Manufactured homes

Manufactured homes are similar to mobile properties, according to HUD, with the exception that anything prior to June 15, 1976 is called a mobile, and anything after 1976 is a manufactured.

Unlike a traditional home, a manufactured home is built directly on site, and not always with traditional solid foundations. Manufactured homes may even have crawl space underneath, or built on a metal frame. In some scenarios, the home may even have strap downs, or layed down on a solid foundation. However, they are built entirely in a factory and then moved to the site where they are installed. There are pros and cons of manufactured houses and they have a lot of advantages. They are relatively inexpensive to purchase and install – especially if you opt to include financing in your price – and they require less space than a traditional home would.

Even though they are built off-site, they are still just as well made and durable as a standard home and can be installed quicker than a single family home. They're also very energy efficient and environmentally friendly. For this reason, many people are opting to purchase manufactured homes instead of traditional ones. You should have the land and have your manufactured home properly installed at the site where it is intended to be used.

Manufactured homes

The mortgage process for a manufactured home is similar to that of a traditional home. You can apply for financing through your bank or other financial institution. Some lenders may not provide loans on manufactured homes, however has access to lenders that lend on them. For a period of time, some lenders don't lend on manufactured houses, but over the recent years this has changed.

If you want to purchase a manufactured home, Mortgage Quote is here to help, we have mortgage programs to meet your needs. We can assist you in finding lenders that are willing to provide loans for manufactured houses, and help you manage the whole mortgage process from start to finish.


What are mobile, manufactured, and modular homes?