For folks in the Industry who have worked for years to get rid of the term "mobile home" - I apologize... but here in North Carolina... that's what we call 'em.

At one point in the last 10 years - 40% of all housing in NC was considered to be manufactured housing.  This is a big market!

Many folks refer to "manufactured housing" as anything sitting on one of those lots on US 70 or US 64 near Sanford (or the ones in Wake Forest, or Wilmington, or Henderson, or Dunn - all over the place really).  The truth is, not everything sitting on one of those lots IS a mobile home, and I figured I'd let you know some of the "Good and Bad" that I've recently learned.

Manufactured Housing really does refer to the properties that are driven out to the site and placed on a permanent foundation.  These properties should have a "HUD" sticker near the fuse box or under the sink.  That HUD sticker means we can probably make a FHA loan on the property.  There will need to be a special foundation inspection each time you seek new financing on the property (may not be required for a refinance - but I wouldn't even rule that out these days!).

If the home was brought in on a trailer - but it has a "plate" and NOT a HUD sticker - then it's probably a MODULAR home.  Big difference - and not something I want to get into right now.  The thing I want folks to understand is that a MODULAR home qualifies for all kinds of loans - MANY more options than just FHA!

If you are considering a purchase of a Mobile Home, Manufactured Home or Modular Home - and you think you meet the income and credit requirements, contact Steve and Eleanor Thorne,