Archive for the ‘Uncategorized’ Category

What is the Difference between a Mobile Home and Real Property when getting a loan?

Wednesday, July 22nd, 2009

The Differences between Chattel Mortgages for Mobile and Manufactured Homes and Loans for Traditional Real Estate. I found this article insightful because a mobile home has very different loan than real property. We talk to people every day who have heard that their bank can finance their manufactured home loan, but in the end they are left high and dry. The unfortunate thing is that often times they drag the customer through an appraisal, which wastes $400.

What is the Difference between a Mobile Home and Real Property when getting a loan?

New Laws Concerning California Mobile Homes

Monday, July 13th, 2009

mobile and manufactured home laws regarding  changes frequently in California, and it is sometimes difficult to keep up. This article breezes through the major changes in California legislation, and how they relate to your mobile or manufactured home.

New Laws Concerning California Mobile Homes

The Mobile Home Renaissance – Challenge or Opportunity?

Monday, July 13th, 2009

This article is a case study of a successful manufactured home development in California. Cities throughout California are pursuing avenues to encourage affordable manufactured or mobile housing and renovate rundown areas in their city centers. The answer for some has been in the form of mobile or manufactured homes as an innovative housing development owing to creative planning and federal funding.

The Mobile Home Renaissance – Challenge or Opportunity?

Owning a Manufactured Home or Mobile Home; What you Need to Know.

Monday, July 13th, 2009

17 million Americans that live in manufactured and mobile homes, and if you are one of them then it helps to know the laws, rules and regulations regarding your mobile home. This article offers information on mobile home laws and will even direct you to further resources on government websites.

Owning a Manufactured Home or Mobile Home; What you Need to Know.

How Manufactured Homes are Built with Precision and Care?

Thursday, July 2nd, 2009

This article has information on mobile homes and manufactured home dealers; the standards they build to, the building process, and how well a mobile home will hold value. Manufactured Homes are Built with Precision and Care in a factory, then transported to the site where they will become a home.

Read the full article in the California Chronicle:
How Manufactured Homes are Built with Precision and Care?

Is it Possible to Finance or Refinance a Mobile home loan?

Saturday, June 27th, 2009

Mobile home loans are tricky, which is why many traditional mortgage lenders and brokers don’t want to work on them. The owner of a mobile home can literally put wheels on the structure and drive away with it, which increases the risk of the loan compared to a home built on a foundation. Another issue with mobile home loans is that they are considered personal property rather than real estate. So, financing a mobile home loan without the land beneath it is similar to purchasing a car or RV. 

To read the entire article with the California Chronicle, click the link below:

California Mobile Home Loans

How are manufactured homes built (part 3)

Friday, April 17th, 2009

Building Manufactured Homes

Building Manufactured Homes

Buying a new manufactured home means you don’t have to spend your nights and weekends fixing-up an older site-built home. And since the buyer chooses the colors and textures of the inside and outside of a manufactured home, there aren’t any aesthetic improvements necessary either. Many people who live in mobile homes say that the low maintenance feature is a large selling point for them.

Today’s manufactured homes are nothing like what you may have seen produced 20 years ago. They are much better. Manufactured homes are well built and have many advantages, including energy efficiency, quality workmanship, and dry wood manufacturing. The energy efficiency can be found in the use of thick insulation and quality windows and doors. This eliminates drafts in the house, and prevents climate-controlled air (which you pay for) from getting outside. So, your heating and cooling costs are lowered, and most importantly you stay comfortable.

Modern Manufactured Homes are often mistaken for site-built homes, because they can look so similar. Steeper roof’s, gables, and larger floor plans all make a mobile home more desirable to buy and live in. Plus, homebuyers also have the option to add matching garages or separate storage buildings.

There are two options on where to place a manufactured home, in a community or on private property. There are benefits to each, it just depends on your preferences. In a community, you own the home, but the site is leased. Many communities provide clubhouses, pools, and more. Communities also usually have very little upkeep or yard maintenance, and allow you to develop close relationships with neighbors, and even participate in social events. A manager, who lives in the community is there to serve the needs of the homeowners, from solving problems to keeping everyone safe.

Homeowners who would like to live in a suburban neighborhood or on a larger plot of land, may choose to place their manufactured home on private property. Of course this is more expensive up front, but there is no leasing with this option. Whether a homeowner chooses to place their manufactured home in a community or on private property, they have the same options across the board. There are three options for a foundation: concrete slab, crawl space, and a full basement.

I hope this 3 part series on how manufactured homes are built has been helpful, and I appreciate you taking the time to read up on how modern manufactured homes are built.