Do I Start with a Lot Loan?
Do I Start with a Construction Loan?
How do I finance my brand new modular home?
Financing your modular home doesn’t have to be complicated — in fact, most buyers are pleasantly surprised by how many great loan options are available. When your modular home is built to residential codes and placed on a permanent foundation, it can qualify for many of the same financing programs as a traditional site‑built home. That means more flexibility, more choices, and more ways to make your dream home a reality.
💰 Popular Financing Options
Each option begins with a Guided Link so customers can explore more details instantly.
Conventional mortgages — A familiar and straightforward choice. Many modular homes qualify for standard 15‑ or 30‑year mortgages, giving buyers predictable payments and competitive rates.
FHA loans — Ideal for buyers who want lower down payments or more flexible credit requirements. FHA programs can make homeownership more accessible.
VA loans — Eligible veterans and service members can enjoy exceptional benefits, including the possibility of no down payment and favorable terms.
USDA rural loans — For homes in qualifying rural areas, USDA loans offer attractive low‑ or no‑down‑payment options that make moving into a modular home even easier.
Construction‑to‑permanent loans — Perfect for modular homes that require on‑site assembly or foundation work. This single loan covers construction and then automatically converts into a long‑term mortgage once your home is complete.
In‑house financing & local lenders — Some builders and local banks offer convenient land‑plus‑home financing packages. These can simplify the process and help buyers compare options quickly.
🌱 Easy Steps to Secure the Best Financing
Confirm your home’s classification Ensuring your home is titled as real property unlocks the widest range of loan programs.
Ask about construction‑to‑perm loans If your lender needs to fund the build and installation, this option keeps everything streamlined from start to finish.
Compare lenders Reviewing quotes from banks, credit unions, mortgage lenders, and builder‑offered financing helps you find the best rate and terms.
Review program details Ask about down payments, interest rates, loan‑to‑value limits, appraisal requirements, and any builder approvals needed.
Here are a few lenders that you can talk to:
Lender 1:
Rajesh Bhavnani
VP of Originations
NMLS # 2513002
Direct: (424) 484-9978
Office: (877) 885-0111
2824 So. Robertson Blvd.
Los Angeles, CA 90034
Specializing in vacant land “Lot Loans” and Modular “Construction Loans”.
Lender 2:
Mortgage Loan Originator
NMLS # 256946
Mobile: (619) 954-7816
Office: (858) 429-4654
3838 Camino Del Rio North, Suite 305,
San Diego, CA 92108
Lender 3:
Ricardo Ramos
NMLS 259643
Non producing Branch Manager
Supreme Lending
2936 Hilltop Mall Rd Richmond Ca
(510) 501-5185
(800) 600-6326
Map Addresses Are Intentionally Approximate to Protect the Privacy of our Clients.