Congratulations on taking the first step toward realizing your dream of building a new Apex modular home – educating yourself on the financing available! There is no distinction between Apex homes and site-built homes as far as appraisal or financing; modular homes are “real property” according to banks and lending institutions. They treat both types of construction in the same manner. Likewise, there is no difference in insuring your modular home property.
Purchasing Your Apex Modular Home
Apex markets our homes through residential construction builders or developers, and we rely on these builders to assist homeowners in many areas including lot selection and site preparation.
When building a new home, one of the best programs available today is the construction-perm mortgage, which gives you the construction financing and permanent mortgage with only one approval process and one settlement.
Since not everyone has the same financial needs, the process starts with a call to a lender to determine what the maximum mortgage you qualify for, which gives you a budget to work with when planning and pricing your new home.
Below is Apex’s financing partner, who will get you started in the financing process.
Thomas E.Coronato (NMLS ID# 404587)
Home Lending Solutions – Mortgage
Construction Loan Specialist
Cell: (973) 229-7698