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LendingRisk.com Mortage Industry Dictionary

Terminology, definitions, terms, explanations, and documents for business professionals in the mortgage lending and mortgage risk management industries.

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Manufactured Housing

A property type of "Manufactured Housing" indicates housing, such as mobile homes, that is primarily constructed in a plant or factory prior to transporting it to the lot as a completed unit or as a number of complete sections or rooms which can be joined on-site with a minimum of effort. This property type is also commonly to as a "Prefabricated" home in the mortgage lending industry.

See Mortgage Loan Property Types

Manufactured Housing Double Wide

A property type of "Manufactured Housing Double Wide" indicates that the manufactured home is twenty feet or more in width and is towed to its lot in two separate units that are then joined together.

See Manufactured Housing
See Mortgage Loan Property Types

Manufactured Housing Multi-wide

A property type of "Manufactured Housing Multi Wide" indicates manufactured housing that is transported to its lot in more than two units and then joined together.

See Manufactured Housing
See Mortgage Loan Property Types

Manufactured Housing Single Wide

A property type of "Manufactured Housing Single Wide" indicates that the manufactured home is sixteen feet or less in width and can be towed to its lot as a single unit.

See Manufactured Housing
See Mortgage Loan Property Types

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Terminology, definitions, terms, explanations, and documents for business professionals in the mortgage lending and mortgage risk management industries.