Modular Home Loans

modular home loans

 

Home Loans

Modular Home Loans

New modular homes are available in an amazing variety of styles, sizes and floor plans.  It's no wonder they've become such an affordable housing choice for nearly twenty million Americans!  Here are a few good tips to help you if you are thinking about buying a new manufactured home or are looking to get a modular home loan.

Make a list of your priorities before beginning to shop around for modular home loans.  What size, price and type of modular home do you want or need?  Where do you want it to be located?  What features are necessary (such as the number of bedrooms/bathrooms, size of kitchen, availability of closets and/or other storage space, etc.)?

One of the most economical and common choices for a modular home is a single section home with around 1,000 square feet of living space.  The average cost for one of these is around $24,000.  However,  you may want to consider a double-section modular home if you need a little more space.  They are substantially larger at about 1,600 square feet.  Of course, bigger means more expensive, as these are priced at around $43,000.  It is to be noted that these prices can vary depending on what part of the country you are looking to buy.

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