would like to receive pre-qualification on a home loan, please click on
the Loan Application button, print the application, complete the
application, and either fax it to our finance office at 951-684-3318,
or contact Ken @ 951-684-4491. It's fast, it's easy, it's
secure. Thank you.
Factory-built homes are one of the most affordable types of housing
- generally priced at about half the cost of new site-built homes.
Gold Coast can offer loans with 5% down to
Length of loans can vary from 5 years to 30 years
based on loan amount and age of home.
New homes = 25-30 year terms
Used homes = 5-20 year terms
Gold Coast does have loans available for homes as
old as 1968.
(shorter terms, larger down payments, higher rates will
Credit Scores below 600 are considered on a case
by case basis.
Maximum DTI (Debt to Income Ratio) = 50%.
Minimum down payment required for a primary
residence is 5 - 10%.
(depending on credit worthiness).
Minimum down payment required on 2nd home
(Vacation or Investment) = 20%.
Equity Programs available for applicants scoring
less than 620. Minimum 35-40% down payment required.
Personal property loan ("chattel" loan): A factory-built home
purchased separately from its lot is financed as personal property.
These loans, similar to those made on cars, boats and other major
purchases, are a popular way to finance factory-built homes in
communities or on rented or leased property. Interest rates are
usually 2 to 3 percentage points higher than those for site-built
homes. It is generally easier to get approval for this type of loan
because it allows for a higher debt-to-income ratio.
you’ll need to consider:
Age of home
Interest Rates will vary
Age of home
or if land is
Gold Coast Mobile Home Sales is not a Lender.
Information is subject to change without notice.