Prequalify for Financing
Financing a Modular Home in CT, MA & RI
Buying a new home can be both an exciting and uncertain time. If you’re ready to invest in a modular home, finding the right financing option is the first thing you need to do.
At Design. Build. Modular., we’re there for you every step of the way. From finding the right financing option for you to finishing construction, we will help you through any issues and give you the advice and guidance you need.
The First Step in Our Process
When you begin working with us on your new modular home, the first thing you’ll do is schedule a consultation with our designers and builders. We want to fully understand your budget for your project. After we know your budget, we will help you design your dream home. With many options for customization, we will create a home that perfectly matches your style and needs.
Average modular home prices vary depending on the customization options you choose and the type of home you want.
Modular homes can be built in a number of different styles, including Ranch, Cape Cod, Split Level and Colonial.
Once you’ve decided how you want your home to look and feel after the project is finished and what your budget is, you need to find the right type of addition that will make your vision a reality.
Financing a Modular Home
Although modular homes are made using different methods than other types of homes, the financing process is very similar. But, there are some differences you need to keep in mind. For your modular home, you need to buy and prepare your plot of land and pay the builder before construction is completed. You need to take out a construction loan, and then you can convert that loan into a mortgage to pay off long-term.
Whether you’re buying a home for the first time or have purchased a home before, navigating your new home’s financing can be difficult. This may seem like a confusing process, but we are here to help you through it.
How We Can Help
During your home buying process, we will help you with every step. Beginning with your financing options and concluding with your finished home, we want to make this process as transparent and simple as possible.
The worst part of buying a home is often securing financing. You need to find a reliable lender with a fair interest rate. When you work with Design. Build. Modular., we can connect you with a modular home lending specialist. These lenders are experts in the differences with financing a modular home and will help change your construction loan to a traditional mortgage when your home is finished.
To learn more about the modular home construction process or to get started on financing your new home, please contact us today. We can’t wait to get started on designing your dream home.