Answers and information about affordable new, replacement, and custom-built Manufactured Homes in Ventura & Santa Barbara Counties

Answers and information from Paul & Yvon Prehn about affordable new and custom-built Manufactured Homes in Ventura & Santa Barbara Counties

Incredible Features included as STANDARD in Skyline Homes

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Skyline Homes are incredibly well-built, but in addition to that, many of their quality features are included as STANDARD features in their homes. What this means is that many other manufacturers have some of the same features available, but they will charge extra for them. Skyline includes many in the basic cost of their homes which are not any more expensive than other brands.

They have been doing great little videos called “Feature Friday” that let people know about some of these features and I put them together in a short video that I’ve inserted below that I think you’ll find useful. Contact me at yvonprehn@gmail.com if you want to find out more about these great homes.

 

Are you considering a manufactured home? Or do you own one and would like to replace it with a new home?

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If so, we’d love to help you! We are Paul and Yvon Prehn. We’ve lived in Lemon Wood Mobile Home Park in Ventura for over 15 years and we know and love manufactured home living. We have repaired them, redid and resold older ones, and now design, build, and sell new ones.

Please check out this website for how we can help you replace your current home, find a lot in the park you want, design a custom home for you, and oversee all aspects of tear-out, construction, and set up, all at a very reasonable price. We’ll discuss the entire process with you totally without pressure or obligation and we’d love the chance to serve you.

Please call Paul at 805-766-6020 or email Yvon at yvonprehn@gmail.com for any questions or more information.

GREAT options, floorplans, and prices–introducing Cavco Durango Homes!

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Our goal is to help all our clients get exactly the home they want at the very best price and we are excited to announce that we are now able to get homes for our clients from Cavco Durango!

They make wonderful homes with dozens of floorplans and some really incredible options. To share this exciting news with you and to show you some of what they provide, I created the video below.

Check it out and then contact me at yvonprehn@gmail.com or call me at 805-218-4858 and I’d be happy to talk to you totally without any pressure or obligation on what a new Cavco home would cost you and the incredible options and designs we can put together for you!

CLICK the following link to go to the Cavco website to look at the floorplans and more than I showed you in the video:  http://www.cavcodurango.com/

How does financing work for a Replacement Home?

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Financing for manufactured homes
Financing for a mobile home requires a specialized lender. This article recommends two find sources.

This is a little bit complex, but bear with me and I’ll give you an overview of what is possible and what isn’t.

First of all let me say that we strongly recommend that you pay cash for your entire process and that is what happens in the majority of the homes we put in. Having said that, there are times that a loan is needed for part of the process and that has worked out for some of our clients. The following is information on it, but please understand that we are not lenders and you must get all that information from the professionals listed below.

For specifics as to applying for a loan, rates, etc., you must talk to a lending institution. By law, we can’t give you that information. However, we do have two sources that we recommend who our clients have worked with successfully in the past. Their contact information is at the end of this article.

Overall information

For a replacement project to work out where you save the largest amount of money, you first need to own or purchase the lot (and older home) the new home will be built on. You cannot get a loan to both purchase the lot and older home as well as for the construction of a new home.

Note: for you to be able to get the totality of a new home and lot for it to be bundled into a financing package, a Manufactured Home Dealer would need to buy the lot and they would then mark-up the final purchase price significantly (up to $80,000 or more or whatever the market would bear). That is standard in the industry as they are assuming all the risk. When you are able to do it in the way described below, you save that mark-up.

We work directly with you as the homeowner, but for you to save the Dealer mark-up, you have to own the lot (and the older home on it). There are exceptions if you have lived there for some time and only have a small amount on your loan to pay off and the property has appreciated significantly–but you need to talk to your lender about specific cases.

Here is the typical process

  1. If you don’t have a lot, we can help you find a lot with an older home on it and you can buy it. If you already live in an older home you want to replace (or inherited it) you then go to the next step.
  2. You contact us and we can give you a rough estimate of the costs for putting on a new home. This will be a TOTAL, realistic estimate.
  3. At that point, you want to talk to a Lender (the contact and other information from the two we recommend is below).
  4. If the loan is approved, we will then write the contract and work out the payment plan with the lender.
  5. You will need to pay the upfront design and plot plan fees to us to proceed. This cannot be part of the loan. This is $6,500.
  6. If you have cash (which is always easiest and best), we simply write the contract and all the monies go into escrow.
  7. The escrow instructions will carefully detail the payouts of the monies, which must go to the factory for building the home, transport to bring it to the lot, the set-up costs (including lot prep and all accessory items such as driveway, shed, etc.), and finally the payouts to our company, Dealer of Record, taxes.
  8. Your home is built and you have a wonderful new home!

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