Q: How do I finance my modular home purchase?

/Q: How do I finance my modular home purchase?

A: Most mortgage lending institutions treat modular homes the same way they treat a traditional site built home and offer the same mortgage options. We require your lender to provide construction draws typically 10% down to order the modular home, at the time the foundation/excavation is complete, when the home arrives on your site and a final draw at the completion of our contracted site work. Your lender should be able to help tailor a construction-lending package to meet your needs.

By |2014-11-12T21:59:09+00:00October 30th, 2014|Comments Off on Q: How do I finance my modular home purchase?

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