Financing
Latest Mortgage Rates
Financing a Shorten Home
To build a modular home you need to pay the dealer for the modules and the general contractor for his services. If you do not own a building lot, you need to purchase it as well.
Two typical sources of financing a new home are private funds, such as personal savings, an equity loan on another property, the sale of personal assets, or a family loan.
The second is a lending institution, usually a bank, credit union, or mortgage company.
The loan provides for a series of payments as work is completed. Once the local building inspector issues a certificate of occupancy and the lender agrees that the home is essentially complete, the lender pays off the construction loan and issues you a mortgage.
Pennsylvania Modular Home Finance
Shorten Homes can provide financing assistance through several mortgage companies and banks we work closely with to provide our customers with great rates.
If you should have more questions about the purchase and construction of a Shorten Home,
please contact us and we will be happy to assist you.