Compare Manufactured Homes and Mobile Homes

Compare Real Estate Mortgages on these two types of homes, manufactured and mobile homes, that can look very similar?

The construction process for the homes is one big difference between the two homes types, Mobile and Manufactured.

Compare Manufactured Homes and Mobile HomesManufactured homes are built in two or three sections and moved on to the property to be attached together to become one big home and be installed on a foundation of some type.

June 15th, 1976, the construction rules for manufactured homes changed when California pioneered a standard of construction for manufactured homes. The guidelines were later adopted by the Country.

Generally speaking, to finance a manufactured home now it must be constructed after July 16th of 1976, and be on a permanent foundation with a 433a Occupancy Certificate, to obtain the best mortgages.

We do have some special mobile home loan programs for Mobile and Manufactured homes built prior to 1976.

Another significant date is 1980. Some lenders consider earlier models of homes as mobile homes, not manufactured homes. Beginning 2010 the 1980 manufacturing date is becoming the new standard.

Mobile homes and manufactured homes both are assigned VIN numbers. Mobile homes are intended to stay on the wheels that they came on. Mobile homes are not attached to land and are treated much like cars for financing.

Even if you have a Mobile home situated on land that you own, it will still be treated as personal property because the foundation does not exist and it is not assessed with the real estate property taxes. There are more conditions as well.

Sellens Real Estate Lending can finance Mobile homes on Leased land in a Park, as well as homes classified as Manufactured, and the best traditional financing programs are offered to them. FHA, VA, Conventional, and Non-QC Programs.

Please call to discuss your particular home loan goals.

Please read other financial articles on this web site regarding manufactured home financing.

We offer Low Fees and Fair Priced Loan Programs for Mobile Homes in a Mobile Home Park on Leased Land.

Author’s Notes:

When you view homes, it’s important to use an Real Estate Agent that really knows the community and the manufactured Home Types, so you begin on the right path.

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