Modular Home Mortgages

Modular Home Mortgages & Finance

Understanding your Lending Options

Modular homes can be one of the most affordable housing options on the market today and they come in many sizes and shapes. New modular homes come with carpets, window blinds, appliances and even a washer/dryer in some cases. For many, the main attraction to owning a modular home is the cost savings compared to traditional building methods.

This type of housing is especially attractive for retirees or first-time home buyers, the main selling point being, “affordability”. But if you’re not careful you could end up spending more than you bargained for.

Based on our research here at Modular Homes Network, we estimate that the average home buyer spends 5% to 15% too much for their new modular home. On a $150,000 home purchase that could add up to $8,000 - $12,000. That is money that could have been used for landscaping, upgrading the appliances or adding a double-car garage.

If you are planning on financing your home you need to know your options before you start looking. I know you want to go right out and start shopping for a home - you may have already viewed some homes at your local builder or, maybe have selected a particular floor plan or model. I realize the urge to shop till you drop is so in-grained in our society, but knowing your financing options is the first step to securing the best deal possible.

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.

 

Tags: modular, home, housing, homes, options, financing, start, main, securing, knowing, step, price, appliances, mortgages

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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.

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  • Manufactured Home Ratings Guide Package – Over 65 Builders Rated

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    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.

    Click Here to Learn More!

  • 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!