Prefab Homes in California

Modular Homes in California

California Modular homes continue to attract new home buyers as more and more people recognize their advantages compared to stick-built options. Modular housing construction combines both high-tech modern architecture and efficiency, which is why potential home buyers are enticed to look at a modular home. But just like any standard building option, building a modular home also needs financing. The good news is new construction loans are at an all time low with interest rates in the 4% to 5% range.

Modular home mortgages usually combine long term financing and a construction loan. This combination is processed at the same time and requires one closing; therefore, you are able to save money and time. Buying there is a wide variety of options available for modular home mortgages. All you have to do is to choose a mortgage program that best suits your specific needs. You can choose a construction loan that will fit with a conventional loan program and offer low interest rates and low down payments.

When you apply for a modular home mortgage, you need to present a purchase order showing the cost of the modular home and transportation costs, along with site-improvements like: concrete foundation, utility hook ups and so on. If you are already the owner of the land, you have to present a copy of the deed, survey and related tax bills. Aside from this, you have to provide the lender with your personal financial information and pay the necessary application fees.

Most modular home builders will assist you in gathering this information and help you with finding the right lender. Many builders have their own financing companies they work with and you can compare their rates to your local lender. Modular homes in California typically cost 30% less compared to traditional building methods. If you’re in the market for a new home be sure to check out your options.

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Tags: modular, home, housing, construction, homes, options, buyers

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Modular Home Book Resources

Popular Buying Guides for Modular Homebuyers

  • modular home

    Modular Home Ratings Guide Package – Over 80 Builders Rated

    List Price: 59.80
    Our Price: 29.95

    When trying to select a modular home the first place to start is at the factory level. Knowing which factories deliver to your area is the first step in understanding your options. The second and most important step is determining how the factories compare to each other in the areas of: Quality Construction, Design/Style, Appraised Value and Price.

    Click Here to Learn More!

  • Manufactured Home Ratings Guide Package – Over 65 Builders Rated

    List Price: 59.80
    Our Price: 29.95

    The manufactured housing industry has made some serious improvements in recent years regarding quality construction and residential appeal. With modern day technology and assembly line techniques, the industry is overcoming the misconception that manufactured homes are poorly built and don’t measure up to stick-built homes.

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  • How To Secure The Best Modular Home Loan

    List Price: 19.95
    Our Price: 9.95

    Knowing your financing options is the first step to securing a good deal. We have spoken with hundreds of modular home lenders and Mr. Eaton the author has gone through the process himself. Learn from his insight and you can avoid some common mistakes people make when financing their home.

    Click Here to Learn More!

  • How To Negotiate with Your Modular Home Builder

    List Price: 19.95
    Our Price: 9.95

    On average 80% of homebuyers pay too much for their modular home. Not surprising with all the choices one must make from negotiating with your builder to purchasing property and site-improvements. This resource will reveal important negotiating secrets and dealer profit margins that will give you an edge when negotiating with your builder.

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  • How To Spot A Well Built Modular Home

    List Price: 19.95
    Our Price: 9.95

    Most modular home builders have display models for potential home buyers to walk through. These models are professionally decorated to impress buyers with elaborate decorations, elegant furniture and dazzling floorplans. Aesthetics are important but would you purchase a modular home based on looks and compromise structural integrity? Don’t be fooled by appearances and miss what really matters; “Quality Construction.”

    Click Here to Learn More!