My state offers some lending programs for modular housing. I have found out that the difference between a modular house, and a mobile home is just the code to which it is built. The two may even look identical. One dealer said he could build a single wide to code, and it will be a modular home. Does anyone know what the price range is for building a single wide to a modular home code?
Modular homes must be fixed to a foundation like a house to a “sill plate”. The financing would be different as it would be a real estate transaction involving the land whereas a mobile home not affixed to a parcel is known as a chattel loan (personal property only).
Modulars are not used for any park applications to my knowledge.
The cost is about 15% higher on the invoice is my experience. Singlewide modular housing is not something I would get involved with. Seems altogether weird to me.
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