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Home > Frequently Asked Questions
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Mobile Home Loans in California
Does my Credit Score affect Financing my California Manufactured Home?
When looking finance a Mobile Home Loan, it is a good idea to know your credit score. Once we guide you through completing your free Manufactured Home Loan Application, we will need to order a credit report. Lenders require your credit score to meet a certain mark, but it helps greatly if your score is above 700. However, If your score is below 700, we will work with you to research your financing options, or to help you build your credit.
If I have a Bankruptcy can I get a California Mobile Home Loan?
It may be possible to obtain financing for a mobile home with a bankruptcy at least four years old, and a good rebuilding effort evident on your credit report. With the financial industry in a distressed state, investors are usually unwilling to lend to anyone with a bankruptcy within those first 4-5 years. We'd be happy to educate you on how to rebuild your credit so you can be ready to go when the time comes, but there will be very few options with traditional lenders to finance a Manufactured Home Loan if you've had a bankruptcy within the past 4 years.
What is the difference between a Manufactured Home and a Site Built Home?
A Manufactured home is entirely built in a factory, and transported to the site to be assembled. A Site Built Home is constructed on site, using traditional building methods, from the ground up.
What is the difference between a Manufactured Home and a Mobile Home?
Technically speaking, the definition of a Mobile Home is a home that was built before 1976, when HUD code construction and safety standards were put in effect. A Manufactured Home is a home built after 1976, with the Federal standards applied to the construction.
What is the difference between a Manufactured Home and a Modular Home?
Modular homes are assembled in smaller factory-built pieces, which makes them much more customized. Modular Homes are similar to Site Built Homes in appearance, and often stand alone anchored into a foundation. The pieces of a Modular Home are built in a factory around a floor plan designed by the future homeowner. Manufactured homes are customizable also, but in a different way. Rooms and floor plans can be customized in a Manufactured Home, but they are within a single or double wide pre-manufactured design. Manufactured Homes are often installed in Mobile Home Parks, and often are not anchored or permanently affixed to the land.
What role does HUD play in the Manufacturing and Assembling of a Factory Built Home?
HUD, or Housing & Urban Development, standards are applied in the factory, during assembly. HUD Codes focus on the manufacturing standards as they relate to Factory Built Homes, such as air-conditioning, plumbing, heating, thermal and electrical systems.
Is Financing Offered on California homes that were built prior to June of 1976?
Many homeowners are under the assumption that financing is not available for their home, if it was built prior to June of 1976. This is a common misconception. We absolutely offer competitive financing for homes built prior to this date.
Whom do I contact if something is wrong with my New Manufactured Home?
Start by contacting the retailer that sold you your home; be sure to put something in writing. Document all conversations and save copies of any letters or documents you exchange. The next step is to contact the manufacturer. If you are still dissatisfied with their response, 38 States participate with HUD in a State and Federal partnership to regulate and enforce the Federal manufactured housing program in their state. Their involvement depends on the serious nature of the issue.
Click here to find the contact for your state
How can I find out where and when my manufactured home was built?
Your home has a data plate that includes the date of manufacture, name and address of the manufacturing plant, manufacturer's serial number and model, a list of certification labels applied to the home, major equipment, roof load, heating/cooling and wind zone information. Also included is theDesign Approved Primary Inspection Agency. The label is the manufacturer's certification that the home is built in accordance with HUD's construction and safety standards. The Data Plate includes information concerning the manufacturer, components and intended location of the home. HUD standards cover Body and Frame Requirements, Thermal Protection, Plumbing, Electrical, Fire Safety, and other aspects of the home. They are published in the Code of Federal Regulations (24 CFR part 3280, Manufactured Home Construction and Safety Standards).
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(800) 882-1999
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