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Modular & Manufactured Home Financing
Finding affordable and competitive
financing for Modular or Manufactured homes can be challenging. We
understand that for many people a manufactured or modular home is the
best choice for quality living at an affordable price.
If you are considering this option, make sure that you do not get
caught in the Modular or Manufactured Home trap. Many people save
thousands of dollars purchasing a Home only to throw it all away on
overpriced financing.
Complete the online form and receive competitive offers from lenders
who want to make their best offers to you. It’s fast and it’s FREE.
Competitive Rates
Flexible Terms
Purchase or Refinance
Cash Out for Debt Consolidation or Other Purposes
Loan Types
Purchases and Refinancing
Purchase homes for as little as 5% down.
Refinance your current home loan.
Lower your current rate
Debt Consolidation
What is the difference between a modular home
and a mobile home?
There seems to be some confusion on the difference between a mobile
and modular home. At first, you would think that they are one in the
same but at a closer look they are extremely different. The
difference may also affect the type of loan and financing you will
get.
Mobile Home - A mobile home is exactly that, a home that is built
on a trailer frame in order to transport the home. It will usually
have a aluminum exterior with interior partitioning. A mobile home
with its wheels attached and not permanently affixed to the ground
is not considered real property and does not qualify for mortgage
type financing. In order for a mobile home to be mortgaged, the home
must be on a permanent foundation and wheels removed. At this point
the home is an un movable fixed on the property. In most cases
lenders will finance a mobile home that meets this criteria if it is
a doublewide or larger.
Modular Home - A modular home in short is a typical
home that is just built of site and moved to a permanent location.
There is really no difference between a modular home and one that is
built directly on your lot. They must conform to the same building
codes as a site built home. In most cases a construction loan
is required so that each party is paid through out each stage of
construction.
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Buying A Home
