Podcast: Play in new window | Download

What are the Typical Closing Costs for a Manufactured Home on
Leased Land in a Florida Community?
For a manufactured home in a leased land community in Florida, the closing costs are
usually much lower than purchasing a traditional home because there is no land being
transferred and typically no title insurance or deed recording for real estate.
Typical buyer closing costs include:

Expense Typical Cost

Closing/Settlement Fee $500 to 800
Mobile Home Title Transfer $360 to 560
Documentary Stamp Tax (Sales Tax on Used
Homes)

6% of the purchase price, plus any applicable
county surtax
County/Recording Fees $75
Park Application Fee $50–$150 per applicant (varies by park)
Credit/Background Check Often included in application fee
Prorated Lot Rent Varies depending on closing date
Example
If you purchase a manufactured home for $60,000:
 Sales Tax (6%): $3,600 (plus any county discretionary surtax)
 Closing Fee: $600
 Title Transfer: $380
 Recording/County Fees: $75
 Park Application: $100
Estimated total: Approximately $4,500–$5,500, depending on the county and park
requirements.
If Financing
If the home is financed, buyers may also have:
 Loan origination fees
 Credit report fee
 Appraisal (if required)
 Lender document fees
 First year’s insurance premium
 Prepaid interest
These can add $1,000–$3,000 or more, depending on the lender and loan program.