Why buy a manufactured or modular home?

The need for quality, affordable housing has never been greater. Whether you’re buying your first home or retiring to a new community, today’s manufactured homes offer quality construction and budget-friendly prices that are up to 50 percent less per square foot than conventional site-built homes. These savings allow more and more Americans to own their own home, even in the face of an ever-widening housing affordability gap. And at any life stage.

The difference between manufactured and modular homes.

Both manufactured homes and modular homes are built in a factory environment where materials are protected from the elements. In both cases, each home is built in sections, or modules, and then transported to the site where they are installed. Modular homes are built to meet state or local residential building codes while manufactured homes must meet a federal code established by the Department of Housing and Urban Development (HUD).

Get pre-approved

Getting pre-approved is one of the first steps of buying a home.  A pre-approval tells you what price range you can afford and makes you a more powerful buyer because the seller knows you have your financing in place. Getting pre-approved can also help to speed up the closing process, since much of your financial information is already collected and reviewed.

To get preapproved, we’ll need to verify your income, employment, assets and debts. We can provide you with a handy document checklist so you’ll know exactly what we need to get the process rolling.

Worried your credit might not be good enough to get pre-approved? Don’t be afraid. We’re happy to meet with you, review your financial situation and help you create a personal plan to achieve your goal of homeownership.

*This is not a commitment to lend. Not intended as credit counseling, accounting or investment advice. Contact your financial representative for more information.