Santa Cruz MLS Map Search

Balloon Talk

Hot New Listing

Hot new Santa Cruz Real Estate Listing

Mobile Homes?

Mobile homes are an option to consider. However, mobile home loans may require a down payment as high as 30%! If the mobile home costs $200,000 - you may need as much as $60,000 down. There are mobile home loans that don't require so much down - but they will be for mobile homes manufactured after 1977 (or newer, depending on the loan program), will require that the home be a double-wide (as opposed to a single wide), etc. Also, you don't usually own the land under the mobile home - if you do, it will cost easily more than $200,000. And even if you do own the land, there will still be a monthly park fee. If you don't own the land under the mobile home, it isn't considered to be "real" property - it's personal property, and is more difficult to get a loan against it compared to a home. And of course, in this situation, you will have a monthly park space fee.

Back to Buying a Home

Questions? Please don't hesitate to contact us.

Your Name: *

Your E-Mail Address: *

Your Phone Number

Best way to reach You
Telephone | E-Mail

Best time to reach you

 

* mandatory

How may we help you?

 

This information will never be shared with unaffiiated third parties. Please see our Privacy Policy.