What's the Difference Between Manufactured Homes vs. Mobile Homes?

Posted August 26, 2014

Manufactured Homes

Prefabricated homes are becoming a popular choice for home buyers. A manufactured home is a type of prefabricated housing that is mostly assembled in a factory and then transported to the site where it will be used. A mobile home is a prefabricated structure built in a factory on a permanently attached chassis before being moved to a site. These two types of homes are similar in the fact that they are both prefabricated and they both come with VIN numbers. However, these homes also share some significant differences that should be understood in order to best fulfill your housing needs.

Building Standards for Manufactured Homes and Mobile Homes

One major difference between a manufactured home and mobile homes are the building standards. In 1976, a new construction standard was issued for prefabricated housing. Manufactured homes are built to this standard while mobile homes are not. Manufactured homes are now built in two to three sections and moved onto a property where they are to be attached and become one large home. They are also meant to be placed on some type of foundation. A mobile home, however, is intended to stay on the wheels it is moved onto the site with.

Appearance and Financing Options

A manufactured home actually looks like a traditional home. They can be multiple stories and come in a variety of options. A mobile home does not come with the appearance of a traditional style home. The options for financing are also different because a manufactured home is considered real estate property after assembled. Therefore, it qualifies for the Federal Home Mortgage Corporation Assistance program, meaning it can qualify for a typical mortgage just as traditional homes do. A mobile home, however, is treated like financing a car and typically requires special financing.

The Importance of Knowing the Difference

Prefabricated homes are a great option for many families. They come in many styles and can be built in much less time than building on-site. Since financing options, building standards, and appearances are different, it is important to understand what each type of housing can offer. Knowing the difference between a manufactured home and a mobile home is vital in making the best decision for your family’s needs.

For more information about manufactured homes in Texas visit us at: http://www.mhfinancingspecialists.com/

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