What is the Available Assistance with Financing a Custom Modular Home in Hesperia?
Yes! USModular has established relationships and partnerships with competitive financiers that specialize in the in the custom modular home construction industry. These trusted lenders have several loan types available, from construction loans to permanent and mortgage loans.
USModular financiers can offer unbeatable finance options for modular customized home projects in the local Hesperia area. Financing options are available for:
- Vacation homes
- Stated income for self-employed
- Competitive rates for new modular homes
- Loan terms up to 30 years
- Construction to permanent loans (mortgages)
- Competitive rates for new modular homes
USModular works with lenders that recognize and appreciate the time savings and quality provided to homeowners. These financiers abide by our proficient time schedule and will work just as efficiently to get your new modular home project completed in good time!
Are there Differences in a Construction Loan and a Mortgage?
A construction loan is a loan in which the funds are used to back construction of a home, Commercial building, or other building type. The repayment term is generally based on circumstances that can only occur when the project is being built.
Its due to these factors that certain features of the loans are subject to harsher monitoring and more specific procedures to ensure the project is completed so repayment can begin. Construction loans are generally meant to be paid back quickly and under a short term contract.
A mortgage is a long term loan set up under a period of 15 – 30 years that comes with monthly payments. A mortgage is entails collateral, loan principal and interest, and property taxes. The house itself is used as collateral in a mortgage.
Visit our site for more information on financing your modular home!
