Blog Entry

What are my options for Financing the Purchase of a Manufacutured Home?

There are many alternatives for financing your home, including a growing number of lending institutions that are providing conventional and government - insured financing plans for prospective owners.  The most common method of financing a manufacutred home is through a retail installment contract, available through your retailers.  Some lending institutions that offer conventitional, long- term real estate mortgages may require the homes to be placed on approved foundations.  Manufactured homes are eligible for government- insured loans offered by the Federal Housing Administration (FHA) the Veterans Administration (VA) and the Rural Housing Services (RHA) under the U.S. Department of Agriculture. 

Taken From~ HUD General Program Information

What is the Difference between a Manufactured & Modular Home?

Manufacutred homes are constructed according to a code administered by the U.S. department of Housing and Urban Development (HUD Code).  The HUD code, unlike conventional building codes, requires manufactured homes to be constructed on a permanent chassis.  Modular homes are constructed to the same state, local or regional building codes as site-built homes.  Other types of systems-built homes include panelized wall systems, log homes, structural insulated panels, and insulating concrete forms. 

Taken from ~ HUD Manufactured Housing Standards

What are Manufactured Homes?

Manufactured homes (formerly known as mobile homes) can be a great alternative for first - time and other homebuyers. These homes are built to the Manufactured Home Consturction and Safety Standards (HUD Code) and displays a red certification label on the exterior of each transportable section. Manufactured homes are built in the controlled environment of a manufacturing plant and are transported in one or more sections on a permanant chassis. 

Ideas for Remodeling Older Mobile Homes

Mobile home walls are often what makes the home look least like a site built home.  If the mobile homes have wallboard with stripping on them, then changing this look can be a great help.  These walls can be painted a solid color or the strips can be removed, and filled with plaster.  This plaster will then need smoothed and painted.  Paneled walls can be done the same way on a manfuactured home.  Another help is laying new linoeum in your home.  This can brighten up the room and update the look.  If you cannot afford cabinet replacement, the cabinets can be painted or new cabinet handles is a great solution.  A kitchen and bath can be modernized by replacing the faucets.  A key to replacement for mobile home parts is to find a mobile home parts store. 

Home Sweet Mobile Home

Be it ever so humble, there's no place like a mobile home!  But in order to protect it you have to have the right insurance.  As with any policy you should get a lot of quotes from different companies.  Make sure your insurance carrier for you manufactured home has a good reputation and is financially strong, with an A+ or A rating from an independent rating firm.  You should go to an insurer that specializes in mobile homes.