What is a Manufactured/Modular Construction Loan?
A manufactured or modular home construction loan covers both the construction and installation of the home on the buyer's property.
Manufactured vs Modular Homes
Manufactured homes are constructed according to HUD code on a permanent chassis in a factory-controlled environment and then transported to their final destination. They require minimal on-site assembly.
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Modular homes are built in sections within a factory-controlled environment. They use the same construction codes as stick-built homes and comply with the Department of Community Affairs. Each section is then transported to the building site. ​
Key Features of Manufactured/Modular Construction Loans
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Affordable and high energy efficiencies ​
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Customization of floor plans and interior/exterior designs to fit homeowners needs
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Constructed inside an environmentally controlled factory, which ensures high safety, quality, and energy efficiency standards that follow all national and state requirements
