Financing a modular home is a big part of making your new home a reality—and for many buyers, it’s one of the first questions that comes up. At Tri-County Homes, we understand how important it is to find the right financing solution that fits your timeline and budget.
While we’re not a lender, we’ve worked with hundreds of buyers over the years and can point you toward common financing paths that have worked well for others. Whether you're exploring construction-to-permanent loans, VA options, or traditional mortgages, we can help you understand what to expect and how to prepare.
Our goal is to support your homebuying journey, not just with design and construction, but with helpful guidance on the financial steps along the way.
Modular homes are considered real property, just like site-built homes, which means they qualify for many of the same mortgage options. If you're financing your modular home, you can typically apply for a conventional mortgage, FHA, VA, or USDA loan, depending on your eligibility and location.
Most buyers use a construction-to-permanent loan, which covers both the building phase and the long-term mortgage in one process. During construction, funds are released in stages (known as draws) as different parts of your modular home are completed and installed.
Loan approval depends on several factors, including:
Tri-County Homes is not a lender, but we work closely with buyers throughout the financing process and can help you understand what lenders typically need. We can also connect you with mortgage providers familiar with modular construction to make your financing experience smoother.
Financing a modular home is similar to financing any traditional home. In most cases, buyers can pursue common mortgage options—depending on their eligibility, credit profile, and lender offerings.
These are the most common mortgages offered by banks and credit unions. Approval is typically based on your credit score, income, debt-to-income ratio, and the down payment amount.
Backed by the Federal Housing Administration, FHA loans are often chosen by first-time buyers. They feature more flexible credit requirements and lower down payment thresholds than conventional loans.
Eligible veterans and active-duty service members may qualify for VA loans through approved lenders. These loans often require no down payment and have favorable terms for qualified applicants.
This loan type covers both the construction phase and the final mortgage in one package. Payments are typically made in stages as the home is built, then the loan converts into a traditional mortgage upon completion.
While Tri-County Homes does not offer financing directly, we’re here to help explain your options and connect you with lenders experienced in modular home construction.
|
Loan Type
|
Best For
|
Down Payment
|
Key Features
|
|---|---|---|---|
| Conventional Loan | Buyers with good credit | Typically 5%–20% | Widely available, competitive rates, higher credit standards |
| FHA Loan | First-time or lower-credit buyers | As low as 3.5% | Flexible credit requirements, government-backed, mortgage insurance required |
| VA Loan | Eligible veterans/military members | 0% (if eligible) | No down payment, no PMI, favorable terms for qualified applicants |
| USDA Loan | Buyers in rural areas | 0% (if eligible) | Location- and income-based, low rates, government-backed |
| Construction-to-Permanent | Modular home buyers building new | Varies (often 5%–20%) | Covers both construction and mortgage in one loan, draws paid during construction |
When applying for financing on a modular home, lenders evaluate many of the same criteria used for site-built homes. While Tri-County Homes does not issue loans directly, we’re familiar with what lenders often consider when reviewing applications—and we’re here to help you prepare.
Here are some of the most common factors that may affect loan eligibility:
Every lender has its own criteria, so your best first step is to speak with a mortgage professional. At Tri-County Homes, we’re happy to share insights and support your journey by answering questions about the building side—while you work with a lender to secure the right financing path.
Financing a modular home involves more than just picking a loan—it’s about being prepared with the right documents, expectations, and team. While Tri-County Homes doesn’t offer financing directly, we’ve guided many homebuyers through the process and are here to help you feel confident from the start.
Here are some of the most common factors that may affect loan eligibility:
Here are a few helpful steps to take before speaking with a lender:
Most lenders will want recent pay stubs, two years of tax returns, and a credit report. Having these ready can speed up the approval process.
A modular home purchase includes more than just the house—be sure to account for land, delivery, foundation, utilities, and site work when calculating your full project cost.
Not all lenders handle modular or construction-to-permanent loans. Seek out one with experience in this area for a smoother process and clearer expectations.
Pre-approval helps define your financing range early and gives you a realistic idea of what’s possible before finalizing home plans or selecting land.
Tri-County Homes will work directly with your lender to provide home specs, timelines, and any necessary documentation to keep your financing and construction process aligned.
When you're prepared and partnered with the right lender, financing your modular home becomes far more manageable—and we're here to support you every step of the way.
While Tri-County Homes doesn’t issue loans, we do everything we can to make financing your modular home smoother and less overwhelming. From accurate pricing to lender referrals, we’re here to help you feel confident throughout the process.
We start with clarity. Every home quote from Tri-County includes detailed pricing for your chosen floor plan, custom options, delivery, and site-related work. There are no vague estimates—just honest numbers that help you and your lender understand the full financial picture.
Need help finding a lender? We work with several banks and credit unions familiar with modular and construction-to-permanent loans. If you’re looking for a financing partner who understands how these projects are structured, we’re happy to point you in the right direction.
And once you’re working with a lender, we’re available to provide the documents and specs they may need—like home plans, site prep details, or build timelines. Our goal is to make your financing process as informed and efficient as possible.
At every stage, Tri-County offers the same support and transparency we bring to the homebuilding experience—so you can move forward with clarity and peace of mind.
At Tri-County Homes, we understand that financing a modular home can raise a lot of questions—and we’re here to help. Whether you're exploring your options or ready to move forward, our team can walk you through home pricing, upgrade costs, and what to expect when talking to lenders.
We’re not a lender, but we can connect you with professionals familiar with modular and construction-to-permanent loan options. You’ll get honest answers, clear estimates, and support every step of the way.
Yes. Modular homes are treated as real property when permanently affixed to a foundation, so they typically qualify for traditional mortgages like conventional, FHA, VA, and USDA loans.
It depends on the lender. Some lenders require land ownership upfront, while others allow the land purchase to be included in the financing package.
This type of loan covers both the construction phase and the long-term mortgage. Funds are released in stages as the home is built, then the loan converts into a standard mortgage when the project is complete.
Not usually. As long as the modular home meets code and is placed on a permanent foundation, lenders treat it similarly to a site-built home.
No. Tri-County Homes is not a lender, but we can refer you to mortgage providers experienced in modular and construction-to-permanent loans.
Lenders typically require recent pay stubs, tax returns, credit reports, and details about the land and home being financed.
Yes. Most lenders use comparable sales from similar modular or site-built homes in your area to appraise the value.
In many cases, yes. Construction-to-permanent loans often allow you to finance land, the home, and site work together.
Down payment requirements vary by loan type and lender. FHA loans may require as little as 3.5%, while conventional loans may require more.
Yes. Credit scores affect your loan eligibility and interest rates. Higher scores generally lead to better loan terms.
Yes. Some banks and credit unions have experience with modular construction and offer products tailored to this type of home purchase.
Yes, and it’s a smart first step. Pre-approval helps you understand your budget before selecting your floor plan and site.
We provide accurate pricing, home specs, and documentation your lender may need. We also refer buyers to experienced financing partners.
Yes. Most lenders require modular homes to be placed on permanent foundations to qualify for traditional mortgages.
Possibly. Some loan terms and down payment requirements differ for investment or secondary properties, depending on the lender.
