We specialize in Mobile and Modular Home Loans!
The term Mobile Homes is often used interchangeably with the term Manufactured Homes but in fact they mean quite different things. Mobile Homes refers to homes built prior to 1976 when the HUD code governing building standards for factory-built homes was instituted, greatly improving quality standards. Homes built from that year on should, technically, no longer be referred to as Mobile Homes but instead are Manufactured Homes and are built to a higher standard of quality than yesterday's "Mobile Homes" and, in fact, often featured better quality construction than site-built homes . But, by whatever name, today's factory-built homes are a great option for the most home for your dollar!
Modular homes are homes that are built in two or more sections in a controlled factory setting that are then transported and assembled at the building site. Modular homes are built to either local or state building codes as opposed to manufactured homes (sometimes still erroneously referred to as mobile homes) which are also built in a factory but are governed by a federal building code.
Modular homes can be completely customized to meet the home-buyers needs and tastes as well as to meet local building and zoning codes and to better withstand local issues such as hurricanes, earthquakes or snowload. Modern modular homes are built with the highest quality materials and construction. The greater efficiency of building homes in a factory environment, rather than on-site, means that you, the home-buyer, can move into the home of your dreams at a significant savings and with a higher level of quality than you would if you were to choose a site-built home rather than a modular home.
Since they are built to local building codes, modular homes are treated the same as site-built homes with respect to zoning, financing, appraisal, and value appreciation.
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