What is a Manufactured Home?
A manufactured home is built to the Manufactured Home Construction and Safety Standards (HUD Code 3280). Manufactured homes are built in the controlled environment of a manufacturing plant and are transported in one (1) or more sections on a permanent chassis.
To help identify a manufactured home, look for a red metal tag located on the exterior of each of the transportable sections, and a non-removable steel chassis that is usually visible underneath. Manufactured homes arrive on their own wheels and have a hitch tongue for transporting. They also usually have much less of a roof pitch than conventional homes.
A growing number of lending institutions are providing conventional and government-insured financing plans for prospective owners. Some lending institutions that offer conventional, long-term real estate mortgages may require that homes are 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 (RHS) under the U.S. Department of Agriculture.
HUD’s Housing Counseling Clearinghouse operates a toll-free 24-hour a day automated voice response system that provides referrals to local housing counseling agencies, at 1(800)569-4287.
Source: U.S. Dept. of Housing & Urban Development www.hud.gov