Manufactured homes have emerged as a distinctive choice for folks looking for quality affordable housing. Their construction process, optimized for efficiency, enables these homes to be built quicker and at a lower cost—often saving purchasers $50,000 to $100,000.
all photos – Atlantic Homes
Despite these benefits, the manufactured housing sector faces challenges, primarily due to the absence of effective federal programs and a scarcity of lenders for the home-only market, making it difficult for many credit-worthy buyers to secure financing. However, recent initiatives by the Federal Housing Administration (FHA) and Ginnie Mae to insure and guarantee home-only loans present a promising opportunity to revitalize this market, potentially easing credit access for prospective buyers of manufactured homes.
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Gary Fleisher is a renowned blogger, consultant, and commentator on construction and housing trends, known for his insightful analysis of the industry.