FHA and USDA loans may allow for low down payments, making these homes accessible for more buyers. Some parks have age restrictions, often 55+, creating communities specifically for older adults.
Modular homes can be placed on full basements, crawl spaces, or slab foundations. Factory construction enables modular home manufacturers to tightly control quality.
Mobile home owners may be eligible for tax deductions if their home is on a permanent foundation. Most mobile homes are built on a steel chassis, giving them stability and the ability to be moved when necessary. Manufactured homes on land are appraised similarly to site-built homes, factoring in both land and structure.
Once on-site, modular homes undergo local inspections to ensure compliance with local building codes. Modular home businesses are expanding globally, especially in densely populated and high-demand areas.