Editing Mobile home (section)

===Manufactured home===
{{Main|Manufactured housing}}
[[File:Exterior Sectional.jpg|thumb|Example of a modern manufactured home in [[New Alexandria, Pennsylvania]]. {{convert|28|x|60|ft|m}}]]
[[File:Mobile home with garage and foundation.jpg|thumb|Manufactured home foundation]]
Mobile homes built in the United States since June 1976, legally referred to as manufactured homes, are required to meet [[Federal Housing Administration|FHA]] certification requirements and come with attached metal certification tags. Mobile homes permanently installed on owned land are rarely mortgageable, whereas FHA code manufactured homes are mortgageable through [[United States Department of Veterans Affairs|VA]], FHA, and [[Fannie Mae]].

Many people who could not afford a traditional site-built home, or did not desire to commit to spending a large sum of money on housing, began to see factory-built homes as a viable alternative for long-term housing needs. The units were often marketed as an alternative to apartment rental. However, the tendency of the units of this era to depreciate rapidly in resale value{{Citation needed|date=December 2011}} made using them as collateral for loans much riskier than traditional home loans. Terms were usually limited to less than the thirty-year term typical of the general home-loan market, and interest rates were considerably higher.{{Citation needed|date=December 2011}} In that way, mobile home loans resembled motor vehicle loans more than traditional home [[mortgage loan]]s.