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 ...

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 our home leaves the factory ...