Home: Home Buyers: Express Financing
Excel Homes has partnered with Premier Home Mortgage Inc. to offer you a financial tool that actually simplifies the home-buying process. Express Financing offers combined construction and FHA permanent financing for modular homes - with one qualification for the entire amount required to build your new home.
Take advantage of a streamline process consisting of just one application, one appraisal and one approval. And, you only have one set of documents to sign. You lock in your permanent mortgage rate up front, and don't have to make any monthly payments until your house is complete. We also have low down-payment requirements.
Express Financing provides these attractive features for the construction of your modular home:
- Down payment as low as 3.5%
- Land equity or gifted down payments accepted
- No payment during construction
- One-time approval, no additional documentation
- Credit score as low as 620 accepted
- Flexible qualifying options
- Pre-approval in 48 hours
Questions Frequently Asked of Our Lending Partner
You make no payments during the course of construction. Once your new home is completed and a use and occupancy and/or final completion certificate is issued, your mortgage payments will begin.