conventional construction to perm loan

Our One Time Close Construction Loan is Now Available with Conventional Underwriting.

True to our commitment to bringing the finest manufactured home loan products to California, we are proud to introduce the new Freddie Mac Construction Conversion Loan.

Changes in California Manufactured Home Industry

Positive changes for California manufactured home buyers coming in 2019

From attitude to design to recognition by financial markets, the manufactured home industry across the nation is changing.

Making manufactured homes part of the affordable housing solution makes more sense than ever before. How will changes impact California home owners, buyers and the agents that help them?

selling-manufactured-home-in-winter

Reasons Why Winter is a Great Time to Buy or Sell You Manufactured Home

It’s a common misconception that you shouldn’t try to buy or sell a home during the fall and winter months. This is generally considered the “offseason” in real estate. Many sellers mistakenly believe that the cold weather will keep buyers away and that no one is looking over the holidays. Unfortunately, many real estate professionals perpetuate this myth by advising their clients to “wait until the spring” to list their home.

The truth is, homes are bought and sold year round, especially in California where hard winters are not an issue. And while the market is typically quieter during the fall and winter, savvy buyers and sellers know how to use this slow down to their advantage.

rent-control-mobile-home-park

"Will mobile home parks be affected by Proposition 10?"

The answer is No.

Mobile home parks are not affected by by the Costra-Hawkins Rental Housing Act.  However, rent control for mobile home parks already exists in many California jurisdictions. And we expect to see more restrictions on large mobile home park rent increases, but not because of voters.

The State of California says over 5% of the state's population lives in a mobile home or manufactured home. A large percentage of those are in land lease communities, aka mobile home parks. The home owner owns the home and leases the lot under a lease agreement with the park owner.

MH Advantage Home and Loan Program

 Announcing our first Duty to Serve Program, the Fannie Mae Advantage Program.

Conventional financing, including the Fannie 3% down option for new program certified manufactured homes that are built to modern standards, featuring amenities like garages, dormers and site built similarities. The program supports new manufactured home construction that can blend into existing neighborhoods or even support new affordable development.

manufactured home buyers guide

Manufactured Home Buyers Guide - "In  Park"

Most of our buyers know that purchasing a mobile home or manufactured home in a mobile home park is an affordable way to live in California. Many don't understand the value or the process.

 

Purchasing a manufactured home does not have to be difficult. But the process is different than traditional real estate lending, similar but different.

California Manufactured Housing Provides Diverse Ownership Opportunities

Since we reworked our sites, we are circling back and covering some of the fundamentals of California manufactured home sales and finance. One of the questions we are frequently asked is about the differences in manufactured home ownership classification in California.

What type of ownership is best? It can be confusing. Land Lease, Land Owned, PUD, Fee Simple, Co-op, Condo. Condo?

The MH Loans California Companies

Modernized Resources at The MH Loans California Companies "We've Grown."

Modernizing California Manufactured Home Sales and Finance. Merged sales and finance systems  

In 2012 we started a plan to move from an internet based loan service to a real live "boots on the ground" operation in Southern California including used and new home sales.  We're in our fourth year and are continuing to expand. We thought this was a good time to consolidate our message and make some updates across our entire platform.

The American Way is to build something and then figure out how to finance it, right?   You always hear the term Sales AND Finance; not the other way around.  We built our business backwards. We were lenders first and then merged our sales and development experience into our business structure. We probably should have coined the phrase Manufactured Home Finance AND Sales. Any way you put it, we are continuing to grow and develop.