Top Ten Factory-Built Facts
Buying a home is one of the most important decisions you’ll ever make, and factory-built homes are modern, affordable housing you can trust. Read the list below to learn more.
Factory homes are:
1
NOT mobile homes or trailers.
These homes are secured to a permanent foundation through tough federal construction and installation standards.
2
Safe and durable.
These homes are built and inspected to meet federal and regional standards for hurricane-force winds, fires, snow loads and other natural disasters.
3
Attractive and functional.
These homes can have features such as porches, garages, pitched roofs and styles that fit into existing neighborhoods, as well as high-end kitchen and bath finishes and walk-in closets.
4
Customizable.
Homeowners can pick the square footage, number of bedrooms and bathrooms, and many additional options to fit their budget and personal preferences.
5
Affordable and a sound investment.
The average cost per square foot for a multi-sectioned factory-built home is significantly less than a single-family site-built home. Factory-built homes also increase in value over time.
6
Energy-efficient.
These ENERGY STAR®-certified homes can save up to 30% on monthly utility bills.
7
Safe and placed in secure locations on owned or leased land.
Many modern MH communities offer several amenities and rely on a strong sense of neighborhood cohesion.
8
Financed with conventional or FHA-insured mortgages, credit unions or housing finance agencies.
If homeowners purchase the land, they will work with competitive rates and consumer protections.
9
Purchased by smart shoppers.
Potential buyers determine their budget and get prequalified by a lender before they visit a dealer.
10
Purchased by educated and empowered shoppers.
Educational materials and HUD Housing Counseling are available to make sure potential homeowners are confident in their choice of home and how much they can afford.