![]() Because they are built in a factory setting, manufactured homes come along with a wide range of benefits. Site-built or “stick-built” homes are constructed directly onsite. One of the most common questions we get about double wides is, “What makes a manufactured home different from a stick-built home?” The primary difference between the two is that manufactured homes are built in a factory and then transported to your lot. What's the difference between a Manufactured home and a Stick Built home? Estimate to complete the inside trim and finish workĪdd for concrete If a concrete foundation (slab or crawl space) is required, add an estimate of $10 per Sq Ft of home to this price guide (if you don't have an actual quote)Īdd for skirting (Not needed if home is on a crawl space)Īdd for A/C if not an option included by your manufacturer.Estimates to hook up to existing utilities (you will have to add the cost of a new septic, well, electrical service, and also driveway and etc as needed on your site).Installing soffit and fascia on the ends of the home for the complete exterior finish.Installing siding on the ends with house wrap (if you selected the house wrap option with your home order).Finishing roof venting and ridge cap shingles.Insulating the marriage line and bolting the various sections of your home together at both the floor and roof lines (if there is more than one section).Anchoring the home to your foundation with tornado and/or hurricane proof anchors.Installing blocking or piers under the home and levelling the home with shims.Setting the home that you selected onto your foundation or building pad (This assumes normal lot conditions and does not include any extra costs to maneuver the home to your building site or any crane rental fees).If you are ready to buy or refinance a manufactured home, or if you have more questions about manufactured homes, call one of NLC Loans’ Personal Mortgage Advisors toll-free at 87 for a free, no-strings attached mortgage evaluation and to get pre-approved if you plan to purchase.The estimated installation cost includes the following*: The Department of Housing and Urban Development designated this based on manufacturing guidelines and eligibility for federally-funded mortgage products. Manufactured homes built before this date are automatically considered to be mobile homes, even if they meet the other requirements. Manufacture DateĮligible manufactured homes will have manufacture dates on or after June 15, 1976. A home that is located on leased land of any kind will not be considered to be an eligible home. Some mobile home developments have “lot rent” or monthly “lot fees” associated with living in the development. Many mobile homes are located on land that is leased from an owner or agency. Whether this is a small city lot or a huge country parcel of an acre or more, the lot of land in which the home is located must be owned by the homeowner. In order for a manufactured home to be eligible for financing at NLC Loans, it must be located on land that is owned by the person who owns the manufactured home. As long as a manufactured home is 12 feet wide at minimum and meet the minimum square footage requirement of 600, it can be considered eligible for financing or refinancing at NLC Loans. Some people think of a “double wide” and think it must be at least 16 feet wide, but the industry marker is actually just 12 feet. Eligible manufactured homes will be considered “double wide” will be no less than 20 feet in width and have no less than 600 square feet of living space inside. They may have as little as 400 square feet of living space inside. Some mobile homes are considered to be “single wide”– meaning that they are usually 8-12 feet in width. Mobile homes come in a variety of sizes, as do manufactured homes. A home may also be considered to be eligible if it is scheduled to be placed on a permanent foundation before the loan application is processed. Manufactured homes that are eligible for financing through NLC Loans have permanent foundations, such as a poured basement or a concrete slab. Tie downs keep the mobile home in place and are very reliable, but they are designed so that the home can be moved from place to place. Mobile homes use a mechanism called “tie downs” to anchor them to the ground. The most important distinguishing characteristic between a manufactured home and a mobile home is the status of its foundation. One of the most common questions we receive as a manufactured home lender is “what is the difference between a manufactured home and a mobile home?” There are some very distinct differences between the two that will make it very simple for you to tell. ![]() ![]() NLC Loans offers manufactured home financing when many other lenders do not.
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