Mobile Home Loans
Mobile Home Loans
Why Buy a Modular Home
- Factory construction is faster and less expensive than building a new home from scratch.
- Option to add a basement or crawl space.
- Choice of different design features.
- Energy efficient, quality materials, and cutting-edge safety standards.
- Potential to hold its value or even raise in value in your real estate market.
What is A Mobile Home?
How to Get Mobile Home Financing
Mobile Home Construction Loan
This is our most popular type of mobile home financing. A Mobile Home Construction Loan provides financing for the costs associated with building and constructing your mobile home.
First Exchange Bank offers single-close construction loans for your modular or mobile home construction. Single-close loans cover all the short-term costs associated with construction and assembly. Once your new mobile home is complete and installed on-site, your construction loan automatically converts to a long-term mortgage loan. This gives you more convenience, less hassle, and the savings of only one closing with closing costs. Learn more about single-close construction loans.
*Subject to credit approval
Why Finance Your Mobile Home With First Exchange Bank?
As a longtime community bank serving North Central West Virginia, we have a relationship with many local modular home communities. Our experience in this area of home financing helps us guide you through the process for a smoother journey from application to closing. To learn more about your mobile home financing options, contact your local First Exchange Bank office in Morgantown, Mannington, White Hall, Hundred, Fairmont, Fairview, and beyond. If you’re ready to get started, you can apply online for a First Exchange Mortgage Loan.