Financing Your Modular Project
Whether you’re building your forever home, setting up a second property, or investing in a business venture, modular homes are a smart, flexible solution. And when it comes to financing your modular project, there are a few solid options depending on your total budget and timeline.
Financing a Modular Home as a Primary or Secondary Residence
If you’re planning to live in your modular home full-time or use it as a vacation property, your best option may be a one-time close construction loan through a reputable lender. This is the most popular route for buyers financing the full project.
With a one-time close construction loan, you can finance:
- The modular home itself
- Foundation work
- Land prep and clearing
- Utilities such as well, septic, water, or power hookups
- Decks, porches, and other site-built features
These loans typically convert into a 15- or 30-year mortgage once the project is complete and are available based on approved credit. If your total financing needs exceed $150,000, this is often the most streamlined and cost-effective option.
If your project total is under $150,000, your best options may include a cash purchase, or exploring short-term personal loans or a home equity line of credit (HELOC). These are quicker to secure and ideal for smaller builds, rental units, or secondary vacation cabins.
Need help navigating your options? Your sales rep can walk you through what’s available based on your credit and financial goals.
Recommended Personal Lender:
We highly recommend working with Bill Herceg, Vice President at The Federal Savings Bank. He specializes in modular home lending and has helped many of our customers successfully finance their homes.
Financing a Commercial Modular Building for Your Business Needs
If you’re planning to live in your modular home…
Recommended Commercial Lenders:
1-888-533-4882
www.startuploansusa.com
Kevin Van Wagner
509-630-8720
www.fullcirclellc.us
Gary Raffensberger
954-494-5944
www.businessfinancedepot.com
Drew Sikula
312-224-8965
www.thebscgroup.com
If you’re not sure where to begin, contact us today. We’re here to help you find the right financing solution for your modular home—whether it’s a cozy lakeside cabin, a family home in the country, or a vacation rental you plan to grow.