{"id":2018,"date":"2016-10-17T20:01:07","date_gmt":"2016-10-17T20:01:07","guid":{"rendered":"http:\/\/riverbankfinance.com\/blog\/?p=2018"},"modified":"2016-10-19T19:59:18","modified_gmt":"2016-10-19T19:59:18","slug":"manufactured-vs-modular-homes-what-is-the-difference","status":"publish","type":"post","link":"https:\/\/riverbankfinance.com\/blog\/manufactured-vs-modular-homes-what-is-the-difference\/","title":{"rendered":"Manufactured vs Modular Homes: What is the Difference?"},"content":{"rendered":"<h3>Manufactured vs Modular Homes: What is the Difference?<\/h3>\n<p>There has always been a great deal of confusion regarding what constitutes a\u00a0manufactured home and what constitutes a modular home. A large portion stems from incorrect word usage, as many people use these terms interchangeably.\u00a0However, these two types of homes are largely different and do not reference the same type of home. The other issue lies in the fact that modular homes are technically manufactured but do not fall under that classification. Manufactured probably\u00a0isn\u2019t the best naming device since both types are technically factory made. At the end of the day, knowing\u00a0the difference is important as\u00a0it could have a rather large impact on your home mortgage.<\/p>\n<h3>Manufactured, Modular, Mobile&#8230; oh my!<\/h3>\n<p>As if there was not enough confusion between manufactured and modular homes,\u00a0there are also\u00a0mobile homes. In all honesty, all of these types of homes could possibly be referred to as mobile, but here&#8217;s the real difference; by definition, mobile homes are\u00a0factory built and\u00a0made before 1976 when the Department of Housing and Urban Development (HUD) code standards for those homes was instituted. After the codes, they came known as manufactured. Manufactured homes are essentially trailers (single, double, and triple wide) that are standardized by HUD. In contrast, although they are factory built, modular homes are actually difficult to distinguish from traditional stick-built onsite\u00a0homes.<\/p>\n<p>According to the International Association of Certified Home Inspectors (InterNACHI), there is a list of items that help distinguish between a Manufactured home and a Modular home:<\/p>\n<h3>Manufactured Homes Checklist<\/h3>\n<ul>\n<li>conform only to HUD code.\u00a0Some homes contain a red tag that confirms that the unit was manufactured in compliance with this code;<\/li>\n<li>are inspected, but do not have to be structurally approved by an inspector;<\/li>\n<li>are manufactured in sections\u00a0at factories;<\/li>\n<li>are never more than one story;<\/li>\n<li>do not have a permanent or conventional foundation;<\/li>\n<li>tend to lose value over time because they are difficult to expand or improve;<\/li>\n<li>are transported to the site on their own wheels;<\/li>\n<li>are transported on steel chassis that\u00a0are never removed;<\/li>\n<li>are often placed on property owned by others, such as public land that is leased by the homeowner;<\/li>\n<li>are\u00a0treated\u00a0as a separate lending category from\u00a0modular and on-site built homes; and<\/li>\n<li>are rarely custom-designed. The buyer can choose from homes that have already been built and receive it within days.<\/li>\n<\/ul>\n<h3>Modular Homes Checklist<\/h3>\n<ul>\n<li>must conform to the same local, state and regional building codes as homes built on-site;<\/li>\n<li>are treated the same by banks as homes built on-site. They are easily refinanced, for example;<\/li>\n<li>follow the same market trends as site-built houses;<\/li>\n<li>must be structurally approved by inspectors;<\/li>\n<li>can be of any size, although the block sections from which they are assembled are uniformly sized;<\/li>\n<li>are often more basic than homes built on-site, but they tend to be sturdier;<\/li>\n<li>are highly customizable. Design is usually decided by the buyer before construction has begun; and<\/li>\n<li>generally, take\u00a0eight to 14 weeks to construct. Differing\u00a0from a site-built home,\u00a0the foundation can be dug at the same time that the house is being constructed.<\/li>\n<\/ul>\n<p>Are you interested in purchasing a manufactured or modular home? Riverbank Finance can help you finance that! Learn more about <a href=\"http:\/\/riverbankfinance.com\/mortgage-programs\/mobile-home-michigan.html\">Manufactured Home Financing<\/a> here.<\/p>\n<p>Have a specific scenario you\u2019d like to run past us?\u00a0 Give us a call to speak with one of our licensed loan officers. We would love to recommend the best loan program for you and your situation.<\/p>\n<h3>Apply for a Mortgage<\/h3>\n<p>To apply for a Mortgage call Riverbank Finance today at 1-800-555-2098.<\/p>\n\n<div class=\"wpcf7 no-js\" id=\"wpcf7-f185-o1\" lang=\"en-US\" dir=\"ltr\" data-wpcf7-id=\"185\">\n<div class=\"screen-reader-response\"><p role=\"status\" aria-live=\"polite\" aria-atomic=\"true\"><\/p> <ul><\/ul><\/div>\n<form action=\"\/blog\/wp-json\/wp\/v2\/posts\/2018#wpcf7-f185-o1\" method=\"post\" class=\"wpcf7-form init\" aria-label=\"Contact form\" novalidate=\"novalidate\" data-status=\"init\">\n<fieldset class=\"hidden-fields-container\"><input type=\"hidden\" name=\"_wpcf7\" value=\"185\" \/><input type=\"hidden\" name=\"_wpcf7_version\" value=\"6.1.5\" \/><input type=\"hidden\" name=\"_wpcf7_locale\" value=\"en_US\" \/><input type=\"hidden\" name=\"_wpcf7_unit_tag\" value=\"wpcf7-f185-o1\" \/><input type=\"hidden\" name=\"_wpcf7_container_post\" value=\"0\" \/><input type=\"hidden\" name=\"_wpcf7_posted_data_hash\" value=\"\" \/><input type=\"hidden\" name=\"_wpcf7_recaptcha_response\" value=\"\" \/>\n<\/fieldset>\n<div class=\"ApplyFullHeader\" id=\"apply_form\">\n\t<p class=\"replaceheader\">Request Information Now!\n\t<\/p>\n<\/div>\n<div class=\"blueBox\">\n\t<p><span class=\"wpcf7-form-control-wrap\" data-name=\"your-name\"><input size=\"40\" maxlength=\"400\" class=\"wpcf7-form-control wpcf7-text wpcf7-validates-as-required\" aria-required=\"true\" aria-invalid=\"false\" placeholder=\"Your Name (required)\" value=\"\" type=\"text\" name=\"your-name\" \/><\/span>\n\t<\/p>\n\t<p><span class=\"wpcf7-form-control-wrap\" data-name=\"your-email\"><input size=\"40\" maxlength=\"400\" class=\"wpcf7-form-control wpcf7-email wpcf7-validates-as-required wpcf7-text wpcf7-validates-as-email\" aria-required=\"true\" aria-invalid=\"false\" placeholder=\"Your Email (required)\" value=\"\" type=\"email\" name=\"your-email\" \/><\/span>\n\t<\/p>\n\t<p><span class=\"wpcf7-form-control-wrap\" data-name=\"your-phone\"><input size=\"40\" maxlength=\"400\" class=\"wpcf7-form-control wpcf7-text wpcf7-validates-as-required\" aria-required=\"true\" aria-invalid=\"false\" placeholder=\"Phone:\" value=\"\" type=\"text\" name=\"your-phone\" \/><\/span>\n\t<\/p>\n\t<p><span class=\"wpcf7-form-control-wrap\" data-name=\"your-goal\"><select class=\"wpcf7-form-control wpcf7-select\" aria-invalid=\"false\" name=\"your-goal\"><option value=\"Purchase\">Purchase<\/option><option value=\"Refinance\">Refinance<\/option><option value=\"Cash Out\">Cash Out<\/option><option value=\"More Information\">More Information<\/option><\/select><\/span>\n\t<\/p>\n\t<p><span class=\"wpcf7-form-control-wrap\" data-name=\"your-message\"><textarea cols=\"40\" rows=\"10\" maxlength=\"2000\" class=\"wpcf7-form-control wpcf7-textarea\" aria-invalid=\"false\" placeholder=\"Your Message:\" name=\"your-message\"><\/textarea><\/span>\n\t<\/p>\n\t<p><span class=\"wpcf7-form-control-wrap\" data-name=\"referer-page\"><input size=\"40\" maxlength=\"400\" class=\"wpcf7-form-control wpcf7-text referer-page\" aria-invalid=\"false\" value=\"\" type=\"text\" name=\"referer-page\" \/><\/span><br \/>\n\t\n\t<\/p>\n\t<p><input class=\"wpcf7-form-control wpcf7-submit has-spinner submit\" type=\"submit\" value=\"Submit Now!\" \/>\n\t<\/p>\n<\/div>\n<div style=\"text-align: justify; color:#666666;font-size: small;\">\n\t<p>By clicking \"Submit Now!\", you consent to receive calls and texts at the number you provided, including marketing by autodialer and prerecorded and artificial voice, and email, from Riverbank Finance LLC about your inquiry and other home-related matters, but not as a condition of any purchase; this applies regardless of whether you check, or leave un-checked, any box above. You also agree to our Privacy Policy and Terms of Use regarding the information relating to you. Msg\/data rates may apply. This consent applies even if you are on a corporate, state or national Do Not Call list. This no obligation inquiry does not constitute a mortgage application. To apply now or get immediate assistance, call us at 1-800-555-2098.\n\t<\/p>\n<\/div><p style=\"display: none !important;\" class=\"akismet-fields-container\" data-prefix=\"_wpcf7_ak_\"><label>&#916;<textarea name=\"_wpcf7_ak_hp_textarea\" cols=\"45\" rows=\"8\" maxlength=\"100\"><\/textarea><\/label><input type=\"hidden\" id=\"ak_js_1\" name=\"_wpcf7_ak_js\" value=\"222\"\/><script>document.getElementById( \"ak_js_1\" ).setAttribute( \"value\", ( new Date() ).getTime() );<\/script><\/p><div class=\"wpcf7-response-output\" aria-hidden=\"true\"><\/div>\n<\/form>\n<\/div>\n\n","protected":false},"excerpt":{"rendered":"<p>Manufactured vs Modular Homes: What is the Difference? There has always been a great deal of confusion regarding what constitutes a\u00a0manufactured home and what constitutes a modular home. A large portion stems from incorrect word usage, as many people use these terms interchangeably.\u00a0However, these two types of homes are largely different and do not reference<a class=\"excerpt-read-more\" href=\"https:\/\/riverbankfinance.com\/blog\/manufactured-vs-modular-homes-what-is-the-difference\/\" title=\"ReadManufactured vs Modular Homes: What is the Difference?\">&#8230; Read more &raquo;<\/a><\/p>\n","protected":false},"author":10,"featured_media":2021,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[301],"tags":[785,754,787,786,788],"class_list":["post-2018","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-buying-a-home","tag-manufactured-home","tag-manufactured-home-loan-requirements","tag-manufactured-vs-modular","tag-modular-home","tag-modular-home-loan-requirements"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/riverbankfinance.com\/blog\/wp-json\/wp\/v2\/posts\/2018","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/riverbankfinance.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/riverbankfinance.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/riverbankfinance.com\/blog\/wp-json\/wp\/v2\/users\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/riverbankfinance.com\/blog\/wp-json\/wp\/v2\/comments?post=2018"}],"version-history":[{"count":4,"href":"https:\/\/riverbankfinance.com\/blog\/wp-json\/wp\/v2\/posts\/2018\/revisions"}],"predecessor-version":[{"id":2025,"href":"https:\/\/riverbankfinance.com\/blog\/wp-json\/wp\/v2\/posts\/2018\/revisions\/2025"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/riverbankfinance.com\/blog\/wp-json\/wp\/v2\/media\/2021"}],"wp:attachment":[{"href":"https:\/\/riverbankfinance.com\/blog\/wp-json\/wp\/v2\/media?parent=2018"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/riverbankfinance.com\/blog\/wp-json\/wp\/v2\/categories?post=2018"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/riverbankfinance.com\/blog\/wp-json\/wp\/v2\/tags?post=2018"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}