Even with certified compliance it often is more difficult to finance Manufactured Homes than Residential Site Built Homes. Manufactured Homes generally have lower market values than similar Residential Site-Built homes even though some fabrication processes can be performed to consistently higher standards in controlled factory manufacturing environments. The quality of all types of homes, including Manufactured Homes, vary widely, but some better-quality Manufactured Homes provide good value for the money because of their generally lower selling prices.
Manufactured homes are constructed in factories and then are moved either in one piece or in modules to residential lots where they are permanently installed on land that usually is owned by home owners. They must be fabricated in accordance with a U.S. Department of Housing and Urban Development (HUD) federal building code to qualify for most types of home financing.
Updated by Doretta Smith,