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Manufactured home lot: $23,226. Manufactured home and lot: $92,904. Maximum loan term: Manufactured home: 20 years, plus 32 days. Single-wide manufactured home and lot: 20 years, plus 32 days ...
The MHINCC distinguishes among several types of factory-built housing: manufactured homes, modular homes, panelized homes, pre-cut homes, and mobile homes. 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."
That same month, Clayton Homes announced that it would partner with nonprofit Next Step to build a modular duplex in Waco, Texas on a lot owned by NeighborWorks Waco in order to create affordable housing in the Greater Waco area. [41] In 2016, Clayton Homes was recognized as number 292 on Forbes' list of America's Best Employers. [42]
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).
Manufactured house: a prefabricated house that is assembled on the permanent site on which it will sit. Modular home: a prefabricated house that consists of repeated sections called modules. Lustron house: a type of prefabricated house; Stilt houses or Pile dwellings: houses raised on stilts over the surface of the soil or a body of water.
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