RC_LP_U_309.1 Introduction to Manufactured Housing

A manufactured home is one that is factory-built. Because today’s manufactured homes offer quality construction, customizable floor plans, and amenities comparable to site-built homes, they play an important role in the US housing market. These homes include mid-range and high-cost homes, in addition to lower-cost alternatives. Often, manufactured homes provide an affordable housing alternative for low- and moderate-income borrowers, particularly in high-cost suburban and rural areas. According to the Manufactured Housing Institute, prices for manufactured homes tend to be 50% less per square foot than traditional home construction.

Introduction to Manufactured Housing provides foundational knowledge necessary to a solid understanding of underwriting requirements for mortgage loans on manufactured homes. It begins by describing the evolution of the manufactured housing industry. Next, the course reviews the definition of manufactured housing. It then explains various manufactured housing types and discusses the features of manufactured homes.

This is a single-family/residential course.