3 bedroom home (#8) is the last home available!! No down payment assistance available.
No more Calhome down payment assistance available. Buyers need at least 40% down for a Bay Federal mortgage.
The Most Affordable Homes in Santa Cruz!
2 Bedroom homes for $79,000! 1 Bedroom homes for $59,000!
Down payment from $3,600! Monthly payment from $770!
Seller will pay most 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 Sale Pending
2 Bedroom Manufactured Homes:
Sold Out
3 Bedroom Manufactured Home:
$119,900 Available Again!
Available to families of 1-7 persons.
3 years old Wood cabinets Tile backsplash High ceilings GE appliances Storage shed 2 car driveway 768 sq ft Laundry area Karsten quality
#8 Large 3 bedroom/1 bath home. Great Location. Easy Parking. No down payment assistance. Minimum 40% down required by Bay Federal. Click here for a virtual tour.
Additional Information:
Income restrictions for down payment assistance:1 person: $56,500, 2 persons: $64,550, 3 persons: $72,600, 4 persons: $80,650 5 persons: $87,150, etc.
Up to $25,000 assistance from CALHOME for 1st time buyers. No monthly payments due. Upon resale or at end of 30 year term, $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. Interest rate is approx 8.75%.
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. Interest rate starts at approx 7.75%
1 Bedroom Home financed by Bay Federal:
$59,000 Purchase price
$3,600 Out of pocket down payment
Up to $20,000 Down payment assistance
$35,400 First Mortgage
$354/mo 1st mortgage payment (based on estimated 8.75% interest rate and fully paid off in 15 years)
$335/mo space rent
$81/mo estimated taxes and insurance
=$770/mo total estimated monthly payment
1 Bedroom Home financed by Santa Cruz Community Credit Union:
$59,000 Purchase price
$9,500 Out of pocket down payment
Up to $20,000 Down payment assistance
$29,500 First Mortgage
$242/mo 1st mortgage payment (based on estimated 7.75% interest rate and fully paid off in 20 years)
$335/mo space rent
$81/mo estimated taxes and insurance
=$658/mo total estimated monthly payment
2 Bedroom Home financed by Bay Federal:
$79,000 Purchase price
$6,600 Out of pocket down payment
Up to $25,000 Down payment assistance
$47,400 Mortgage
$474/mo 1st mortgage payment (based on estimated 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
2 Bedroom Home financed by Santa Cruz Community Credit Union:
$79,000 Purchase price
$14,500 Out of pocket down payment
Up to $25,000 Down payment assistance
$39,500 Mortgage
$324/mo 1st mortgage payment (based on estimated 7.75% interest rate and fully paid off in 20 years)
$355/mo space rent
$81/mo estimated taxes and insurance
=$760/mo total estimated monthly payment
Are you interested? Here is what to do next:
1. Drive or walk through park to see homes from exterior.
2. Call or email me for a private showing of available homes.
3. 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 for Bay Federal ($1,645/mo for a 1 bed and $1,900/mo for a 2 bed for SCCCU), and funds for down payment.
Bay Federal Angie Weidemann 477-8567
Santa Cruz Community Credit Union Robin Parke 460-2304
