There is no distinction between modular and site-built homes as far as appraisal or financing. Banks and lending institutions treat both types of construction the same. Likewise, there is no difference in insuring the modular property. I get confused when I see the term Manufactured Home and Modular Home . Manufactured homes, sometimes referred to as mobile homes, are another type of building system and are constructed to a different building standard.
Many communities have restrictions on where manufactured homes can be located.
Modular and site-built homes, on the other hand, are constructed to the same building code required by your state, county, and specific locality and therefore are not restricted by building or zoning regulations. Your new modular home is inspected at the assembly plant during each phase of construction. Evidence of this inspection is normally shown by the application of a state or inspection agency label of approval.