Current California (CA) Mobile Home Loan Programs Available
At the last count (2008) there were just over 4700 Mobilehome Parks and MH Communities registered in CA which house somewhere around 700,000 residients. With all of the instability in the mortgage market and a serious lack of availablity of MH lending programs, these people need viable options for their refinance and purchase money needs.
The good news is that there are still programs that are designed to help those mobilehome owners who rent or lease their lots or spaces, they are simply harder to find since most mortgage brokers have little to no experience in dealing with them. Our affiliated lending partners are still handling these transactions in California and are ready to help you today.
To help you understand who can be helped here are some general guidelines about current CA programs:
| Current Loan Types Available: |
|
Inside MHP's and MH Communities Only |
| Maximum Age of Manufactured Home: |
|
15 Years or newer for Purchases |
| |
|
15 Years or newer for Singlewide Refi's |
| |
|
20 Years or newer for Doublewide Refi's |
| Appraisals Required for In-Park Homes? |
|
Yes |
| Cash-Out Available? |
|
Yes on a case by case basis |
Choose the most appropriate program below to have a loan officer contact you immediately:
Refinance your Singlewide, Doublewide, or Triplewide in CA
Purchase money financing for California Mfg. Homes