Custom is a word that means a lot of things to a lot of different people. What does it mean to you? For current homeowners who’ve utilized the term “custom” to design their home to their specifications, it means peace of mind. Custom modular homes allow you to decide on the features you require to live well. The question that stops some people from proceeding in their forever home search inevitably centers on finance. Thankfully, manufactured home financing is possible for people from every walk of life.
Custom Manufactured Homes are Cost-Efficient
Two words in every good buyer/seller’s repertoire are “cost” and “custom.” Without a comprehensive emphasis on the importance of each of these words in your search, your ideal home may be hard to find. That’s why modular home manufacturers are a great go-to source for solving your housing dilemma. They simplify the search by ensuring you get a home that checks all the proverbial boxes:
- and (last but not least) Cost-Efficiency
Manufactured home financing gives your budget the focus it needs to keep your dreams engineered to your vision and future goals. The added equity that custom modular and manufactured homes bring allows you to realize your home as not only your own but a quality investment. What do you need to acquire manufactured home financing? Here are some helpful tips on pursuing funding for the place you’ll call home.
Ins and Outs of Manufactured Home Financing
What will it take to get the funding you need for an equity-building investment? Modular home manufacturers provide manufactured home financing options that work for many income brackets. Banks finance modular homes through a two-stage loan process. Another term for this is a construction-to-permanent loan. If you’ve decided to go through the process of manufactured home financing, and have found a home to call your own, speed up the process by having:
- Your manufacturer’s contract
- Federal tax returns
- Employment proof
- Work History
- W-2 forms
- Land deed
The list above is a good starting point to have when seeking manufactured home financing. Once you’ve started filling out the paperwork for the manufactured home financing process, you’ll be able to see more clearly what needs to be done next. Whatever financial institution you select will be able to tell you more specifically what they require. Soon you’ll be well on your way to owning your own home.
Modular Home Manufacturers are Customer First
Manufactured home financing opens funding doors that normally would be shut for everyday people. Modular homes are especially valuable for potential buyers when seeking an affordable housing solution. Modular home manufacturers have to adhere to strict guidelines to ensure quality and safety in their products. Financers appreciate homes that are permanent by design. And so do homebuyers!
A modular home manufacturer has to create housing options that:
- Meet the same standards a stick-built house is required to meet
- Will be approvable for those seeking modular home financing
- Are configured for a permanent foundation
- Fulfill the state and local requirements of the home’s future location
- Follow the region’s code requirements (this could mean having the roof pitch, exterior appearance, and foundation type)
These standards give financial institutes the assurances they need to trust your home will be a financially sound investment.
After Manufactured Home Financing is a Go
Once you find the best source for custom manufactured and modular homes that meet your state/local standard and have the manufactured home financing you need, you’ve tackled the cost element. Now it’s on to the fun part! Custom features! You can enjoy the perks of getting to select the finishes that will make your house into a home!
After leaping over the largest financial hurdles, you can choose from the many custom features custom modular homes offer. Select from hundreds of choices in:
- Floor styles
- Countertop materials
- Exterior paint colors
- Siding and decking
- Crawl space additions
- Appliance Packages
- Kitchen and bathroom cabinetry
- Types of tubs/sinks
- and much much more!
You’ll be excited to find how many ways there are to customize your modular home. With so many finishes at your fingertips, it may spark a love for all things design!
Keeping Manufactured Home Financing in View
At Baird Homes, you are given custom treatment in cost and custom design. Manufactured home financing should be the least of your worries. We cater to your individual financial and design needs with the same care we give to creating our custom manufactured homes. We keep high standards and know that those standards make it easier for you to acquire the manufactured home financing you’ll need! Contact us today and discover high-quality custom homes that cut costs, not quality!