Modular home loans

Modular home loans are customized for home buyers who want to finance a factory built house but not necessarily the land that it will rest upon. It is a unique opportunity for houses that are manufactured elsewhere, almost to completion, but which are assembled on site-- it is not necessarily the same kind of financing needed for a mobile manufactured home which is built on a steel chassis. This type of financing is similar to loans designed for site-built homes which share the same building code requirements, except they have terms which better anticipate the needs of modular construction and do not need to be tied to a property deed or title. This makes a modular home loan advantageous if someone wants to live on rental property, family land, or have separate mortgages for the land and home.