Manufactured Housing News

Even though mobile and manufactured houses are a great affordable option for new homeowners, there are several myths about them that might deter you. These myths often come from outdated perceptions of mobile homes and a lack of understanding about modern manufactured home construction. Triad is here to set the record straight on some of the most common misconceptions.

Myth 1: Manufactured Homes Can’t Be Financed Like Site-Built Homes

One of the most common myths is that buying a manufactured home is impossible without paying cash upfront. In reality, manufactured home loans have evolved significantly. Just like site-built homes, they can be financed through mortgages, FHA loans, VA loans, and USDA loans, depending on the buyer's qualifications. These programs offer competitive rates and terms, making manufactured housing accessible to first-time homebuyers.

Myth 2: Manufactured Housing Is Low Quality and Temporary

Another myth is that manufactured homes are lower quality than other housing options. In reality, these homes are constructed in controlled factory settings, which minimizes weather delays and ensures consistent quality. These homes are built to meet federal standards and usually exceed local building codes for wind resistance, insulation, and efficiency. Many manufactured homes also offer customizable designs and luxurious features, from hardwood floors to granite countertops.

Myth 3: Manufactured Homes Depreciate in Value

Contrary to popular belief, manufactured homes can still appreciate in value under the right conditions. The key factors that influence this include proper installation on a permanent foundation, location in a good area, and regular maintenance. Like any other real estate asset, the value of your manufactured housing is also influenced by market trends and demand.

Myth 4: Manufactured Homes Are Harder to Resell

Some believe buying a manufactured home is a poor investment because these homes are difficult to resell. However, the demand for affordable housing is rising, making manufactured homes an attractive option for many buyers. The versatility, quality, and affordability of these homes make sure they remain a sought-after choice for individuals and families.

Myth 5: They Lack Energy Efficiency

Modern manufactured home construction involves energy-saving features like high-performance insulation, ENERGY STAR-rated appliances, and efficient heating and cooling systems. These advancements make manufactured housing not only eco-friendly but also cost-effective for homeowners. Lower utility bills make home costs more manageable, making these homes even more appealing.

Myth 6: Manufactured Homes Are Only for Low-Income Buyers

While manufactured housing is great for its affordability, it caters to all kinds of buyers. From retirees looking to downsize, to young professionals purchasing their first single-family home. The combination of lower square foot costs, customizable designs, and modern amenities makes buying a manufactured home a strong option for various lifestyles and budgets.

Myth 7: Financing Is Limited to Personal Property Loans

It’s true that some manufactured home buyers opt for chattel loans, which treat the home as personal property. However, this isn’t the only option. Many lenders offer traditional mortgages for homes placed on permanent foundations, treating them as real estate. This flexibility means that buyers can choose the financing solution that best suits their needs.

The misconceptions surrounding manufactured homes often prevent buyers from exploring this great housing option. But modern manufactured housing offers affordability, quality, and flexibility, rivaling traditional built housing in many ways. With a growing number of manufactured home financing options and the rising demand for affordable housing, there has never been a better time to consider buying a manufactured home.