Residential
Modular Home Loans
Dreaming of building a custom home without the lengthy construction delays and budget overruns? CMRE's Modular Home Loans offer a streamlined path to homeownership with competitive rates starting at 6.875%. We provide flexible financing options to help you build the modular home of your dreams.
Program Benefits
Competitive interest rates starting at 6.875% for qualified borrowers.
Faster construction timelines compared to traditional stick-built homes.
Potentially lower construction costs due to efficient manufacturing processes.
Customizable designs to fit your unique needs and preferences.
Financing available for both the modular home and the land.
Expert guidance throughout the entire loan process from CMRE's experienced team.
Program Highlights
Max LTV
97%
Min Credit Score
620
Max DTI
50%
Loan Amount Range
$75,000 - $1,000,000
Amortization Options
Eligible Properties
- Modular Homes (on permanent foundation)
- Single-Family Residences
Program Requirements
Income Documentation
- •Stable and verifiable income sources are required.
- •Sufficient income to cover mortgage payments, property taxes, and insurance.
- •Documentation may include pay stubs, W-2s, and tax returns.
- •Self-employed borrowers will need to provide additional documentation.
Asset Verification
- •Sufficient assets to cover down payment, closing costs, and reserves.
- •Acceptable asset types include savings accounts, checking accounts, and investment accounts.
- •Gift funds may be allowed with proper documentation.
- •Clear and verifiable asset statements are required.
Insurance & Title
- •Homeowners insurance policy required prior to closing.
- •Coverage must be sufficient to protect the full replacement value of the home.
- •Flood insurance may be required depending on the property's location.
- •Proof of insurance is required prior to loan funding.
Property Requirements
- •Minimum FICO score of 620 required.
- •A strong credit history demonstrates responsible financial management.
- •Review your credit report for any errors or discrepancies.
- •Lower interest rates may be available for borrowers with higher credit scores.
Application Process
Six simple steps from application to funding
Application
Complete our streamlined online application form with your financial information
Document Review
Submit required documentation for verification and processing
Pre-Approval
Receive conditional approval and loan terms based on your profile
Title & Escrow
Open escrow and complete title search and insurance requirements
Appraisal & Final Review
Property appraisal completed and final underwriting approval received
Funding
Sign final documents and receive your loan funds
Application
Complete our streamlined online application form with your financial information
Document Review
Submit required documentation for verification and processing
Pre-Approval
Receive conditional approval and loan terms based on your profile
Title & Escrow
Open escrow and complete title search and insurance requirements
Appraisal & Final Review
Property appraisal completed and final underwriting approval received
Funding
Sign final documents and receive your loan funds
Why Choose Custom Mortgage?
Your trusted partner in real estate financing
Extensive Experience
Over 25 years of proven expertise in mortgage lending and real estate financing
Comprehensive Loan Options
Wide range of programs from conventional to specialized non-QM and hard money solutions
Nationwide Coverage
Licensed in multiple states with the ability to fund loans across the country
Flexible Solutions
Customized financing options for unique situations that traditional lenders decline
Competitive Rates
Access to wholesale pricing and volume discounts passed directly to our clients
No Upfront Fees
Transparent pricing with no application fees or upfront costs to get started
Frequently Asked Questions
Modular homes are built to the same local and state building codes as traditional site-built homes, while manufactured homes are built to a federal HUD code. Modular homes are placed on a permanent foundation, while manufactured homes may or may not be. Modular homes typically appreciate in value like traditional homes, while manufactured homes may depreciate.
The down payment requirements for a modular home loan can vary depending on your credit score, loan program, and other factors. CMRE offers loan programs with down payments as low as 3%, making homeownership accessible to more people. Contact one of our loan officers to discuss your specific situation.
Yes, CMRE offers financing options that can cover both the purchase of the land and the construction of your modular home. Our loan programs are designed to streamline the process and provide you with a single loan for your entire project.
Sam K.
Senior Loan Strategist
With over 15 years in the mortgage industry, Sam specializes in complex jumbo and non-qm financing solutions, helping clients navigate unique financial landscapes.
NMLS #12345 | Certified Mortgage Advisor (CMA)
TESTIMONIALS
Success stories from families and investors across the nation who achieved their goals with CMRE.
"I've been working with Custom Mortgage and Real Estate for over five years now, and they've totally helped me get through a bunch of tricky transactions. Their team is super helpful all the way through, making sure everything goes off without a hitch. I seriously recommend Custom Mortgage to anyone who needs financing or a solid real estate broker."
RENE M
"I just worked with Custom Mortgage and Real Estate, and seriously, I can't recommend them enough. They have helped my family and me with a bunch of transactions, always receiving results that nobody else could. Their team is super responsive and really experienced, which made everything go through smoothly with no stress at all."
ARTHUR G
"As an investor in real estate and an agent, I totally count on Custom Mortgage and Real Estate for my deals since they've got loads of experience. They have these unique programs that I just can't find anywhere else, and it really gives me an advantage. After researching a number of companies, the offers from Custom Mortgage were the best out there."
