MH with a standard mortgage. The financing for these properties is more like financing a large vehicle. Depending on the age of the actual MH, your credit score, and the MH Park, you can finance up to 95% of the purchase price for up to 20 years.

Be careful when buying a Mobile Home. Make sure you understand what you are buying and that you get all the correct documents and disclosures about your purchase.

Shel-lee Davis BRE #01817412
Real Estate Consultant
International Real Estate Specialist - IRES®
Senior Real Estate Specialist - SRES®
Certified Home Seller Advisor - CHSA®
Certified Home Buyer Advisor - CHBA®
Member - National Association of Certified Expert Advisors - NAEA
Certified Distressed Property Expert - CDPE®
RE/MAX Estate Properties
424-2HELP12 (424-243-5712)
0 votes
Ingrid Ski R…, Agent, Mission Viejo, CA
Sun Jan 5, 2014
Hi E B

With manufactured and mobile homes there are speciality lenders for this market of homes. I have a list of them and if the home is older than 1976 you would need 25% down
Credit score is a factor for the interest rate
You have to interview and fill out an application with the parks manager
It is a good idea to get approved prior to looking at homes and know what your payment will be
The space rents range from a low of $650 up to $1,500 per month
You may want to take this into account with your payment
Yes the parks do pay for certain utilities and each park is different on what they will pay for

Look forward to helping you
Talk to you soon

Ingrid Ski Realtor
0 votes
Bmecsey, , San Francisco, CA
Sat Jan 4, 2014
Hi E.B.,

The main difference comes when looking into financing. You will not be able to obtain a traditional mortgage on a mobile home. Manufactured homes are treated differently, as they are affixed.


Bryan Mecsey
Amerifirst Financial Inc.
Cell: (510)725-2665
NMLS: 861229
0 votes
Nicole Fedor…, Agent, Santa Ana, CA
Sat Jan 4, 2014
There are two main things to understand-
1- what are the Space Rental fees, and what do they include? Is the park stable?
2- your financing- most Mobile homes are considered personal property, and do not qualify for traditional financing.

When you purchase a mobile home, you are buying the building, but renting the space just as you would an apartment.

If you like to talk about your specific transaction, please contact me. I currently have a mobile home listing in Corona, so I am very familiar with this type of transaction!

Nicole Fedorchek, Realtor
Tarbell Realtors
0 votes
Tanya Ess-Yo…, Agent, Marietta, GA
Sat Jan 4, 2014
Both homes are able to be moved, manufactured homes are for the most part built in a factory and then transported to the development site.
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