Manufactured Housing

What do you want to know about manufactured homes? The worlds greatest collection of expert advice on buying, installing, maintaining and repairing manufactured homes.



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Thomas headrick

Manufactured Housing

Post by Thomas headrick » Mon Mar 01, 2004 6:18 pm

I am a Realtor in the stste of Colorado. I have a Manufactured home for sale. This home is a single wide built in 1995. It does have a Manufactures HUD seal afixed to the rear exterior of the home. I have several questions:
1. How would I find out if the home is UBC built/aproved?

2. Where do I find conventional and or FHA Lenders/Investors for financing the sale?

Thank You very much for your consideration. Please advise.

rmurray

Re: Manufactured Housing

Post by rmurray » Tue Mar 02, 2004 6:16 am

The home would NOT be UBC approved..it is HUD approved..

Finance sources can be found in other areas of this web site...Single sections are a little harder to finance...but the FHA does allow single w/land to be financed..if they are set up to FHA standards...Good Luck

Doug Swenson

Re: Manufactured Housing

Post by Doug Swenson » Tue Mar 02, 2004 5:06 pm

I am looking for a clear definition for manufactured housing as compared to modular housing.
Can you help ? What are the specifications as they relate to FNMA & Freddie Mac?
Thank-you.

Roy Bonney

Re: Manufactured Housing

Post by Roy Bonney » Tue Mar 02, 2004 10:21 pm

If a home is built to the HUD code, a federal preemptive code, it is a manufactured home. Period. If the home is built in a factory, but to a code other than HUD, it is a modular. This could be BOCA, CABO, UBC, or Southern Building. Every thing else is only a characteristic.

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