WHAT IS A MANUFACTURED HOME?
A common fallacy is to call a manufactured home a PRE-FAB home or TRAILER. The definition provided by the State of California Department of Housing is that a Manufactured Home is a structure that is transportable in one or more sections. It must be at least eight feet wide and forty feet long. When erected on site, it is at least 320 square feet. Manufactured homes are build on a permanent chassis and designed with or without a permanent foundation when connected to required utilities.
WHAT ABOUT HUD (U.S. Department of Housing and Urban Development)?
Factory built homes/manufactured homes have been built to HUD codes since 1979.
Manufactured homes built in 1980 or after which are in mobile home parks are taxed as personal property with your local county tax assessor and registered with the Department of Community Development in Sacramento.
Homes built in 1979 or prior have yearly fees payable to the Department of Housing and Community Development in Sacramento.
The average space rent in mobile home parks in Napa run between $400 and $500 a month plus utilities.
WHAT ABOUT LOANS?
HOME ONLY (Chattel Loan) in mobile home parks have a minimum 5% down 15-20-25 year loans. Interest rates start at 8%. LAND HOME (construction loans) have various pay outs, rates and terms.
WHAT IS THE AVERAGE PRICE/SQ FT?
Prices run from $59/sq ft and up, not including construction and transportation costs.
SueAnn Paul, President
1031 Jefferson Street
Napa, Ca. 94559