Are you considering building a modular home? When selecting a lender it's important to consider a range of factors. These include making sure they can offer you:
• Peace-of-mind. Make sure the lender you select is strong, secure and committed to construction lending. You'll want to know they'll be there from the start of construction, through to the completion of your home.
• Special financing options for modular homes. These include pre-curbside funding, a key feature many manufacturers look for in a lender.
• A wide range of end loans including fixed rate mortgages, adjustable rate mortgages, bi-weekly mortgages, jumbo loans and no income verification programs, ideal for self employed buyers.
• Bridge Loans, so you can leverage the equity in your current home for downpayment and closing costs - before you sell.
• Lot Loans for when you've found the right lot, but not the right plan yet.
• A Mortgage Pre-Approval Program to help you determine how much you can afford, and what your payments will be, before you commit to a plan.
• Experience you can trust. Financing the construction of a modular home is not like building a traditional stick built home. An experienced lender won't just provide a loan but will help you understand the home building process, making you a more informed buyer, which can save you time and money.