My SO and I are in the market for a home (the market is insanely competitive). We found a home that checks a lot of our boxes, but it’s manufactured. Our realtor warned us against them and I don’t understand why. Something about financing being different?
In: Economics
It’s because, at least in the distant and recent past, manufactured home were built with substandard build quality and materials, and being transported 100s of miles didn’t help the quality of them.
Banks are bureaucracies, similar to governments, in the end. Change is slow, difficult, and driven typically by extreme circumstances! So even if manufactured homes have gotten on par with stick built, it will be quite some time before banks change policy enough to recognize that.
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