Credit The New York Times

Types of Loans for Homes

Modular and Manufactured Homes: What's the Difference? - Quicken Loans Zing BlogNot all homes are built from the ground up. If you were ever a fan of Mrs. Piggle-Wiggle as a child, you’ll know that some houses are, indeed, built from the roof up instead. All kidding aside, there’s truly more than one way to build a house. Have you ever seen a house going down the freeway on a flatbed truck? Ever wondered what that was about? Today, let’s chat about two types of homes that you might see zooming down the freeway – modular and manufactured – and the differences between them.

What’s a Modular Home?

A modular home is a home that’s built in a factory and shipped to the homeowner’s lot, where it is pieced together, put on a foundation and completed. Like traditional homes, modular homes are placed on a permanent foundation and often have full basements. While the building process differs quite a bit from that of traditional homes, you’d be hard-pressed to identify a modular home just by looking at it. They can come in all sorts of layouts and designs, from a sprawling ranch or cape cod to a two-story colonial.

So why would you buy a modular home? There are many benefits to having your home constructed off-site. First, choosing a modular home over a site-built home can help you move into your new home faster. According to Tidewater Custom Modular Homes, conventional, site-built homes can take anywhere from six months to a year for completion, whereas modular homes allow homeowners to move in anywhere from two to three months after signing the contract – a pretty speedy process, if you ask me!

Share this article


How to get the best mortgage rates - Quora

I agree with Michael Cheng. If you have a great credit score, stable, verifiable income, verifiable cash on hand or assets, you are a dream client. By comparison shopping, you will be able to obtain a Loan Estimate from at least three different types of lenders: Talk with the mortgage department of where you currently bank. You already have a banking relationship with them. This is a good place to start. Next, apply with a local, licensed non-bank mortgage lender. Somebody located in the town in which you live.  Last, apply with a local mortgage broker.

Related Posts

Loans for foreigners
Loans for foreigners
Loans for Home
Loans for Home

Latest Posts
Obama help with mortgages
Obama help with…
HARP Refinance Is Not A Scam , Says…
Best Fixed Mortgage
Best Fixed Mortgage
A mortgage is likely to be the largest…
Mortgage Search
Mortgage Search
Zillow doesn’t see itself as a real estate…
Us mortgage loan
Us mortgage loan
We model the outcomes of seriously delinquent…
10 year mortgage Refinance
10 year mortgage…
You may not know that you can refinance…
Featured posts
  • Different types of loans for mortgages
  • Loans for foreigners
  • Loans for Home
  • Loan types for Homes
  • Different Loans for buying a Home
  • Different types of Home Loans
  • Different types of Home Loans Available
  • All Types of Mortgages
  • Types of mortgage loans available
Copyright © 2018 l All rights reserved.