Are you wanting to build a modular home? Here’s some things you need to know.
With the growing housing crisis and latest changes to building regulations, modular homes are fast becoming a great option for clients.
Whether it’s your first home, investment property or even granny flat, modular builders across Australia have great affordable options.
Unfortunately, there aren’t many lenders who will lend for a modular home build, or they have set guidelines to how finance is provided.
– Most lenders don’t see it as suitable security and won’t look at it until it’s built and, on the land
– Some lenders will allow you to get a formal approval, but won’t pay the builder until completion
– If you have more than 20% deposit you may be able to get at least one progressive payment paid by the lender during the build
How we can help-
We work closely with many modular home companies to assist with finance solutions to help you get into your home sooner. These relationships assist us to ensure both builder, lender and you are kept in the loop with the process. We know about Government Grant and scheme regulations for modular homes. We work closely with the Lenders who are modular finance friendly. We want to see you in your dream home, so we are happy to work on whatever solution to help you achieve your goals.That’s why, having Your Finance Broker on your side can help you find the right lender, with the right finance option for you.
Reach out if you would like some of our favourite Modular companies contact details or most importantly if you are looking for finance options.
After being knocked back by many lenders due to wanting to build a modular home, we were referred to Teressa from our builder. Teressa was so knowledgeable, put our mind at ease and was definitely the expert in modular home finance. We got our first home build and are so grateful. Highly recommend not wasting time going to lenders and just go straight to the expert.
