Funding Your Build

Funding Your Build

Finding the right lender for your new modular build can seem overwhelming at first, but there are only a few simple steps to get on the right track. If you’re planning to finance, you’ll likely begin the conversation with the term “construction loan.”

Construction loans are designed to finance the cost of constructing a new home or building project. Generally, these loans are short-term but can convert to long-term after construction is complete. The key words to discuss with your local lender are a “construction/disbursement” loan and “curbside funding.”

Your local builder is a great resource to help you navigate this based on your region. Once you’ve selected a lender, they will guide you along the pre-qualification process and beyond.