Manufactured homes, or a home that is built in a factory and then taken to a home dealer, manufactured home community, or a privately owned plot of land. These types of homes are often referred to as “mobile homes”, but they generally do not move once permanently assembled and placed. Manufactured homes also follow a set of federal guidelines, rather than local guidelines like a modular home. Modular homes are also only placed on private land. 

Many private lenders offer conventional mortgages for manufactured homes, often covering the cost of the home and the land on which the home will be placed. Several government programs also offer loans for manufactured homes, including FHA, USDA, and VA. Manufactured home loans also often cover the cost of delivery and installation, connecting utilities, and other costs like manufactured home community fees.