Prefab homes are created in factory and then transported to the home site for construction and installation. These are typically installed and treated like a regular house, for financing, appraisal and construction purposes, and are usually the most expensive of the three. Although the sections of the house are prefabricated, the sections, or modules, are put together at the construction much like a typical home. Manufactured homes, once placed on a permanent foundation, are considered the same as modular or site build homes for appraisal purposes.
Manufactured homes are built onto steel beams, and are transported in complete sections to the home site, where they are assembled. Wheels, hitch and axles are removed on site when the home is placed on a permanent foundation.
Mobile homes, or trailers, are built on wheels, that can be pulled by a vehicle. They are considered to be personal property, and are licensed by the Dept. of Motor Vehicles. which are gaining in popularity, are within this category. They must be built to pass inspection for licensing.
Mobile homes and manufactured homes can be placed in mobile home parks, and manufactured homes can also be placed on private land, unless the land is within a subdivision whose prohibit manufactured housing.