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MOBILE HOME LOANS By PS Loan
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Modular Homes Builders

Homebuyers opting to build their own home from the ground up have several options available to them. These include constructing a home from a custom floor plan, or choosing to build a prefabricated modular home. Modular homes are becoming increasingly popular. Before, these homes did have somewhat of a negative implication. Prior to modular homes - which are single family homes partially constructed and moved to a site location - manufactured homes were common. However, the two types of constructions are different. Manufactured homes are considered trailers or mobile homes. Moreover, manufactured homes do not have to follow the same building codes as a single family home. On the other hand, a modular home must follow local and state codes. For this reason, a modular home does not lose value like a mobile home.

Modular homes builders are located in practically every state. Because modular homes are considered single family dwellings by some states, these homes are allowed within city limits. Thus, homebuyers may choose to purchase a piece of land and construct a modular home. There are many reasons to select a modular home. If you live in an overpriced housing market, you are perhaps overwhelmed with the costs of housing. However, if buying a modular home, buyers get more house for their money. On average, homebuyers can save up to $50,000 with a modular home in comparison to a site built home. Modular homes builders offer a wide assortment of floor plans to match every need.

Whether you prefer a small home or a large home, there is a modular floor plan for your family. Ordinarily, modular floor plans begin at 1,000 square feet. However, there are home plans up to 6,000 square feet. Furthermore, constructing a modular home with multiple stories is doable. Before choosing a home design, it might help to consult different modular homes builders. Browse floor plans or choose to customize your own modular home.

Some homebuyers prefer a modular because the home is safe from outdoor elements during the construction phase. Modular homes are constructed in factories. Thus, it is safe from rain, wind, snow, etc. In some instances, the weather can delay the construction of a site built home. With a modular home, construction stays on schedule. Even though construction times vary, those selecting a modular home can count on a rapid turnaround time. Additionally, because modular homes consist of a simple design, homebuyers do not have to fear the builder running out of money. Modular homes builders will determine a price before construction, and will remain within the budget.

Some mortgage lenders do not offer loans for manufactured homes. Yet, a large number will write loans for modular homes. Because these properties are viewed as single family homes, there is no red tape or unexpected surprises. However, the lender will require information on the type of property. In this case, it would be appropriate to identify the property as a modular home. Problems are rare. If a mortgage lender cannot approve the loan request, another lender will.

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