It is a common misconception that modular homes are harder to finance than site built. Whether you’re buying your first home or using your hard earned equity to move into your next one, there are several mortgage and financing products available for the modern home buyer.
While each person’s situation is unique, most banks, appraisers and insurance companies will treat modular homes the same way they do a site built home. Generally, if a home buyer would qualify for financing on a site built home, that same home buyer should also qualify for financing on a modular home.
The lender might choose to use a draw mortgage. Draw mortgages release money in phases as the project is completed. This is probably the most common financing option our lenders use. Often the bank (or lawyer) will pay out 85% of funds when the home arrives on site and the remaining 15% is released upon completion.
There are more financing options available today than ever. If you’re considering ...
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Today’s Modular Home Building Codes
Today’s building codes for modular homes are nothing like the mobile homes of the past.
Back in the 1970s, a mobile home was built to a less stringent code than is used today.
The norm back then was 2’x4’ exterior walls. That gets chilly in a Canadian winter!
Today, that home wouldn’t be allowed to leave the factory floor.
Whether the home is factory built, or site built, or using a combination of both methods - in
Alberta, the building code is the same for all building styles, no matter the method of
construction. Today’s modular homes, however, are almost always built to a higher quality
than more traditional building practices simply because modular home builders have to
meet more stringent standards.
First - our homes are inspected on the factory floor at every stage of production.
Then - independent third party inspectors spot check homes as they are being built, for code
compliance. When o ...
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Building Modular Gives Homeowners Quality With Style
We are often asked what styles of houses we can build. What many people don’t understand is
that modular housing is simply a method of construction – not a STYLE of house. Two stories;
bi-levels; duplexes; or commercial buildings…most modular home builders can build anything
‘on-site’ builders can do. Often we can build it with a price advantage, but always with increased
efficiencies & certainly with more environmentally friendly building practices. Whatever style of
home best suits your needs – we can build it. Here’s a great example:
How can we do this? Modular home builders continue to lead the way in housing innovations & green
building practice by building our homes in a factory and shipping the modules to site. Factory built
modules are monitored with ISO certified quality processes in a production facility where
employees don’t need to worry how ...
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The new website launched May 6 2011 features a completely redesigned look, innovative search tool that lets you search by style, bedrooms, bathrooms and square feet, and more. It has pictures of many homes and floor plans of over 170 different types of homes to browse through. The customer testimonial page lets people know how their customers feel about buying their home from Jandel Homes.
The website has a lot of areas with pertinent information for anyone looking for anything on the modular construction process. With an E-newsletter sign up for those who wish to keep up to date on anything to do with the modular construction process and the cutting edge customer login area with special access to anything a home buyer could need this website is loaded with features for everyone.
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