What's your MH IQ?

May 25, 2018

Think you know everything about our type of housing because you heard it in a country song?  Well, smarty pants, try the test below.

1 Trailers, mobile homes and manufactured homes all refer to the same thing.

True            

False

2 What year was the first “manufactured home” built?

  1. 1945

  2. 1951

  3. 1964

  4. 1976

3 Manufactured homes in Iowa are regulated by:

  1. Iowa Building Code Bureau

  2. US Department of Housing and Urban Development

  3. Iowa Department of Public Safety

  4. All of the above.

4 The minimum amount of time it takes from applying for a manufactured home loan to walking into your new home is:

  1. 1 day

  2. 7 days

  3. 30 days

  4. 60 days

5 What are manufactured homes called in Europe?

  1. Trailers

  2. Caravans

  3. Casitas

  4. Not Applicable – There are no manufactured home-type dwellings in Europe

     

    Answers:

  1. False. There are distinct use, style, legal and construction differences in these three types of housing.

  2. (d) 1976.  On June 15, 1976, Congress passed the Manufactured Home Construction and Safety Standards Act.  This set higher standards for construction of factory-built dwellings.  Prior to this, factory-built homes were called “mobile homes”.  After this date, the new, improved homes were called “manufactured homes”.

  3. (d) All of the above.  In the 1960s and 1970s, mobile home dealers were considered disreputable.  Since that time, federal, state and local governments, with the assistance of reputable mobile home retailers like Hames Homes, have implemented sensible oversight and licensing.

  4. (b) 7 days.  Most Hames manufactured homes are move-in ready.  However, if you’re getting a loan for your new manufactured home, Truth in Lending Act (TILA) requires a 7 day waiting period from loan-approval to loan-closing. 

  5. (b) Caravans.  There are a few factory-built homes in Europe, and most are used for vacationing.

You don’t need to be an expert on mobile and manufactured homes.  Let us do that for you.  At Hames Homes, we can help you through the entire process, from selecting a home, to financing, insurance and placing your home.  Call us today at (319) 377-4863.



Commentary

No comments have been posted for this item.

ADD YOUR COMMENT
Please keep it clean, and stay on the subject or we may delete your comment. If you see inappropriate language, e-mail us. An asterisk (*) indicates a required field.



1000 character limit. All comments are subject to editing or deletion.



Please enter the text you see in the image:
Get Audio Code