Steps to a Veteran’s Guaranteed Modular Home Loan
The main purpose of the VA loan program for modular home construction is to help veterans finance the purchase of homes with favorable loan terms and at a rate of interest which is competitive with the rate charged on other type of mortgage loans.
The following steps should help you to understand what VA can and cannot do for the modular home purchaser.
Find the property suitable for your needs.
Go to a lender, and apply for the loan.
Present your discharge or separation papers relating to latest period of service and/or a Certificate of Eligibility.
Property is appraised by approved appraiser.
Estimate of property’s reasonable value is determined.
If application is approved, you get the loan.
In case you still have questions about modular homes, you may contact Legendary Homes Inc in Jackson, Michigan. A representative will be happy to assist you. Meanwhile, you can check our modular home price sheets by signing up to our blog.
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