How Much Down Payment for a Mobile Home in California? How To Calculate It

If you're considering buying a mobile home, one of the most common questions you'll ask is: how much down payment for a mobile home in California? The answer varies depending on several factors, including your credit history, the type of property, and whether it will be your primary residence.

At Smart Money Mortgage, we help buyers navigate mobile home financing options across California. Here's what you need to know about down payment requirements before making your move.

How Much Down Payment for a Mobile Home in California?

For many buyers, the minimum down payment starts at 5% of the purchase price—but only if the mobile home will be your primary residence and you have good credit, typically a score of 640 or higher. This down payment applies to homes located in mobile home parks and categorized as personal property.

• Financing is available for up to 95% of the home’s price or appraised value (whichever is lower)
• Proof of stable income and limited recent credit issues is usually required

What Are the Options If You Have Lower Credit?

Not everyone has perfect credit, and that’s okay. If your credit score is below 600, you might still qualify for financing. Some programs even accept applicants with no credit history if you can put down 35% or more and meet income documentation requirements.

Secondary Homes Require Higher Down Payments

Planning to purchase a mobile home as a vacation or secondary residence? In that case, expect to make a minimum down payment of 15%. A higher credit score and verifiable income are also typically needed.

Investment and “Buy For” Loans Start at 20% Down

If you're buying a mobile home as an investment or on behalf of a family member who will live in the home, a “Buy For” loan applies. These loans require a minimum down payment of 20%. Note that the person living in the mobile home cannot be on the loan application.

Additional Expenses to Consider

Even though many closing costs can be included in your loan, some costs must be paid upfront. These include:

• Park application or approval fees
• Homeowner’s insurance premiums
• Notary charges
• Property tax prorations

Make sure to account for these when planning your total budget.

Work with California Mobile Home Financing Experts

At Smart Money Mortgage, we specialize in helping California residents understand their financing options for mobile and manufactured homes. Whether you're buying in Los Angeles, San Diego, San Jose, or anywhere else in the state, we’ll help you determine how much down payment you’ll need and walk you through the loan process.

Have questions? Let’s talk.

Call us at (866) 900-6868

Visit us at smartmoneymortgage.com

7545 Irvine Center Dr., STE 200, Irvine, CA 92618