Due to the rising cost of homeownership in California, it’s not surprising that many residents are now opting for manufactured homes or mobile homes rather than traditional stick-built houses.
This is because mobile homes offer a significant price advantage. Thanks to efficient assembly-line production, they cost less than traditional houses of similar size and construction materials.
In this blog, we’ll take you through the process of buying a mobile home in California and provide you with the information you need to make an informed decision. So keep reading!
For a glimpse into this cost-effective option, check out Rancho Grande, an all-age mobile home community in Atwater. You’ll love the picturesque setting and close proximity to shopping centers, restaurants, and entertainment venues. For more information, feel free to reach out to us here.
A very nice place to live and enjoy the awesome people and staff that run the park. A great place to have a good life.
Dale Harris
How much is the average price of mobile homes?
In California, the average starting cost of a 1,800-square-foot mobile home is $162,000, which includes land and site improvements. In contrast, the average sales price of a traditional home is around $655,000.
Note, however, that while the average cost provides a general idea, you should also recognize that the exact price of a mobile home can vary significantly depending on several factors, including:
- Size: Larger homes cost more
- Construction materials: Quality and type of materials used
- Design: Customization and architectural features
- Location: Site costs and local market conditions
Nevertheless, there is one thing for sure: Today’s mobile homes are well-built and aesthetically pleasing.
How To Buy a Mobile Home: Some Tips You Should Know
Purchasing directly from a factory or independent dealer is an option, but the most convenient path is often to explore mobile home communities with readily available models for sale.
Today, many mobile home residents enjoy the benefits of community living, with access to shared amenities such as:
- Swimming pool
- Clubhouse
- Green spaces
- Community amenities such as laundry and library
- Pet-friendly features such as dog parks
These communities offer a sense of belonging and convenience, making them an attractive option for those seeking a comfortable and affordable lifestyle.
Below are the essential steps and considerations on how to buy a mobile home in California:
1. Search Online
Searching for mobile home listings has never been easier, with various websites offering a wide range of options.
To begin your journey, consider visiting Storz Management Company, a reputable management company that manages stunning mobile home and RV communities across California, Oregon, and Nevada.
For a tranquil living experience, explore Rancho Grande, an all-age community managed by Storz. We’re known for our excellent amenities and picturesque location, offering a rural ambiance while providing access to the highway for hassle-free commuting.
2. Visit the Mobile Home Community
Before making a purchase, we recommend getting acquainted with the mobile home community. Take the time to explore the neighborhood and get a feel of the community’s atmosphere. And don’t forget to assess the amenities.
By doing your due diligence, you’ll be able to determine if the community meets your (and your family’s) lifestyle and provides the perfect environment for your new home.
3. Know the Community’s Responsibilities and the Rules for Residents
Living in a mobile home community offers the advantage of a well-maintained environment, as management enforces rules that promote cleanliness and orderliness. Some examples:
- keeping your yard tidy
- storing garbage bins in a neat and discreet manner
- …and other regulations in place for a pleasant living space
If you’re a fur parent, be sure to check the community’s pet policy, as some may have specific requirements or fees. However, many mobile home communities now offer pet-friendly spaces and other features that cater to your furry friends’ needs. A great bonus for pet owners who want their pets to stay active and happy!
4. Consider—And Understand—Your Financing Options
While cash purchases are possible, most mobile home buyers rely on loans to finance their homes.
We explain some of the popular home loan options below:
- Conventional Mortgage or Loan: A type of homebuyer’s loan offered by a private lender or government-sponsored enterprises (GSEs) like Fannie Mae and Freddie Mac. Potential borrowers must fill out an official mortgage application and provide the required documents, credit history, and current credit score. Interest rates might be higher than government-backed mortgages such as FHA loans.
- VA Home Loans: A type of mortgage offered by a program from the U.S. Department of Veterans Affairs, available to active and veteran service personnel and their surviving spouses. VA Home loans have favorable terms, including no down payment, no mortgage insurance, and no prepayment penalties. These loans are backed by the federal government but issued through private lenders.
- FHA Loans: Mortgages for people who might not qualify for other loans. The federal government insures FHA loans, which are given out by private lenders like banks. Borrowers have to pay two types of mortgage insurance premiums (MIPs)—one upfront and one every month. First-time homebuyers might find that an FHA loan is their most affordable option.
- USDA Home Loan: Home loans to people living in “rural areas” (defined as having fewer than 35,000 residents). The qualification standards for these loans are less strict than other mortgages, but you need a stable income to repay the loan over 30 years at a fixed interest rate.
- Chattel Mortgage: A loan used to buy movable personal property, often used for mobile homes where the homeowner buys the unit but not the land it sits on. Chattel mortgages typically have higher interest rates and fewer consumer protections compared to regular mortgages.
5. Start the Paperwork
Familiarize yourself with the key documents that will be part of the transaction.
Here are some of the critical requirements to buy a mobile home in California:
- Sales Contract: Outlines the terms of the sale, including the purchase price, parties involved (buyer and seller), home condition, and other essential details.
- Mobile Home Bill of Sale: Defines the rights of both the buyer and seller, and must be presented to your lender.
- Certificate of Title: Proves ownership and is required by local authorities and lenders.
- Additional documents may include (if applicable): Warranty documents, financing agreements, and insurance policies.
Carefully review and understand each document to ensure a smooth transaction and protect your interests.
Summary: How To Buy a Mobile Home in California
As you consider the path to affordable homeownership, remember these simple steps on how to buy a mobile home:
- Search online for mobile home communities that fit your needs
- Visit your top choices to explore amenities and environment
- Understand community rules and responsibilities
- Explore financing options
- Prepare for paperwork
Embracing mobile homeownership means adopting a lifestyle that combines affordability, convenience, comfort, and community.
Don’t let the housing market intimidate you – take the first step towards financial freedom with mobile homes.
We would love to welcome you to Rancho Grande in Atwater, CA. Our all-age mobile home community offers rural charm coupled with modern convenience:
- Quiet community close to the highway: Easy access to restaurants, entertainment centers, and golf course
- Community amenities: sparkling pool, clubhouse with cable TV, library, on-site laundry
- Pet-friendly perks: dog park
I live here best placed I’ve have lived. Best manager Debbie ever. She came in and did the laundry room she has made this park so much better. Great for kids to enjoy a clubhouse with a nice pool area. She’s on top of everything that comes in and out of here.
Leighann Hardin
Send us a message or visit us today! See you soon, neighbor!
