Modular & Manufactured Home Loans

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Modular & Manufactured Home Loans 2017-08-03T15:13:17+00:00

What is the Difference Between Modular and Manufactured Homes?

Aside from your standard Single Family Residence, Condo, and Town home, there are 2 other types of home that will come up while you show your buyers property, modular and manufactured homes. There is a difference between manufactured home loans and modular home loans. It is important that you understand these types of homes, and the traditional types of financing involved, and more importantly, the lenders that can close your loan.

Manufactured Homes (aka Prefab Homes, aka Mobile Homes)

Manufactured housing is a type of prefabricated house that is mostly assembled at factories and then transported to the sites of use.

Below is a picture of a manufactured home.

Manufactured Homes in Denver Colorado

The construction of all manufactured homes marketed in this country are strictly regulated by the U.S Department of Housing and Urban Development’s Manufactured Home Construction and Safety Standards ( or the HUD Code). Manufacturers, in most cases, view the HUD Code as minimum performance standards.

They can also exceed these standards in their basic designs with upgrades for energy efficiency and overall performance. The HUD Code not only covers the construction of the home, but also heating, air conditioning, ventilation, plumbing, thermal and electrical systems.

Manufactured homes are also affordable. Manufacturers purchase their building materials in volume, in a controlled environment, utilizing a system engineered production method. There are no costly weather delays in the construction process. These homes are less labour intensive to make and also require a shorter production time in relation to your standard single-family home on a lot.

The incident of fire is actually lower in a HUD Code Manufactured Home, and construction requirements for wind resistance are equal to and even more stringent than the requirements for manufactured homes sold and placed in high wind areas.

Just like buying a brand new single family home, most manufacturers homes come in a variety of floor plan designs to meet almost anyone’s housing needs.

To get approved for your next Manufactured home purchase, click here.

Modular Homes

Modular homes are sectional prefabricated buildings, or houses, that consist of multiple sections called modules. These modules are six sided boxes constructed in a remote facility, then delivered to their intended site of use. Using a crane, the modules are set onto the buildings’ foundation and joined together to make a single family residence or building. These modules can be placed side by side, end to end, or stacked up to six stories in height, allowing a wide variety of configurations and styles in the building layout.

Below is a picture of a Modular home

Many lending institutions resist consideration of modular homes as equivalent in value to site built homes. To get approved for your next Modular home purchase, click here.

In the United States, all modular homes are constructed according to the International Building Code (IBC), IRC, BOCA, or the code that has been adopted by the local jurisdiction.

The materials used in modular homes are the same as site constructed homes. All modular’s are designed to sit on a perimeter foundation or basement.

According to manufacturers, modular homes are designed to be stronger than traditional homes by, for example, replacing nails with screws, and adding glue to joints.

We can explore manufactured home loans and modular home loans depending on your needs and wants.  Please feel free to contact Brian Quigley using the form below.

Contact Brian Quigley Today!

Brian Quigley Denver Mortgage Broker Profile Photo

Hello, my name is Brian Quigley and I have been in the Denver mortgage industry since 2003. I have been fortunate enough to choose this very rewarding mortgage broker career and help thousands of borrowers over the years. Customer satisfaction is important to me most, and getting my clients to the closing table smoothly. Read More…

★★★★★
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Brian was absolutely great to work with. He was great to get back to us with anything or questions. Brian had the options to solve our refinancing issues. We highly recommend Brian and his team. Brian will be our first contact person for our real estate financing options.

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I worked with Brian on some real estate transactions to help my buyers/ clients. Brian is very professional and helpful. Brian can solve problems and get thru difficult situations. Brian can guide you thru the process. I highly recommend Brian to provide mortgage services.

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I am an attorney. I got caught in a problem with a Chapter 13 that only a professional, experienced mortgage broker could figure out. The man is just smart. (Not the"salesman" type I normally see with brokers). I watched, in solemn amazement, how Brian and his team got a loan for my clients, by figuring out a vary complex problem. Brian made it happen. He is my "go to" mortgage broker.
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