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Mobile Home vs. Condominium

May 4th, 2021

With many options available on the market when choosing a living space for your family, it may take a bit of research before you decide on the type of dwelling that best fits your needs and budget. If single-family homes that are built on-site have long been viewed as the standard for living accommodations, today people are more flexible when choosing the living space they need, as their jobs, lifestyles and financial situations become more diverse.

In this article, we will look into the pros and cons of two types of dwellings – mobile homes and condominiums – in an effort to help you determine which one may be better for you.

Mobile Homes

A mobile home is not built on-site, but is built and assembled in a factory, then transported to its location via trailer chassis. This tends to make mobile homes more affordable than traditional on-site homes – modern mobile homes don’t have permanent foundations, are often built more sustainably and allow more flexibility.

You can place your mobile home in a mobile home park, for which you will then pay rent and comply with certain regulations, or you can place it on land that you own.

Depending on your lifestyle situation and your expectations, mobile homes can offer unique advantages – such as the possibility of moving your home later on, should you purchase land somewhere else, and getting the living conditions you want for fewer dollars per square foot.

Condominiumsmobile home vs condominium

Condominiums are living spaces stacked next to and/or on top of each other in a community complex that may offer shared amenities to all the homeowners living there: security, swimming pools, gyms, parking, maintenance, playground, clubhouse, etc.

Condo buildings are, in many cases, built closer to urban areas to facilitate easier commuting to work for homeowners. Condos are often also located in proximity to transportation hubs, shopping centers and schools, making it relatively convenient for condominium owners to live their daily lives there.

Compared to living in a mobile home, condo living can be more expensive – and often much more expensive. Condominium owners may have to pay for their community amenities in the form of Homeowners Association fees. And if you are looking for a place of your own where you can enjoy privacy, condos in large community complexes may not be ideal for you.


Mobile homes and condos share some similarities, in the sense that they tend to be more affordable options than traditionally built single-family, detached homes. And mobile homes and condominiums may include community amenities which are paid for by owners as a monthly fee. Unless you buy your own land for the mobile home you purchase, you will follow the rules of the community you settled in, similar to condo living.

Ultimately, your decision about living arrangements may depend primarily on what you expect to get and your budget. Before you choose mobile home or condo living, explore the financing options available that will give you the freedom to choose the option you like the most.

For more information about the differences between a condominium and mobile home, visit our vlog for the Mobile home vs. Condo video.

Looking for Financing for a Mobile Home in Coastal California?

At Community West Bank, we specialize in financing for mobile homes – also referred to as manufactured homes – and serve communities throughout the coastal area of California, from San Diego to San Francisco.

If you’re interested in a mobile home and need financing, please contact us right away. We’re ready to discuss your options and ensure that you get the best loan for your needs and budget.

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