Financing & Appraisals
We recommend three preferred lenders, but we will work with your lender if they have construction loan experience.
Calcon Mutual Mortgate
Best for homebuyers in residential settings or VA construction loans. 3.5% down payment construction loans for qualified buyers. Financing available for home and land together.
Finance FAQs
Are modular homes harder to finance?
No. Financing is very similar to traditional new construction. Most buyers use a construction-to-permanent loan, and the key is working with lenders who understand new construction.
How much do I need for a down payment for a loan?
Down payment requirements vary, but many buyers have more flexibility than expected. Some loan programs allow as little as 3.5% down, and VA options may be available for eligible buyers. Land ownership or land equity may also reduce the amount of cash needed.
Can I use my land as a down payment?
Yes. If you already own your lot—or own part of it—the value of that land may count as equity toward your loan, helping reduce or eliminate a traditional cash down payment.
Will the home appraise like a site-built home?
Yes. Homes are appraised as real estate using comparable homes in the area, not as manufactured housing.
When do mortgage payments begin?
Typically, interest-only payments are made during construction. Full mortgage payments usually begin once the home is complete and the loan converts to permanent.