What is the difference between a modular home and a manufactured home?

Manufactured homes (also known as mobile homes) are defined as a home with a metal chassis and wheels (even if the wheels are removed and the home is placed on a permanent foundation). Many lenders do not lend on such homes, however HomeAmerica Mortgage can finance these properties with low fixed rate FHA loans if they are on a permanent foundation which meets HUD Guidelines.

Modular homes are constructed off site without wheels, and shipped to the location in sections for assemblage. This type of home does not have manufactured HUD tags. Certain lenders do provide financing for modular homes in certain states and counties. Contact your local mortgage professional Brenda Puckett at 770-634-4315 or bpuckett@homeamericamortgage.com to determine whether or not you can obtain financing for your modular home.