Notes and Opinions from one of Arizona's Most Trusted Loan Teams

The following is an excerpt directly from HUD's website:

"For several decades, manufactured homes built to the preemptive Federal Manufactured Home Construction and Safety Standards have been the nation's foremost source of unsubsidized affordable housing. Until relatively recently, the majority of manufactured homes were economical single section designs, financed with asset-backed loans, sold most often to first-time home buyers and seniors and located in suburban and rural settings. Manufactured homes were also distinguished from their site-built counterparts in the way they were secured to the ground - the majority held in place by pier and anchor systems.

Within the past five years, the manufactured housing industry has experienced an evolution, and the rate of change appears to be accelerating. Sales of multisection homes have well outpaced single section designs, the popularity of land/home financing continues to grow, the buyer demographics are diversifying, and new markets are opening to manufactured homes, particularly in urban infill and higher density areas.

Homes built in compliance with the HUD standards are entering the portfolios of developers who have historically used site-building methods exclusively. The economics of building homes in a factory under a single national code has long been attractive. But only in the last few years has the vision of manufactured homes as a technology for supplying a wider range of affordable housing needs begun to be realized.

The changes in the manufactured housing market, the evolution of the industry itself and the diversification of the potential customers for manufactured homes are ushering in a host of innovations and changes to the industry's core product."

We have spent the last 24 years as advocates of this type of housing. While it isn't the only thing we do, we think manufactured homes and the people who buy them are part of the bedrock of Arizona housing.

Learn More: Manufactured Home Loans