Back to Glossary
Modular Home
Updated
January 19, 2023
Modular houses are residences produced in pieces or modules in a controlled manufacturing setting and then transported to the building site. They are built on stable foundations and finished by expert installers there. Modular houses may save building time by more than 35%, allowing you to move into your new home sooner and enjoy it for longer. Site-built homes might take several weeks to build, but modular homes are erected on-site and typically completed in less than a week. Modular houses provide cost reductions that other methods do not. Because most modular construction takes less time to complete than site-built construction, the cost of interim construction finance is considerably lower or eliminated.
Related Topics
10 Best Home Builders in Nashville, TN: Find Your Dream Home Today
Wesley Mortgage 2023 Year-In-Review
What Is a Property Tax Lien
What Is an Adjustable Rate Mortgage (ARM)?
Navigating the Process of Mortgage Modification
What Is Non-Recourse Lending?
What Is a Short Sale?
When Is the First Mortgage Payment Due?