When considering buying a UBC modular home, it is important to understand what a modular home is.
A UBC modular home is not a HUD manufactured home. HUD manufactured home, sometimes called a mobile home, is built to the Federal Manufactured Construction and Safety Standards. HUD manufactured homes can be on wheels in a mobile home park or, with wheels removed, attached to a foundation.
A UBC modular home is built to the Uniform Building Code (UBC), which is the same building code that site built homes are built to. Modular homes are always attached to a permanent foundation.
Modular Homes may look exactly like HUD manufactured homes, or they may look completely different.
Some UBC modular homes cant be distinguished from elaborate site built homes.

If your modular home resides in a park where you lease the land, your financing options will be more limited. There are a few lenders who will give you a loan to buy such a home, but the interest rates are much higher, and the guidelines are more strict.

Most lenders consider UBC modular homes to be the same as stick built homes. Therefore, the same financing options and rates are available to you.

 

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