Frequently Asked Questions

Frequently Asked Questions

What is the difference between a trailer, a mobile home, a manufactured home and a modular home?

“Trailer” is an outdated term that was used to describe mobile homes years ago when they were closer in size and style to early travel trailers. The term “mobile home” was officially changed by Congress to “manufactured home” in 1976 to coincide with the new building standards set for the industry by the Department of Housing and Urban Development. This terminology also reflected the permanent residence aspect the industry had obtained. Modular homes are built to other building codes such as BOCA, RBC, etc. instead of being built to the HUD code. The difference in manufactured homes and modular homes typically involve design differences rather than structural or performance differences.

Where can I find financing for my purchase of a manufactured home?

Your local retailer will have access to several types of financing including conventional, FHA, land/home, etc. Your local bank may also be an option. Go to the “Retailer Locator” tab on this Web Site for a listing of a retailer near you. He will be glad to customize a finance program that will best fit your situation.

How can I find a Lexington Homes retailer?

At the Home page on this Web Site, you will see a tab that says “Retailer”. Click on this tab for a complete list of Lexington Homes’ retailers in your area, or give us a call at 1-888-610-9171.

How much down payment do I need?

Amounts vary by type of finance program and your personal credit history. Amounts can be as little as “0” down if you own your own land. Your Lexington Home retailer will be glad to determine what your best option might be. Remember that in every case, the higher the down payment, the lower your monthly notes will be.

I know I have poor credit. How can I find out if I even qualify for a home loan?

Most lenders “grade” credit applications by analyzing your credit history, income, debt, and other factors. A poor credit history does not necessarily mean you won’t qualify for a loan, but it may mean, as an example, that more down payment is needed. Lenders typically rely on a “Fico” or “Beacon” score to determine your credit worthiness. There are several Internet Web sites that can help you with this, or you can visit your local Lexington Homes retailer for assistance.

Do you take trade-ins?

Our retailers are always looking for good quality trade-ins. When shopping your nearest Lexington Home retailer, let him know you want to trade your existing home for a new model.

Can I customize my Lexington Home?

Lexington Homes does not do customizing for some very important reasons. Our philosophy relies on two main factors; building homes with top notch quality, and building in volume. High quality assures us of having satisfied customers who tell their friends and family about our product. High volume allows us to spread the cost of production among more homes, thus reducing the cost per home to its lowest possible price. These goals cannot be achieved by custom building homes because it would either cause a drop in quality and/or a sharp increase in the price of the home.

What is the warranty period on your homes?

Our manufacturer’s warranty is for one full year from the date of purchase. When you purchase your new home, your retailer will give you all of the details on warranties.

How do Lexington Homes compare to site-built housing?

Typically, our cost per square foot is about half of that of site-built housing. This is due to building our homes in a factory, using proven assembly line methods. It is the same reason an automobile built on an assembly line is about half the cost that it would be if you assembled that same car one part at a time in your back yard! Factory building means no weather delays, better inventory control, reduced labor cost and better quality control. Factory building also lets us buy in volume, thus further reducing the cost of materials per home. Also, the materials used are virtually the same as used in site-built housing. We use nationally recognized brand name products such as Georgia Pacific, Rheem, Nordyne,Whirlpool, Shaw Carpets, General Electric, Owens Corning, etc.

Who delivers and sets up my home?

Your retailer has trained and licensed professionals that will deliver and set up your home according to the requirements stated in our set up manuals. They will also be able to install other home options you may have purchased such as skirting, air conditioning, gutters, etc.

Do you supply land to go with the home?

Your retailer will have information available on land for sale, local manufactured housing communities, subdivisions, etc.