Modular homes may require specialized transport but generally incur fewer costs compared to mobile homes. Modern manufactured homes are built to last, often with warranties on structural components. A large percentage of affordable housing in the U.S. consists of mobile and manufactured homes. Financing mobile homes can be tricky, as they may be considered "chattel" loans, with higher interest rates.
Centralized production facilities help modular companies keep overhead low. Once on-site, modular homes undergo local inspections to ensure compliance with local building codes. HUD has specific standards based on region, including "Wind Zone" ratings to ensure durability in different climates such as those in Liverpool.