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86413 : Real Estate Advice

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  • Local Info2
  • Home Buying1
  • Home Selling0
  • Market Conditions3

Activity 13
Sat Aug 18, 2012
Dan Tabit answered:
Edwin,
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.
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Wed Oct 23, 2013
Bill Parker, CPA* answered:
Hi Edwin:

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.

Take care.

Bill Parker
NMLS #223607
Bill.Parker@LegacyG.com
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Wed Oct 23, 2013
Karen Lopez answered:
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
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Fri Aug 30, 2013
Loren Hoboy answered:
Please contact me to discuss your needs.
Regards,
Loren Hoboy-Realtor
Central AZ Real Estate
LHoboy@centralAZhomes.com
Your Local Expert
623-688-0004
0 votes 5 answers Share Flag
Wed Jun 11, 2014
robotnikk95 answered:
Hi, i've lived in Golden Valley my entire life and i'm looking into a house myself. To answer your question, floods happen every year during monsoon season. It is unusual however for it to reach any housing up close enough to damage the homes. If you're concerned about this , then make sure you are not surrounded by dirt roads as floods tend to go across them, and it is extremely dangerous to attempt to drive through them. Stay closer to the high way, and check to see if the house is accessible during a flood. Watch out for the Sacramento wash, it is by far the biggest wash in the area and cuts clear through the south side splitting up and joining several smaller washes. ... more
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Mon Aug 27, 2012
Karen Lopez answered:
For information concerning any flooding information in Mohave County, please contact Mohave County Flood Control at 928-757-0925. This will give you all the answers from the horses mouth. ... more
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Wed Aug 8, 2012
Marie Rapoport answered:
Wed Oct 23, 2013
Amy Casanova answered:
Finding an apartment in Golden Valley might be a struggle. As far as I know there isn't any apartments in the area.
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Sat Nov 12, 2011
Maria Morton answered:
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
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Tue Apr 10, 2012
Yvonne Broadribb answered:
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.
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Wed Mar 16, 2011
Terri Vellios answered:
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
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Sat May 1, 2010
answered:
Hi Sandra,

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.

Good luck,
Ros
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Wed Nov 27, 2013
Joyce Guidroz answered:
This means that they do not have city water supplied. More than likely it is a well.
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