Manufactured and modular homes define two prefabricated housing alternatives that are built in factories and assembled on site. Although these types of homes share some common characteristics, a few significant differences can persuade a homebuyer to choose one option over the other.
Manufactured Housing News
Over the past decades, technology has fundamentally transformed the way we live, work, shop, communicate, and do business. But one more thing technology has changed is the way we build homes, particularly factory-built homes. Allowing manufactured home builders to improve productivity and safety, while also reducing construction costs and time, modern technologies can add significant value at every stage of the manufactured home building process.
At Triad Financial Services, our professionals receive many questions about the minimum requirements that an applicant must meet in order to qualify for a manufactured home loan. One question we get asked quite often is whether a spouse’s credit score impacts the other spouse’s ability to qualify for the loan amount they need to buy a manufactured or modular home.