Manufactured Home Loan Tips
Manufactured, modular or mobile?
A manufactured home is better known by names like mobile home, double-wide or trailer. It is built in a factory and trucked to a homesite, just like a modular home, but that’s where the similarity between the two ends.
What's a HUD tag and a Data Plate?
Manufactured homes are built to a national building code established by the U.S. Department of Housing and Urban Development (HUD) in 1976 evidenced by HUD tags and Data Plates
Foundation certification requirements by loan type.
Many agents and buyers/sellers assume if a HCD433 (California form) is recorded against the property it is evidence the home has been installed on a satisfactory foundation - unfortunately this is not accurate.
Modifications to the original Manufactured Home
Additional living space has been added via room additions or similar modifications to the original manufactured units. This is problematic if the modifications cannot be proven to have been completed with permits.