In Michigan securing the best modular home financing can be a challenge. Very few lenders will provide progress payments for transportable homes and modular construction. That is why Legendary Homes Inc. has simplified the process and can offer clients the option to defer progress payments until the construction is complete, saving you thousands in interest costs.
Our lending partners at Premiere Home Mortgage have access to some of the best options available for financing modular homes in MI. The focus of our partnership is helping those individuals and families that are buying a home in need of renovation, purchasing a new modular or manufactured home or remodeling their current residence. We offer loans that most mortgage companies do not tender and that few can provide with excellent customer service.
You can get pre-qualified from any of the many lenders who do modular construction loans. There are lenders who specialize in modular construction loans and have features about their construction loans that are important such as one closing and up to 95% financing including land.
Please keep in mind when choosing a lender that the modular home is to be paid upon delivery to your site, not upon installation to the foundation. We recommend you are in a 12 month construction loan starting the day you receive your building permit. We also recommend using one of our referred lenders as they are familiar with our construction process, which makes your project run smoother for all involved.