Funding

Financial FAQs

1. Is there a difference between how financial institutions treat mortgage applications for modular homes and conventional homes built onsite? Not all mortgage advisors are familiar with Pro-Fab products. Some may confuse modular homes with kit homes or panelized homes, which financial institutions treat as a greater risk because it is more difficult to evaluate the costs and timeframe. Modular homes, especially Pro-Fab homes, are different. There’s such a tight level of project control that price and scheduling estimates made at the start of the project are just as reliable as estimates for conventional construction projects, if not more so. In other words, the more your advisor and financial institution know about modular construction, the better your application will be received.
2. What is the advantage of obtaining financing through an advisor referred by Pro-Fab? Pro-Fab has taken numerous steps to explain its business model and establish its credibility with financial institutions. The financial institutions we have built relationships with will be better equipped to process your application quickly and efficiently.