In Today's Housing Credit Crunch, Should I Consider a Modular or Manufactured Home?

Everywhere you turn there's bad news about theYou can get into a spacious modular home for just
financial markets all stemming back to the sub primeover $100,000, some are even less than that. There
mortgage crisis. Too many homes on the market now,are extra costs of foundation and hooking up utility
no one able to afford the payments on their risinglines, but overall the expense is quite small and you
adjustable ARM mortgages and people giving theirhave a brand new house that hasn't been destroyed
keys back to the banker saying they just can't makeby the previous owners.
the payments, here's my house back. But where doThese homes are covered under VA and FHA loan
they live now?programs. You can pick your own floor plan, specify
Many of them are just making do with whatever theycabinet types and even the stud size of the boards in
can, some moving back in with family, others arethe walls. The process is easy. You sit down with a
simply downsizing. But they don't have to downsizerepresentative of the company and they'll go through
into a rat hole, they can get some decent housing thatall the options with you. You can have your new home
doesn't cost an arm and a leg.within 8 weeks to a few months depending on the
Enter the modular home. The term is oftenbacklog of the plant you're dealing with.
interchanged with manufacture red homes, and mobileIf you feel you need to live in a newer home and either
homes. They give an impression of trailer trash. But theneed to downsize or are thinking of even your first
real manufactured homes of today are definitely nothome, consider a modular home as an option that is
for trailer trash. They're well built, upscale homes thataffordable, customizable and doesn't require a long
are made to order and built entirely in the factory to bewait before moving in.
hauled to your lot and set on your new foundation.