FAQ's for Financing


How are system-built homes priced?
Will my system-built or modular home qualify for traditional insurance and financing?
Do I need to be pre-approved by a lender before I discuss buying a home with Olde North State Homes and Realty LLC?
If I have bad credit can I qualify for a home?
Will my system-built home appraise like a site-built home?

How are system-built homes priced?

Home prices will depend immensely on the upgrades and amount of site work required for each home ordered. Our plan is to be competitively priced with other system-built home companies and offer value to site built alternatives. We must charge appropriately for our high quality product, service, and support.


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Will my system-built or modular home qualify for traditional insurance and financing?

Yes. Most all insurance companies and lenders view system-built homes the same as site-built homes. You should have as many options as someone buying or building a site-built home.


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Do I need to be pre-approved by a lender before I discuss buying a home with Olde North State Homes and Realty LLC?

It is helpful but not necessary. We can actually assist you in finding a source for financing your new home.


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If I have bad credit can I qualify for a home?

Possibly. Good credit is important to receive the best rate possible but there are many options available for homeowner’s. You should check with a mortgage office or broker to see what is available for you.


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Will my system-built home appraise like a site-built home?

Absolutely


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