Are modular homes difficult to finance or insure?
There is no distinction between modular and site-built homes as far as appraisal or financing. Banks and lending institutions treat both types of construction the same. Likewise, there is no difference in insuring the modular property. Many banks prefer modular houses because of the fixed cost and clear description of what they are financing. A modular home manufacturer can also be better known because of the volume of homes they build. Banks are more comfortable with a regulated, consistent product and don't have the headaches presented by some fly-by-night carpenters.
Green Acres Homes
Quality, affordable, manufactured and modular housing
Copyright 2010 -- Green Acres Homes, Estherville, IA 51334
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