- Oct 16, 2003
- Professional Status
- Certified Residential Appraiser
Thats simply not accurate. A modular home can have a metal frame, and its not the same as a HUD Code home. Its an On Frame Modular.Tim is right. If it has a metal frame aka manufactured home with chassis, it is a manufactured home for the secondary lenders who buy the loans. A modular is built to state standards, doesn’t have the metal frame. Look for a HUD label in the unit. Located generally on the rear exterior Walls of the units, with a paper sheet located somewhere inside the unit. That would make it a HUD-manufactured home. A modular unit should have a state tag usually located by or on the breaker box. However, here in Florida, both are very common. The biggest issue is if you tô finance one of the old units built before 1978, many of which are still found in parks. They are not acceptable to secondary lenders.