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Mod or MF
Posted: Tue Jun 17, 2003 7:27 pm
by Mendee
I am looking at a home on a perm foundation. My lender needs to know if it is a modular or manufactured. We have looked underneath but can't see the floor joists as it is covered up. The home was made by Elliots Homes?? in Oklahoma. It does have a hud number on an id sticker. The home was made in 97 or 98. Any help appreciated!!!
Re: Mod or MF
Posted: Tue Jun 17, 2003 7:58 pm
by Mike
If it has a HUD number than it is manufactured. Look for the axle as well.
Re: Mod or MF
Posted: Tue Jun 17, 2003 8:00 pm
by Bill Fry
If it has a HUD sticker its a MF home.Also if its built on steel I beams its a MF.
Re: Mod or MF
Posted: Tue Jun 17, 2003 8:07 pm
by Mendee
Thanks for the info. Nobody could ever tell me that!!! As far as the banks go, which is better?
Thanks!!
Re: Mod or MF
Posted: Tue Jun 17, 2003 9:07 pm
by Bill Fry
The home should appraise at about the same rate of other same sized and condition homes of the area.
Thats about all the bank is concerned with.
Bear in mind this is assuming this home comes with land attached(which gives it its real value)
Re: Mod or MF
Posted: Tue Jun 17, 2003 10:20 pm
by rmurray
Bill..modular homes in SC, FL and other southern states have I-beam frames...
Re: Mod or MF
Posted: Mon Jun 23, 2003 9:25 am
by jgn
Also if it is a Elliott it is a Soliaire and they do not make modular homes