Financing
Let us help you find the right financing for your Manufactured or Modular Home!
At Sabine Home Center, we understand that buying a home is a major financial commitment. This awareness motivates us to provide a variety of financing options to help turn your dream home a reality. We offer solutions such as low-down payments, competitive interest rates, with flexible payment plans tailored to fit budget and needs for a smoother homeownership journey.
Buying a home is a significant milestone, and we're dedicated to making your experience seamless and stress-free as possible. Our team at Sabine Homes is here to assist you throughout the home process. While we don't act as, we collaborate with a range of national, regional, and local lenders to diverse financing options for manufactured and modular homes, accommodating all types of buyers.
Here’s a brief overview of some of the loan available through our lending partners:
Available Financing Options
1
FHA Loans
FHA loans are insured by the FHA and best suited for borrowers who don’t have a large down payment and that have less than perfect credit. Through our FHA loan programs, we can often qualify individuals who have had past credit challenges. We also can often assist buyers with higher debt to income ratios who have other strong compensating factors to help justify their ability to apply a higher percentage of their monthly income toward their housing payment.
To be eligible for FHA financing, the manufactured home you are purchasing must have been built after June 15, 1976 and be permanently fixed to a foundation.
2
VA Loan
We are proud to provide specialized VA loans for veterans looking for options for manufactured and modular homes. While many lenders do not offer VA loans for these types of homes, we are committed to connecting qualified veterans with lenders who do, provided they maintain a credit score of 620 or above.
A key benefit of our VA loans is that they can cover the entire loan amount, enabling veterans to secure financing any down payment, thus making homeownership more attainable.
3
Conventional Loans
A conventional loan refers to a type of mortgage that is not backed or insured by any government agency. This includes well-known organizations such as the Federal Housing Administration (FHA), the Farmers Home Administration (FmHA), and the Department of Veterans Affairs (VA). Unlike government-backed loans, conventional loans operate independently and often come with a fixed interest rate and consistent terms throughout the duration of the mortgage.
This means that borrowers can expect stability in their payments over time, without the influence of fluctuating rates or changing conditions.
