Pacific family mobile home park. Affordable homes in santa cruz.
Zack Silva Real Estate Sales & Appraisals
Pacific Family Mobile Home Park
1730 Commercial Way, Santa Cruz
The Most Affordable Homes in Santa Cruz!
2 Bedroom homes for $79,000! 1 Bedroom homes for $59,000!
Down payment from $2,950! Monthly payment from $725!
Seller will pay your closing costs!
3 Bedroom Home Now Available!
Pacific Family Park is an all-age manufactured home community. The entire park (including streets, driveways, utilities, and clubhouse) has been recently renovated by South County Housing and is supported by the County of Santa Cruz and the Department of Housing and Community Development. The park is in a very convenient location near Hwy 1, bus lines, and Dominican Hospital.
Pacific Family Park is owned by a non-profit organization, South County Housing, so the future of the park and the rent control are very secure. This is a restricted sale price and restricted income park.
We are now offering several nearly new (built in 2009, never lived in) 1 and 2 bedroom Karsten homes for sale! Each home offers a low down payment with generous first time home buyer assistance available. This is the only park in the county with down payment assistance!
See bottom of page for park rules, sample monthly payments, down payment assistance, and income restrictions.
Never lived in Wood cabinets Tile backsplash High ceilings GE appliances Storage shed 1-2 car driveway 432 sq ft Laundry area Karsten quality
#14
#15 Easy parking.
#17 Easy Parking.
#32 Staged Model Home.
2 Bedroom Manufactured Homes:
$79,000
Available to families of 1-5 persons.
Never lived in Wood cabinets Tile backsplash High ceilings GE appliances Storage shed 1-2 car driveway 574 sq ft Stackable laundry area Karsten quality
Up to $25,000 assistance from CALHOME for 1st time buyers. No monthly payments due. Upon resale, $25,000 loan is repaid plus 3% simple interest per year ($750 per year based on $25,000).
Sample monthly payments:
All figures are estimates only. Your amount of down payment assistance, interest rate, insurance, and taxes may vary.
Loan options:
Bay Federal offers a straight 15 year loan. This loan will be paid in full in 15 years.
Santa Cruz Community Credit Union offers a straight 20 year loan with higher down payment. This loan will be paid in full in 20 years.
The following figures are based on a Bay Federal loan with minimum down payment and fully paid off in 15 years. Figures are based on a 8.75% interest rate.
1 Bedroom Home:
$59,000 Purchase price
$2,950 Out of pocket down payment
Up to $25,000 Down payment assistance
$31,050 First Mortgage
$310/mo mortgage payment (based on 8.75% interest rate and fully paid off in 15 years)
$335/mo space rent
$80/mo estimated taxes and insurance
=$725/mo total estimated monthly payment
2 Bedroom Home:
$79,000 Purchase price
$6,600 Out of pocket down payment
Up to $25,000 Down payment assistance
$47,400 Mortgage
$474/mo mortgage payment (based on 8.75% interest rate and fully paid off in 15 years)
$355/mo space rent
$81/mo estimated taxes and insurance
=$910/mo total estimated monthly payment
Are you interested? Here is what to do next:
1. Call or email me for a private showing of available homes.
2. Get pre-qualified by lender (Bay Federal or Santa Cruz Community Credit Union). In order to qualify for a mortgage, you will need a credit score over 640, documented income over $1,900/mo for a 1 bed and $2,390/mo for a 2 bedroom, and funds for down payment.
