We are buying a mobile home with a loan, but it is on leased land so we pay rent for the space. We also pay county personal property tax. Would we qualify as a first-time homebuyer?

First-Time Homebuyers

We are buying a mobile home with a loan, but it is on leased land so we pay rent for the space. We also pay county personal property tax. Would we qualify as a first-time homebuyer?

Search

Rating: Be the first to rate this item

You may qualify as a first-time homebuyer, but unfortunately, you wouldn't be able to use our programs to purchase this type of mobile home: the mobile home is taxed as personal property instead of real estate, which makes it ineligible

CalHFA does not lend money directly to consumers. CalHFA works through and uses approved private lenders to qualify consumers and to make all mortgage loans. CalHFA purchases closed loans that meet CalHFA's requirements. The fees consumers pay could be different depending on the lender and the program.

Poor

Outstanding

(0/10)

What suggestions do you have to make the content better?

Comments left here will not be responded to. Please click Contact Me if you wish to be contacted

Submit

We are buying a mobile home with a loan, but it is on leased land so we pay rent for the space. We also pay county personal property tax. Would we qualify as a first-time homebuyer?

https://www.fuzeqna.com/calhfa/ext/kbdetail.aspx?kbid=489