Homes that are built entirely in a factory in accordance with a federal Local regulations that set forth the standards and requirements for the construction, maintenance, and occupancy of buildings. The codes are designed to provide for the safety, health, and welfare of the public.... administered by the U.S. Department of Housing and Urban Development (HUD). Manufactured homes may be single-or multi-section and are transported from the factory to a site and installed. Homes that are permanently affixed to a foundation often may be classified as Land and anything permanently affixed thereto — including buildings, fences, trees, and minerals.... under applicable state law and may be financed with a A loan using your home as collateral. In some states, the term mortgage is also used to describe the document you sign (to grant the lender a lien on your home). It also may be used to indicate the amount of money you borrow, with interest, to purchase your house. The amount of your mortgage often is the purchase price.... Homes that are not permanently affixed to a foundation generally are classified as Any property that is not real property. and are financed with a retail The regular periodic payment that a borrower agrees to make to a lender.... sales agreement.