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Title II loans cannot be used for manufactured homes on leased land in manufactured home communities or mobile home parks. Down payments on a Title II loan can go as low as 3.5 percent, and terms ...
Owner financing is an arrangement in which an owner or seller, rather than a bank or mortgage lender, extends financing to a buyer. This can be a viable option for buyers who don’t qualify for a ...
The MHINCC distinguishes among several types of factory-built housing: manufactured homes, modular homes, panelized homes, pre-cut homes, and mobile homes. From the same source, mobile home "is the term used for manufactured homes produced prior to June 15, 1976, when the HUD Code went into effect."
According to HomeAdvisor, the cost to build a 1,800-square-foot modular home averages $270,000. Manufactured homes (once referred to as mobile homes, because the finished product can be moved) are ...
Manufactured house: a prefabricated house that is assembled on the permanent site on which it will sit. Modular home: a prefabricated house that consists of repeated sections called modules. Lustron house: a type of prefabricated house; Stilt houses or Pile dwellings: houses raised on stilts over the surface of the soil or a body of water.
Mobile homes are designed and constructed to be transportable by road in one or two sections. Mobile homes are no larger than 20 m × 6.8 m (65 ft 7 in × 22 ft 4 in) with an internal maximum height of 3.05 m (10 ft 0 in). Legally, mobile homes can still be defined as "caravans".