Mortgage vs home equity loan conditions for a modular home?
The answer to my question made me think. We intend to purchase a modular home for about a year. It will be built (manufactured) in the factory settings, then trucked the pieces of our land and the house can be mounted on foundations in the basement. This is not a home double sliding scale. We have our sand mound septic and well water (ground and not near the town lines or sewage.) Does anyone know if we need anything other than construction mortgage or to do that? I understand that if the house is built on the basis of the basement, it is not considered “mobile” home. I was told that my supervisor and the municipal building, when I called on zoning and other, which is considered the industry produced at home, no mobile homes.