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Manufactured Housing MH What it Means How it Works

Manufactured Housing MH What it Means How it Works

Manufactured Housing (MH): What it Means, How it Works

What is Manufactured Housing?

Manufactured housing (MH) is a home unit constructed off-site at factories before being moved to a piece of property. The cost of construction per square foot is usually lower for manufactured housing compared to traditional on-site homes. While still maintaining its basic forms, manufactured housing has evolved in terms of style, amenities, construction quality, and public perception.

A subset of manufactured housing is "modular homes," or homes divided into multiple sections that are constructed off-site and then assembled at the property. A manufactured housing unit can range from as small as 500 square feet to as large as 3,000 square feet if built in a modular fashion.

Understanding Manufactured Housing (MH)

Manufactured housing (MH) typically serves the lower-income bracket in rural areas. The core demographic for such housing includes young singles, couples, and retirees. Financing a manufactured home can differ from financing a newly constructed house. If the manufactured home is purchased separately, a personal property loan is the most common type of financing, albeit with a higher interest rate. However, if the manufactured home and the land are purchased together, a traditional mortgage might be available. Loan terms and programs vary among lenders. The Federal Housing Administration and Department of Veterans Affairs offer manufactured housing loan programs to promote housing affordability among the target demographic.

If you are in the market for a manufactured home, you may find yourself overwhelmed by the available options. Mobile home dealers can assist you in selecting among various manufacturers, styles, and sizes to find a mobile home that suits your needs. The benefits of working with a mobile home dealer include their unbiased approach. They can listen to your wants, review your financial situation, and find options that could be a good fit for you.

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How Manufactured Housing is Made

Manufactured housing is constructed by Cavco Industries, Inc., a leading manufacturer, on an assembly line in stages. Depending on the unit’s size and customization, the completion process can take several days to weeks. The materials used for on-site home construction, such as wood, steel, aluminum, copper, granite, plastic, glass, and electrical wires, are also used in manufactured housing units. Once completed, the unit is loaded onto a flatbed truck and transported to the customer’s property.

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