Get Started

Terms & Definitions

A quick glossary of common homebuying terms so you can make informed decisions at every step.

Key Terms

A home built in a factory to federal HUD code standards, then transported to its final location.

A home built in sections in a factory and assembled on-site to local and state building codes.

A lender review that estimates how much you may be able to borrow before selecting a home.

The upfront amount paid at purchase, typically expressed as a percentage of the total cost.

The length of time you have to repay your loan, such as 15, 20, or 30 years.

Work completed on your lot before home delivery, including grading, utility setup, and foundation readiness.

The process of transporting the home to your site and placing it on its foundation or support system.

The final step where documents are signed, funds are finalized, and ownership is completed.

Connect with us and we will help you map your next steps based on budget, timeline, and location.