Whether you are considering a new modular, doublewide or mobile home, financing your purchase will be one of the most important parts of the building process. Listed below is general financing information you might find useful.
Modular Home Financing:
Modular homes are financed in much the same way stick built homes are financed. The available financing options are numerous. Some of the options available include:
If you don’t already have land
If you don’t have a piece of land for your new modular home, then you’ll want to consider what is called a land home package. In these financing packages the purchase of the land and; home are
combined. In addition, if improvements such as septic system, well, or driveway are needed, these often can be included in the finance package as well.
If you already have land
If you already have your land, then financing your new modular home will be very much the same as if you were having a stick built home constructed.
Example lending sources
There are many lending sources to choose from. Listed below are just a few examples that you can find,
Jason Golden at NBT 607-379-2359
Sara Reifler at Wells Fargo, NMLSR ID 408631, 607-770-1700
Tim Nolan at MHD Empire Corp 866-870-2612
Bill at Approved Credit Services Inc. 800-449-4007
Kim Kurkowski at National Bank of Delaware County 607-865-3210
Doublewide and Mobile Home Financing
Manufactured home financing is more varied than financing for modular homes. One reason is that a manufactured home such as a doublewide or mobile home can be placed on property you own, rent or lease long term. In addition the home can be situated on a full basement, crawl space, footer and block pier foundations.