Financing for manufactured homes can be through chattel loans, FHA loans, or even VA loans in some cases. Some mobile home park residents face rent increases on their lot, which can impact affordability.
Modular businesses are gaining market share in areas with high housing demand. Vintage mobile homes from the 50s and 60s are now popular as collectibles and often remodeled with retro décor. Although they can technically be moved, manufactured homes are typically intended for permanent placement.
HUD code includes strict standards for fire safety in manufactured homes. Modular companies use social media to showcase modern designs and attract younger buyers in Chadbourn. Some mobile home park residents face rent increases on their lot, which can impact affordability.