For many, the term "manufactured housing" doesn't conjure images of spacious and updated homes, but perhaps it should.
The manufactured homes of today feature modern quality design and custom home features comparable to site-built homes. They can also be a lot less expensive than a traditional house, making them an attractive option for many homebuyers.
Did you know the top five manufactured home states are:
The U.S. Census Bureau reports that the 8.5 million manufactured homes in the U.S. make up 7 percent of all owner-occupied housing in the U.S. More than 20 million people already reside in manufactured homes—a number that's could grow as America looks for ways to address its housing shortage.
If you're interested in purchasing a manufactured home, consider these facts:
When deciding to purchase a home, whether manufactured or site-built, its important to understand what works best for you. Visit MyHome by Freddie Mac® for helpful resources on understanding your finances and tips to guide you through the homebuying journey.