Financing Options for Your Manufactured or Modular Home

Unless you're paying cash, you'll need to obtain a home mortgage loan to finance your new or pre-owned home. There are many loan options available to qualified buyers, but the financing process can be overwhelming and difficult to understand. Adding to that frustration are recent federal lending laws that came into effect which limit the role a manufactured or modular home dealer play in discussing lending options with their customers. (Click here to read about the Dodd Frank Act)

Fortunately, Frank's Home Place has provided an easy 1-2-3 Step Guide to help its customers get on the right road to successful home financing!  Follow the three easy steps below to get started! 

Buying a Home in 3 Easy Steps

Check Your Credit

Good credit is essential in getting the best financing for your new or pre-owned home. Start by getting a FREE copy of your credit report from or to make sure your credit history is correct and updated, and to see if you are credit-worthy enough to buy a home!

Talk to a Lender

One of the first things a buyer should do when considering buying a new home is to talk with a qualified home mortgage lender in their area. Frank's Home Place is happy to suggest qualified lenders in the area that are most likely to offer financing for your new or pre-owned manufactured or modular home. 

Set a Budget

Use this free, comprehensive mortgage calculator to determine how much in monthly mortgage payments you can comfortably afford! Having a home buying budget in mind BEFORE you start shopping can save you time AND money!

Can't Get a Home Because of Credit Problems?

Are credit problems preventing you from getting a home mortgage loan? We can help! Click the button below to learn more about how 360 Credit Consulting can help turn your credit around starting with a 


Down Payment Assistance

Down Payment Assistance Help Now Available!

If you are a first-time home buyer or military veteran and qualify for an NC Home Advantage Mortgage™, you may be eligible for $8,000 in downpayment assistance with the NC 1st Home Advantage Down Payment!

Visit NC Home Advantage for full details, or contact your preferred lender for more information! 

Mortgage Payment Help

Low Down Payment Mortgage Program!

Now you can buy a new home with 

Fannie Mae's NEW HomeReady™ program! 

The low down payment HomeReady® Mortgage is designed to help lenders confidently serve today’s credit-worthy low-income borrowers. 

Ideal HomeReady Borrowers

  • Low income
  • First-time or repeat homebuyers
  • Limited cash for down payment
  • Credit score ≥ 620; borrowers with credit scores ≥ 680 may get even better pricing
  • Supplemental boarder or rental income
  • Looking to purchase or refinance

Low Down Payment Mortgage Options

Estimate a Mortage Payment!

Estimate a mortgage payment on your dream home

 using 21st Mortgage's easy Payment Estimator Tool!

Military and VA Loans

Construction Advantage One Loan℠

Buy your lot, build your home, and finance your house with one easy step – the Construction Advantage One LoanSM from AAFMAA Mortgage Services LLC (AMS). We make it easier for service members and Veterans to build their dream home with ONE qualification, ONE loan closing, and up to ONE Hundred percent financing.

Additional benefits include being able to save time and money with a single closing instead of two. We also offer the option of no payments during the construction of the home and no requalification after the construction is complete. This product is VA-guaranteed, providing you with a traditional VA Home Loan after construction of the home is completed. You can also lock your interest rate prior to purchasing the lot.

This product is available to active duty servicemembers and Veterans with qualified credit and a minimum 640 FICO score. The home must be used as a primary residence and must be a one-unit, stick-build house, new manufactured or modular home. Whichever builder you decide to use, they must provide a one-year VA Builder’s warranty on the home and provide periodic inspections of the home while under construction.

There are many other government funded home loan options for those who serve in the military, or are veterans with a military service background. Your VA benefits may entitle you to be able to purchase a new home with little to NO MONEY DOWN!* Click the link below to explore your military VA loan options, or call us for more information!

*Qualified home buyers only. Other restrictions may apply. Talk with a qualified lender to discuss your options, or for more information.

Apply For a Home Mortgage Loan!

Get more information or apply securely online through any of the trusted lenders below. Click the lender logos below to get started!