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Financing a modular home is different than financing a "stick built" home. Unfortunately, not all construction lenders are set up to handle the different requirements involved in financing a modular home. Most will try to make your project "fit" their loan program, rather than fitting the program to the unique requirements of your project.

Modular home mortgage offer many advantages and payment options.
  • Fixed or adjustable interest rates
  • No typically higher rates for interim financing
  • Eliminate a second set of closing costs with a single close Construction/Perm loan
  • Use the equity in your land as down payment
  • Finance up to 95% of the appraised value (includes your land and the value of the home)
  • Construction periods are available up to one year
  • During construction, payments are interest only and only on the funds disbursed
  • Draw schedules are customized to meet the unique needs of the modular home builder. Your dealer wants to be paid when the package is delivered.
Various loans available for modular home mortgage:-
  • Modular Home Mortgage Refinancing
  • First Time Home Buyer Modular Home
  • Home Equity Loans
  • Modular Home Non Owner Occupied
  • Super Jumbo Loans
  • Interest Only Programs
  • Bad Credit Modular Home Loans
  • Streamline Refinance Programs
  • Stated Income Loans
  • Rural Modular Mortgage Loan
  • Equity Lines of Credit
  • Poor Credit Modular Home Loans
  • Zero Down Mortgage Modular Ho
Thus dream homes come in many sizes, shapes and colors, and not all are built on-site. Several competitive options are available for home modular mortgages. Though many only few companies offer modular home mortgages. Still you should shop around before taking final decision on your modular home mortgages.
 
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