(This discussion does
not include loans from 3rd parties that do not collateralize the home, such as credit
card purchases or unsecured bank loans.)
Financing a Modular Home always requires real property as part of the collateral.
In this regard, a Modular Home is Real Estate and a Real Estate Mortgage is necessary.
Please click on one of the following two links for more information about Modular
Homes. A-1 Homes FAQ's or
Modular Construction
Financing a Manufactured Home (HUD Code Home) is more flexible. A Manufactured Home
may be financed as personal property or with land as real property. When a Manufactured
Home is financed as personal property, the type of financing is commonly referred
to as When a Manufactured Home is financed as real
property, the type of financing is commonly referred to as Please click on one of the following links for more information about
Manufactured Homes. A-1 Homes FAQ's or
Manufactured Home Construction