Financing options for factory built homes

What are the financing options for Modular Homes?

Since a Modular Home is built to the same building codes as conventionally built home the financing for this type of factory built home would be exactly the same, with the same rates and terms. Most loans are backed by Fannie Mae, Freddie Mac, FHA, VA, or USDA. Contact your personal banker or mortgage lender or contact us for local recommendations.


What are the financing options for Manufactured Homes?

A Manufactured home, which sometimes is referred to a sectional, mobile home, doublewide, or singlewide can be financed a couple ways.  We are set up with various lenders who specialize specifically in Manufactured Home Financing. These loans are personal property loans and usually require a minimum of 5 – 10% cash down or trade equity. Generally, the higher your down payment and FICO score the lower the interest rate. Applications are available at our office . . . all you need to do is fill it out and we’ll submit it for you. Land / Home loans, also known as Chattel Loans, are also available. Contact us for more information.


Have more questions?  Contact Excelsior Homes West, Inc. of Hutchinson today for the answers. (800)547.4990