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From the same source, mobile home "is the term used for manufactured homes produced prior to June 15, 1976, when the HUD Code went into effect." [2] Despite the formal definition, mobile home and trailer are still common terms in the United States for this type of housing.
Mobile homes are often sited in land lease communities known as trailer parks (also 'trailer courts', 'mobile home parks', 'mobile home communities', 'manufactured home communities', 'factory-built home communities' etc.); these communities allow homeowners to rent space on which to place a home. In addition to providing space, the site often ...
A trailer park, caravan park, mobile home park, mobile home community or manufactured home community is a temporary or permanent area for mobile homes and travel trailers. Advantages include low cost compared to other housing, and quick and easy moving to a new area (for example, when taking a job in a distant place while keeping the same home).
Title II loans cannot be used for manufactured homes on leased land in manufactured home communities or mobile home parks. Down payments on a Title II loan can go as low as 3.5 percent, and terms ...
A used mobile home can cost less than a new SUV, making them a perfect first step for many homebuyers. Now called manufactured houses, they've become a best-bet for a growing number of prospective ...
Since these homes are built in parts, it is easy for a home owner to add additional rooms or even solar panels to the roofs. Many prefab houses can be customized to the client's specific location and climate, making prefab homes much more flexible and modern than before.
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It now takes an income of $107,700 to afford a new single-family home plus property taxes and insurance on it, according to a new report by Oxford Economics. But here's the shocking part.