All mobile homes manufactured after 1976 come with a HUD label that certifies they meet federal standards. They’re eligible for traditional mortgages, making financing easier compared to manufactured homes.
Modular homes have resale values comparable to traditional homes. Manufactured homes on leased land may face lower property taxes, appealing to cost-conscious buyers in Rockford. Modular home businesses are expanding into commercial sectors, including schools and hospitals. Some nonprofit groups and cooperatives offer affordable mobile home living in organized communities around Rockford.
Some manufacturers produce "tiny manufactured homes" that are compact and affordable for minimalists. Financing for manufactured homes can be through chattel loans, FHA loans, or even VA loans in some cases.