What is the Difference Between Modular and Manufactured Homes?

By
Mortgage and Lending with The Mortgage Network NMLS#244003 LMB#100008914

Aside from your standard Single Family Residence, Condo, and Townhome, there are 2 other types of home that will come up while you show your buyers property. It is important that you understand these types of homes, and the traditional types of financing involved, and more importantly, the lenders that can close your loan.

Manufactured Homes, aka Prefab Homes, aka Mobile Homes

Manufactured housing is a type of prefabricated house that is mostly assembled at factories and then transported to the sites of use.

Below is a picures of a manufactued home.

The construction of all manufactured homes marketed in this country are strictly regulated by the U.S Department of Housing and Urban Development's Manufactured Home Construction and Safety Standards ( or the HUD Code). Manufacturers, in most cases, view the HUD Code as minimum performance standards.

They can also exceed these standards in their basic designs with updgrades for energy efficiency and overall performance. The HUD Code not only covers the construction of the home, but also heating, air conditioning, ventilation, plumbing, thermal and electrical systems.

Manufactured homes are also affordable. Manufacturers purchase their building materials in volume, in a controlled environment, utilizing a systems engineered production method. There are no costly weather delays in the construction process. These homes are less labor intensive to make and also require a shorter production time in relation to your standard single family home on a lot.

The incident of fire is actually lower in a HUD Code Manufactured Home, and construction requirements for wind resistance are equal to and even more stringent then the requirements for manufactured homes sold and placed in high wind areas.

Just like buying a brand new single family home, most manufacturers homes come in a variety of floor plan designs to meet almost anyones housing needs.

To get approved for your next Manufactured home purchase, click here.

Modular Homes

Modular homes are sectional prefabricated buildings, or houses, that consist of multiple sections called modules. These modules are six sided boxes constructed in a remote facility, then delivered to their intended site of use. Using a crane, the modules are set onto the buildings foundation and joined together to make a single family residence or building. These modules can be placed side by side, end to end, or stacked up to six stories in height, allowing a wide variety of configurations and styles in the building layout.

Below is a picture of a Modular home

Many lending institutions resist consideration of modular homes as equivalent in value to site built homes. To get approved for your next Modular home purchase, click here.

In the United States all modular homes are constructed according to the International Building Code (IBC), IRC, BOCA, or the code that has been adopted by the local jurisdiction.

The materials used in modular homes are the same as site constructed homes. All modulars are designed to sit on a perimeter foundation or basement.

According to manufacturers, modular homes are designed to be stronger than traditional homes by, for example, replacing nails with screws, and adding glue to joints.

 

 

Posted by
Brian Paul Quigley
THE MORTGAGE NETWORK
Senior Mortgage Consultant, MBA
600 South Cherry Street, Suite 143
Denver, CO 80246
720 524 3215 - Office
720 949 5630 - Cell
303 547 3382 - Fax
www.brianquigley.com http://www.brianquigley.com/>
"When Service Matters"

Personal NMLS#244003
CO License #LMB100008914
Superior Service Since 1985, Serving Colorado, New Mexico and Southwestern Florida
Colorado mortgage brokers license number 100024777
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Groups:
Realtors®
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RE/MAX Active Rain Bloggers
Tags:
manufactured homes
modular homes
mobile homes
financing manufactured homes
pre fabricated homes
financing modular homes

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John DL Arendsen
CREST BACKYARD HOMES, ON THE LEVEL GENERAL & FACTORY BUILT HOME CONTRACTOR, TAG REAL ESTATE SALES & INVESTMENTS - Leucadia, CA
Crest Backyard Homes "ADU" dealer & Contractor

Brian, Great post on Manufactured vs Modular Housing. We're also Active Rain members since 2009. We'd love to network with you. We provide Nationwide engineered certification, affidavit of affixture or 433a documentation if in California and foundation retrofitting. We would love for you to join our Active Rain group:

http://activerain.com/groups/manufacturedhomes

Jan 31, 2014 02:33 AM #1
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Brian Quigley - 720-524-3215

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