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, Carl Pruitt is an expert in using government insured FHA loans to provide low fixed rate mortgages for manufactured homes.

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 Carl Pruitt at 678-367-3734 or carl.pruitt@24hourmortgageinfo.com to determine whether or not you can obtain financing for your modular home.