Manufactured Housing - MH
- Manufactured Housing - MH
- A housing unit constructed primarily off-site prior to being moved to a piece of property where it is set. The cost of construction per square foot is usually considerably less for manufactured housing than for traditional on-site homes (stick-built homes). In the 1990s, this style of housing accounted for nearly 25% of new home sales for families in the United States.
This type of housing also includes "modular homes" - homes divided into multiple sections that are constructed off-site, then assembled like building blocks at the property.
Financing a manufactured home can be different than financing a stick-built home. If the manufactured home is purchased separately from the land on which it will sit, a personal property loan is the most common type of financing. Personal property loans carry a higher interest rate than traditional mortgages. If the manufactured home and the land are purchased together, a traditional mortgage might be available. Loan terms and programs vary from lender to lender. The Federal Housing Administration and Department of Veterans Affairs have manufactured-housing loan programs.
Investment dictionary.
Academic.
2012.
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manufactured housing securities — ( MHS) loans on manufactured homes that is, factory built or prefabricated housing, including mobile homes. Bloomberg Financial Dictionary … Financial and business terms
manufactured housing — … Useful english dictionary
Western Manufactured Housing Communities Association — (WMA) is a nonprofit organization formed in 1945 for the exclusive purpose of promoting and protecting the interests of owners, operators and developers of manufactured home communities in California.ee also* Trailer park … Wikipedia
manufactured home — 1. a prefabricated house, assembled in modular sections. 2. See mobile home. Also called manufactured housing. * * * … Universalium
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Texas Department of Housing and Community Affairs — 221 East 11th Street, which has offices for Texas Department of Housing and Community Affairs The Texas Department of Housing and Community Affairs (TDHCA) is the state s lead agency responsible for homeownership, affordable rental housing,… … Wikipedia
United States Department of Housing and Urban Development — Coordinates: 38°53′03″N 77°01′22″W / 38.88406°N 77.02266°W / 38.88406; 77.02266 … Wikipedia
