Is there an advantage to buying a modular over a manufactured home?
In some cases yes. When the financing of the home also includes real estate with or without improvements the overall appraisal value will most often come back higher, allowing for a higher amount that is available to finance. This can be very beneficial when the amount to finance is needed to cover other expenditures such as paying off other debts or when “upside down” on a manufactured home trade in situation. (Upside Down is a term that reflects a situation where you owe more money for your current home than it is currently valued at under current market conditions.) Back to top of page.
