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A number of manufactured housing manufacturers have begun to manufacture what they refer to as an .on-frame. modular home. Essentially, this is a home built in a manufactured housing factory, on the same permanent metal chassis used in the manufacturing of the manufactured home. However, instead of designing and building the home to the HUD Code they build the home to the state code used by modular manufacturers and stick builders. These homes tend to be mostly one story and fairly simple homes built as an affordable housing product and often resemble a doublewide manufactured home from the exterior.
A construction end-loan is simply a permanent mortgage that does not have a construction phase feature. It provides the buyer a traditional mortgage to purchase a completed new construction home. This option typically applies in subdivisions, condominiums and planned unit developments where the builder or developer has obtained the construction financing to complete the project
Related keywords: New Mexico modular homes, quality manufactured homes, Builders of modular homes
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