The Benefits of Modular Homes

Well designed, luxury, modular home | Investment Property | DSCR

Modular Homes have always been an affordable, practical, and convenient housing solution – and in the last decade, they have evolved to become a stylish, adaptable, and modern housing option in their own right. Modular homes are constructed to the same building codes and standards as traditional site-built homes. This means they are equally safe and structurally sound but more affordable than site-built homes because they are built in a factory and transported to the building site. This can save time and money on construction costs and can result in better cash flow for rentals. Modular homes are often more energy-efficient than site-built homes

This is because they are built with high-quality materials and construction techniques. Because modular homes are manufactured homes, architects and designers have approached styling creatively to elevate them from the stigma associated with the nomenclature.

You can get a 30 or 40-year DSCR mortgage for a 1 to 4-unit investment property based on its current or anticipated rental income. Loan amounts range from $150,000 to $3.5 million. To qualify, we’ll check your credit and require a down payment (or refi equity). No income or employment verification, no debt-to-income ratio, no tax returns, no financials needed. When financing Modular Homes, DSCR loans allow you to close the title in your personal name, trust name, or that of an LLC. A Modular Home is 1031 exchange eligible.

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Source: DSCRLender.com