1. HOW DO MODULAR HOMES COMARE TO SITE BUILT HOMES?

MODULAR HOMES ARE BUILT TO THE SAME CODE, INTERNATIONAL
RESIDENTIAL CODE (IRC), THAT SITE BUILT HOMES MUST MEET. THEY
ARE CONSTRUCTED IN A CONTROLLED ENVIRONMENT WITHOUT
EXPOSURE TO THE ELEMENTS THAT MAKES FOR A SUPERIOR PRODUCT
AT A FRACTION OF THE COST.

2. DO MODULAR HOMES DECREASE IN VALUE?

MODULAR HOMES ARE APPRAISED AND APPRECIATE AS SITE BUILT HOMES.
BANKS, WCDA, FANNIE MAE, FHA, AND MANY OTHER INSTITUTIONS AND
AGENCYS DO NOT DISTINGUISH BETWEEN MODULAR AND SITE BUILT HOMES.
YOUR MODULAR HOME WILL APPRECIATE AND DEPRECIATE WITH MARKET
VALUES JUST AS A SITE BUILT WILL.

3. WHAT IS THE DIFFERENCE BETWEEN MODULAR AND MANUFACTURED
HOMES?

MODULAR HOMES ARE BUILT TO UBC, UNIFORM BUILDING CODE, OR IRC,
INTERNATIONAL RESIDENTIAL CODE, SPECIFICATIONS WITH EACH HOME
BEING MODIFIED TO MEET LOCAL CODE REQUIREMENTS. MANUFACTURED
HOMES ARE BUILT TO THE HUD, HOUSING AND URBAN DEVELOPMENT,
CODE. THE MOST NOTABLE PHYSICAL DIFFERENCES BETWEEN THE TWO
ARE STEEL I-BEAM SUPPORT AND 2’ X 3’ INTERIOR WALL CONSTRUCTION
IN HUD CODE HOMES. FINANCIALLY THE BIG DIFFERENCE IS HOW THE
HOMES ARE APPRAISED. MODULAR HOMES USE SITE BUILT HOMES AS
COMPERABLE HOMES AND MANUFACTURED HOMES DO NOT.

4. CAN I PUT A MODULAR HOME ON A BASEMENT?

YES, ALL MODULAR HOMES CAN BE PUT ON BASEMENTS.

5. WHAT KIND OF LOAN DO I RECEIVE WHEN PURCHASING A MODULAR
HOME?

AFTER CONSTRUCTION IS COMPLETE YOU WILL RECEIVE A STANDARD
THIRTY YEAR MORTGAGE THAT IS NO DIFFERENT THAN A MORTGAGE
ON A SITE BUILT HOME.

6. WILL I PAY A HIGHER RATE BECAUSE IT IS A MODULAR HOME?

NO. THERE IS NO DIFFERENCE BETWEEN RATES FOR MODULAR HOMES
AND SITE BUILT HOMES.