Special Paperwork for Mobile Homes in California Bill of sale. California Multi-Purpose Transfer Form. Original title. County tax clearance certificate.
FHA loans with terms up to 30 years are available for manufactured housing. They require only a 3.5% down payment and are more flexible about credit score. Veterans and qualified family members may benefit from VA loans, which also offer lower interest rates.
The Bottom Line Chattel mortgages are a little-known but potentially good option if you're looking to finance a manufactured home or heavy equipment. These loans are smaller than conventional loans and tend to have higher rates, but they have shorter terms and quicker payoffs.
Pursuant to section 5801(b)(2), manufactured homes are not classified as real property and, therefore, are classified as personal property. However, manufactured homes are treated and valued similar to real property assessed under the provisions of article XIII A of the California Constitution.
In order to change the title / ownership of your mobile home, you will first need to contact the Department of Housing and Community Development (H.C.D.). They will send you a packet of information and a list of the documentation necessary.
Weekly national mortgage interest rate trends 30 year fixed6.95% 15 year fixed 6.22% 10 year fixed 6.08% 5/1 ARM 6.26%
In California, property law distinguishes between two main types: real property and personal property. Real property refers to land and anything permanently attached to it, like homes or buildings (Civ.