Ways to Finance the Construction of a Modular Home Addition in Allen, Michigan
There are many alternatives for financing your home, including a growing number of lending institutions that are providing conventional and government-insured financing plans for prospective owners. The most common method of financing a manufactured home is through a retail installment contract, available through your retailer. Some lending institutions that offer conventional, long-term real estate mortgages may require the homes to be placed on approved foundations.
Apply for a Modular Home Construction Loan
Apply for the FHA Loan
Construction loans are also issued by HUD-approved lenders and insured by the FHA, or Federal Housing Administration. FHA grants the Title I Home Improvement Loan to someone who meet the requirements. As noted by the U.S. Department of Housing and Urban Development, a Title I loan can be used for home improvements, repairs and property alterations.
Use your Personal Fund
In case you still have question 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
