I am looking to buy a home and have found a great property with a modular home tied down to a solid foundation but i can’t seem to find any info on if they are allowed.
Modular homes are ALWAYS on a permanent foundation…they are treated no differently for lending purposes than traditional site-built homes.
Yes, they are eligible for rural development loans, provided they are in the right location.
Don’t confuse modular homes with manufactured homes.
Manufactured home = trailer
Modular home = a stick-built home built in a factory and moved to the location.
December 30th, 2009 at 1:22 am
Modular homes are ALWAYS on a permanent foundation…they are treated no differently for lending purposes than traditional site-built homes.
Yes, they are eligible for rural development loans, provided they are in the right location.
Don’t confuse modular homes with manufactured homes.
Manufactured home = trailer
Modular home = a stick-built home built in a factory and moved to the location.
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