The first step in building or buying a new home is qualifying for financing. But, you may be putting off looking for financing for your new home because lending practices are so much more stringent. If you are interested in building a new modular home, you don’t need to put off financing any longer; you may qualify for a USDA home loan. The Rural Development department of the US Department of Agriculture offers Guaranteed Housing as a Home Financing Option for applicants for home ownership.
First created during the Great Depression in order to boost the national economy, USDA Home Loans were specifically designed so that more Americans could attain the American dream of home ownership.
Modular homes are custom designed homes that are built more efficiently than stick built homes through modular construction. HandCrafted Home Builders modular homes demand the finest craftsmanship and meet or exceed all of the local and state building codes. There are hundreds of beautiful standard modular home floor plans from which you can choose or you can custom design your own floor plan. Modular homes are financed and assessed the same as traditionally built homes.
The USDA Loan is the fastest growing home financing option for Americans. For the past 70 years, Rural Development has partnered with local banks and lenders to help Americans reach the American dream by by offering 100% Financing.
USDA Lending will always stands behind its promise to make the financing process as efficient and stress-free for all individuals. To find more about USDALending, click here.
For more information on modular homes from HandCrafted Home Builders, contact us.