Financing
Secure Your Dream Home
Building a custom home is a significant investment, and we’re here to guide you through every step of the process. That includes helping you secure the funds necessary to make your vision a reality.
One of the most common questions we hear is, "Is financing a modular home different?" The answer is simple: No. Because our homes are built to the same local and state codes as site-built houses, banks and appraisers treat them exactly the same. You won't need a special "mobile home" loan; you can qualify for standard modular home financing in Michigan, including conventional mortgages, VA loans, and FHA loans.
How It Works: The Construction Loan
Unlike buying an existing house, building a new home typically requires a "construction-to-permanent" loan. This type of loan pays for the cost of building a modular home in stages (called "draws") as construction progresses. Once your home is complete and you move in, the loan converts into a standard mortgage. It’s a streamlined way to handle the finances without needing two separate closings.
Trusted Local Lenders
We have built strong relationships with lenders who understand the value and quality of Ritz-Craft homes. Specifically, we work closely with Nicolet Bank here in Lewiston. They know our process inside and out, which can make the approval and draw process much smoother for you.
Of course, you’re welcome to use any lender you prefer. Our goal is to ensure you feel comfortable and confident in your financial decisions. If you’re looking for affordable modular homes in Michigan and need help figuring out your budget, let’s sit down and discuss your options.
Ready to get pre-qualified? Contact us today, and we'll put you in touch with a lending expert who can help you get started.
Nicolet Bank - Lewiston | NMLS ID# 411069 | Equal Housing Lender