Tag: manufactured homes

Veterans, Ask us about purchasing a manufactured home Manufactured homes can offer low to moderate income families in NC, SC, and Virginia affordable housing.  But, lending on manufactured homes is going to be more strict than most other property types because of the higher foreclosure rates.  Additionally, they often depreciate in value when other home types have a much […]

A very popular question we receive from buyers and Realtors is, “How do I tell if a home is an off frame or on frame modular homes?” Looking at the outside and even walking inside of modular homes, you won’t be able to tell the difference. So if you want to know which type of modular you are looking at, you […]

Can a buyer purchase a Modular Home using a USDA Rural Development Home Loan? Absolutely!  We routinely lend USDA guaranteed home loans to build modular homes throughout NC, SC, and VA.  Modular Homes are sectional, prefabricated houses that consist of two or more sections which are typically manufactured in a controlled, high tech facility and are delivered to […]

Lenders and agencies require that a structural engineer perform a foundation certification. When considering the purchase or refinance of a manufactured home, lenders will require that the foundation meets HUD minimum guidelines when using a VA, FHA, or USDA home loan.  It is important to realize that manufactured homes are different from modular homes.  A […]