{"id":3486,"date":"2015-03-31T14:00:29","date_gmt":"2015-03-31T18:00:29","guid":{"rendered":"http:\/\/legendaryhomesinc.com\/blog\/?p=3486"},"modified":"2015-03-31T14:00:29","modified_gmt":"2015-03-31T18:00:29","slug":"using-va-loan-to-acquire-a-modular-home","status":"publish","type":"post","link":"https:\/\/legendaryhomesinc.com\/updatedsite\/?p=3486","title":{"rendered":"Using VA Loan to Acquire a Modular Home"},"content":{"rendered":"<p><a href=\"http:\/\/legendaryhomesinc.com\/blog\/financing\"><img loading=\"lazy\" decoding=\"async\" class=\" size-full wp-image-1441 alignright\" src=\"https:\/\/legendaryhomesinc.com\/updatedsite\/wp-content\/uploads\/2014\/05\/Permanent-Modular-Home-Construction.jpg\" alt=\"Modular Home and VA Loan in Michigan\" width=\"498\" height=\"316\" data-wp-pid=\"1441\" \/><\/a>Out of the gate, it\u2019s incredibly important to make this distinction: Modular homes and manufactured homes are not the same thing, at least as far as the<span class=\"apple-converted-space\">\u00a0<\/span><a href=\"http:\/\/www.veteransunited.com\/\" target=\"_blank\" rel=\"nofollow noopener\">VA home loan program<\/a><span class=\"apple-converted-space\">\u00a0<\/span>is concerned.<\/p>\n<p>Regardless of the home you choose, now is the time to get started on your<span class=\"apple-converted-space\">\u00a0<\/span><a href=\"http:\/\/www.veteransunited.com\/va-loans\/?utm_source=blog&amp;utm_medium=copywriting&amp;utm_campaign=va-loans\" target=\"_blank\" rel=\"nofollow noopener\">VA home loan application<\/a>. Its many<span class=\"apple-converted-space\">\u00a0<\/span>advantages<span class=\"apple-converted-space\">\u00a0<\/span>make home buying easier and less expensive for veterans.<\/p>\n<h3>Modular Home and VA Loan<\/h3>\n<p><strong>Modular home<\/strong> construction is a different ballgame. The finished pieces remain inside of the factory and aren\u2019t exposed to outside conditions until it comes time for transport. Depending on the look, it\u2019s sometimes tough to tell a modular home from a traditional single-family residence. And unlike manufactured homes that must only meet a standard U.S. Housing and Urban Development (HUD) housing code, <a href=\"http:\/\/legendaryhomesinc.com\/blog\/financing\">modular home<\/a> loan also need to satisfy local regulations.<\/p>\n<p>The process for purchasing an existing modular home is simply the standard procedure: Prequalification, Preapproval, Contract, Underwriting, Closing and House Party.<\/p>\n<p>Where things can get more complicated is if you\u2019re wanting to buy a new modular home and have it installed on a piece of land. Lenders will often consider this new construction, and that\u00a0changes the complexion when you\u2019re talking about VA home loans. It\u2019s tough to find VA lenders out there willing to do a true $0 down construction loan.<\/p>\n<p>Often, borrowers need to obtain a construction loan from a <a href=\"http:\/\/legendaryhomesinc.com\/blog\/financing\">builder or a local lender<\/a>, then look to refinance that short-term loan into a permanent VA mortgage once the home is ready. This is a common pathway for both stick-built and modular-new constructions.<\/p>\n<p>In case you still have questions about modular homes, you may contact\u00a0<a href=\"http:\/\/legendaryhomesinc.com\/ModularHomePrices\/\" rel=\"nofollow\">Legendary Homes Inc<\/a>\u00a0in Jackson, Michigan. A representative will be happy to assist you. Meanwhile, you can check our\u00a0<a href=\"http:\/\/legendaryhomesinc.com\/ModularHomePrices\/\" rel=\"nofollow\">modular home price sheets<\/a>\u00a0by signing up to our\u00a0<a href=\"http:\/\/legendaryhomesinc.com\/blog\/\">blog<\/a>.<\/p>\n<h2>Topic: Modular Home Financing<\/h2>\n","protected":false},"excerpt":{"rendered":"<p>Out of the gate, it\u2019s incredibly important to make this distinction: Modular homes and manufactured homes are not the same thing, at least as far as the\u00a0VA home loan program\u00a0is concerned. Regardless of the home you choose, now is the time to get started on your\u00a0VA home loan application. Its many\u00a0advantages\u00a0make home buying easier and [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[27],"tags":[389,401,412,425,451,466,622],"class_list":["post-3486","post","type-post","status-publish","format-standard","hentry","category-modular-home-builder","tag-modular-home","tag-modular-home-buying","tag-modular-home-cost","tag-modular-home-financing","tag-modular-home-michigan","tag-modular-homes-2","tag-va-loan"],"_links":{"self":[{"href":"https:\/\/legendaryhomesinc.com\/updatedsite\/index.php?rest_route=\/wp\/v2\/posts\/3486","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/legendaryhomesinc.com\/updatedsite\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/legendaryhomesinc.com\/updatedsite\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/legendaryhomesinc.com\/updatedsite\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/legendaryhomesinc.com\/updatedsite\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=3486"}],"version-history":[{"count":0,"href":"https:\/\/legendaryhomesinc.com\/updatedsite\/index.php?rest_route=\/wp\/v2\/posts\/3486\/revisions"}],"wp:attachment":[{"href":"https:\/\/legendaryhomesinc.com\/updatedsite\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=3486"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/legendaryhomesinc.com\/updatedsite\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=3486"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/legendaryhomesinc.com\/updatedsite\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=3486"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}