Flexible Financing for Modular Home Loans
A modular home loan is a financing option that caters to people who wish to purchase prefabricated homes known as modular homes. These homes are constructed off-site and transported to the final location where they are assembled.
Modular homes are often more cost-effective than traditional stick-built homes and can be tailored to the homeowner’s specific requirements. We proudly help homeowners secure modular home financing across the Mid-Atlantic, including Pennsylvania, Maryland, and New Jersey.
When financing a modular home loan, there are a few key factors that
impact your loan approval process including credit score, debt-to-income ratio, and down payment.
Financing a modular home is more straightforward than most people think. With the right lender and a little preparation, you can move from application to approval with confidence, and we’re here to walk you through every step.
What we offer
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A modular home loan is a financing option that enables individuals to purchase prefabricated homes built off-site and assembled on-site.
A log home loan is a type of financing designed to help individuals purchase log homes, which are constructed using logs or timber.
A construction-to-permanent loan covers both the building phase and your long-term mortgage in a single closing. You choose the builder, and we help you lock in financing from ground-breaking through move-in.
How to prepare for the application process
Modular homes are popular for affordability and flexibility, but qualifying for a loan requires preparation. Tips:
When applying for a loan, having a good credit score is crucial as it increases the likelihood of loan approval, and for modular home loans, lenders usually require a minimum credit score of 620.
When assessing eligibility for a modular home loan, lenders take into account both your income and debt-to-income ratio, with some lenders willing to approve loans with a debt-to-income ratio of up to 50% of gross income.
Modular home loans need a down payment, typically 5% to 20% of the total home cost depending on the loan and lender.
To apply for a mortgage, you will typically need to provide personal information such as your full name, birthdate, Social Security number, phone number, as well as financial documentation including proof of income, tax returns, bank statements, employment verification, and a credit report.
Research their reputation, experience, and customer reviews. Additionally, it is advisable to request quotes from multiple builders and compare their pricing, customization options, and warranty policies.
Why Choose Us
Building Your Dreams
One Home At A Time
Modular homes are constructed inside climate-controlled factories, giving builders tighter control over every stage of the process. That means fewer weather delays, less material waste, and a level of precision that's difficult to achieve with traditional site-built construction. The result is a home that's built to last and one that's typically more energy-efficient from day one.
Factory-built construction allows for consistent quality at every phase of the build, from framing to finishing. Because each section of the home is assembled under controlled conditions and inspected before it ever leaves the facility, modular homes routinely meet or exceed the standards of conventional construction. For many homeowners, that translates to a better-built home on a shorter timeline and often at a lower overall cost
Mortgage pro with top-notch service and smart liability planning for your real estate needs.
As a team with several years of experience in the Mortgage industry, we are committed to providing our clients with exceptional customer service and satisfaction. Whether you are a first-time homebuyer or looking to refinance your current home, we can create a liability plan tailored to your unique wealth strategy.
Our team is well-versed in complex income calculations, self-employment income, trust income, and deriving income from existing assets, and we collaborate with bankers and wealth planners to achieve your overall financial goals. With our stress-free mortgage process and a commitment to exceeding your expectations, we are here to be your advocates.
Contact us today to learn more about our services and how we can assist you.