Good question! Well, let’s get real here! If the home is manufactured on an assembly line and then transported to a site for which it will sit, it is manufactured! Call it what you will–mobile home, manufactured or even the ugly word “trailer”, they are the same! However, if the unit is on real property and not in a park, and it has a permanent foundation and built after July 1976, the lender who will finance this type of home will call it a manufactured home. And, it is definitely NOT a modular home. They are not allowed in mobile home parks!
A modular home is a pre-fab home that consists of repeated sections called “modules”. Modular homes are placed on a permanent foundation. Manufactured homes are built on a steel chassis with wheels attached (which are removed once the home is set down on the site).
Certain lenders specialize in financing manufactured/mobile homes not on a permanent foundation. Community West Bank, Mr. Clay Dickens, 805-692-4429, is one of my favorites, along with CRM Funding, Pat Ramey, 805-656-6141, is another of my favorite lenders. If you are considering financing, take your pick! Both are great!
Senior parks with manufactured homes are: Ventura Marina Community, Buenaventura, Lemonwood, LaPosada, Sunny Acres, Thunderbird in Thousand Oaks, Vallecito and Ventu Villa in Newbury Park. Those are a few of the nicer parks. If you prefer a home on a foundation, there is Rancho Ventura, Hollywood Beach, Camarillo Springs and Rancho Adolfo. All very nice, and I have experience in all of the above parks.
Call me for further information 818-268-2200!
Sally Fisher
