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Home World, Inc.
Home World, Inc.
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  • Building Packages
  • Floorplans
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  • Modular Home Specs.
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  • More
    • Home
    • About Us
    • Building Packages
    • Floorplans
    • Custom Homes
    • Financing
    • Building Add-Ons
    • Modular Home Specs.
    • Product Guide
    • Why Modular?
    • Gallery
    • Contact Us
    • Experience
    • Fire & Flood
    • FAQ
    • Savings
    • Testimonials
    • Service Area
  • Home
  • About Us
  • Building Packages
  • Floorplans
  • Custom Homes
  • Financing
  • Building Add-Ons
  • Modular Home Specs.
  • Product Guide
  • Why Modular?
  • Gallery
  • Contact Us
  • Experience
  • Fire & Flood
  • FAQ
  • Savings
  • Testimonials
  • Service Area

Financing

Financing Modular Homes

Construction Loans for Modular Homes

Construction loans for modular homes are similar to a conventional construction loan. The major difference between a site built home and a modular home construction loan is the number of draws and inspections require by the bank. The typical construction loan for a modular includes five draws. The first draw is often for the deposit of the home. Once the home is delivered and set on the foundation, the bank make an additional payment. Once the home is on the foundation, the bank will make payments for completion of the required tasks required to complete your home.


Financial Savings Building a Modular Home

An advantage of building modular home is the shorter construction period which can save you money on construction loan interest. Home World has been building modular homes for over thirty years and have relationships with both mortgage brokers and banks that can help you secure a construction mortgage to build your home in New Jersey, New York and Pennsylvania.

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Home World Inc.

The Mall at 206, 240 US-206 Suite #15, Flanders, NJ 07836

973-252-8887

Hours

Mon

09:00 am – 05:00 pm

Tue

09:00 am – 05:00 pm

Wed

09:00 am – 05:00 pm

Thu

09:00 am – 05:00 pm

Fri

09:00 am – 05:00 pm

Sat

By Appointment

Sun

By Appointment

  • About Us
  • Building Packages
  • Custom Homes
  • Modular Home Specs.
  • Product Guide
  • Why Modular?
  • Gallery
  • Contact Us
  • Experience
  • Fire & Flood
  • FAQ
  • Savings
  • Testimonials
  • Service Area

Home World Inc.

240 US Route 206, #15, Mount Olive, New Jersey 07836, United States

9732528887

Copyright © 2021 Home World Inc. - All Rights Reserved.

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