Low Fees and Fair Priced Loan Programs offered for Mobile Homes in a Mobile Home Park on Leased Land
Construction is one big difference between the two homes. Manufactured homes are built in two or three sections and moved on to the property to be attached together to become one big home and be installed on a foundation of some type. June 15th, 1976, the construction rules for manufactured homes changed when California pioneered a standard of construction for manufactured homes. The guidelines were later adopted by the Country. Generally speaking, to finance a manufactured home now it must be newer than July 16th of 1976 and be on a permanent foundation with a 433a Occupancy Certificate. We do have programs for Mobile and Manufactured homes built prior to 1976. Mobile homes and manufactured homes both are assigned VIN numbers.
Mobile homes are intended to stay on the wheels that they came on. They are not attached to land and are treated much like cars for financing. Even if you have a Mobile home situated on land that you own, it will still be treated as personal property because the foundation does not exist and it is not assessed with the real estate property taxes. There are more conditions too.
Sellens Real Estate Lending can finance Mobile homes on Leased land in a Park. Please look at the link above to see specific loan information on Mobile Homes in a Park. Please call to discuss your particular home loan goals.
Please read other financial articles on this web site regarding manufactured home financing. However, some articles give general information, and may not be particular to one state.
Other Links on this site regarding manufactured Homes:
Permanent Foundations
Highest Loan to Value
Manufactured Home Move-Ons
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Contact Judy Sellens at www.SellensLending.com
