Lenders views on helping home shoppers finance manufactured homes are changing. Today’s manufactured homes are of a higher quality than earlier manufactured homes, increasing the longevity of the dwelling. In turn, buyer interest has driven demand for more traditional home loans for manufactured homes. Government-insured loans, like HUD-backed FHA loans and VA Loans are financing options for manufactured or modular homes. Banks and home manufacturers offer more traditional chattel loans and mortgages to home shoppers as well. Taken from ~ The Guide to Buying a Manufactured Home  ..read more

Unlike traditional stick or site built homes, which are built piece-by-piece directly on the site where it will stand, manufactured homes are built in a factory before being moved to the location where the homeowner plans to live. The term manufactured home refers specifically to any factory-built home that was built after June 15, 1976. This is when the U.S. Department of Housing and Urban Development (HUD) instituted stricter guidelines around how mobile homes and other factory-produced homes could be constructed. Unlike conventional building codes, the HUD code requires manufactured homes t ..read more

The manufactured home trend is also appealing to all ages, particularly those in younger households. The stigma of “mobile homes” being a housing option reserved for boomers or retirees only is becoming increasingly antiquated, as all age groups are now interested in this resilient affordable housing option. Taken from ~ What to know about Luxury Manufactured Home Trends in 2024   ..read more

Most community living, such as apartment complexes, are not inherently private and lack the space an MHP can provide. The units share walls, hallways, lobbies and ultimately noise pollution. The parking accommodations are few and far between. In a manufactured home community, your lot is yours. Your home is yours, and privacy takes priority. Many residents have 2 or more cars that are easily parked on a driveway or in front of their home. Taken from ~ Benefits of Living in a Manufactured Home Community ..read more

When it comes to comparing manufactured and modular homes, a factor that can set them apart is the type of foundation typically used for each. If your manufactured home has a pier and beam foundation, it can usually be relocated by a specialized contractor. Depending on factors like where the home will be located, manufactured homes can also be placed on a permanent foundation, crawl space or basement. Taken from ~ Clayton Homes ..read more

The term manufactured home refers specifically to any factory-built home that was built after June 15, 1976. This is when the U.S. Department of Housing and Urban Development (HUD) instituted stricter guidelines around how mobile homes and other factory-produced homes could be constructed. Unlike conventional building codes, the HUD code requires manufactured homes to be constructed on a permanent chassis (a base frame with wheels) and be at least 320 square feet. Once delivered to the final location, the wheels are removed and the chassis is placed on piers, masonry crawl spaces or a concrete ..read more

When you are ready to buy a manufactured home, the more you have your financial situation in order, the better off you will be. Depending on the type of loan you are eligible for, it is important that you have money saved for the down payment and closing costs. Be sure you understand your credit score, which is a key factor that lending institutions use to determine the terms of your loan. Before you apply for credit, gather your bank statements, pay stubs, tax returns and other financial records. The more prepared you are, the faster you can get the process underway, know the budget you are w ..read more

The term manufactured home refers specifically to any factory-built home that was built after June 15, 1976. This is when the U.S. Department of Housing and Urban Development (HUD) instituted stricter guidelines around how mobile homes and other factory-produced homes could be constructed. Unlike conventional building codes, the HUD code requires manufactured homes to be constructed on a permanent chassis (a base frame with wheels) and be at least 320 square feet. Once delivered to the final location, the wheels are removed and the chassis is placed on piers, masonry crawl spaces or a concrete ..read more

In the past few years, there has been a steadily growing desire to have more intentional spaces and rooms in our homes. Of course, we still want spaces that are multi-functional, and open floor plans still offer the benefits they always have: creating an airy and flowing atmosphere that’s easy to move around in, providing great sightlines, and encouraging gatherings and togetherness. However, an appreciation for boundaries, a need for storage and a mindfulness of how space can be used are stirring interest in returning to a more closed layout. More defined spaces like separated dining areas an ..read more

There are two main ways to finance the purchase of a manufactured home. Conventional mortgages are available to qualified buyers who purchase their manufactured home along with a parcel of land. Personal property loans are available for homes located on land the buyer does not own, such as a manufactured home community, or when only the home is being financed and not the land. Taken from ~ Financing Choices ..read more