Having financed the construction of thousands of modular homes, M&T has developed unique financing solutions to meet almost any customer need. Solutions that come with years of experience and a commitment to making modular home financing easy and affordable.
Below is information regarding M&T's construction financing programs. For additional information, or for answers to any questions you might have, contact M&T today at 888-539-1160.
M&T’s EasyBuild Construction Loan Program features:
• A wide range of end loans including fixed rate mortgages, adjustable rate mortgages, bi-weekly mortgages and jumbo loans
• Special financing for modular & log homes, including pre-curbside funding
• Permanent interest rate protection options that provide you with peace-of-mind
• Lot Loans for when you find the right place, but not the right home
• A Mortgage Pre-Approval Program to help you determine how much you can afford, and what your payments will be – before you commit to a plan
• Experienced mortgage consultants. When you come to M&T, you won’t just get a loan. We’ll help you understand the modular home building process, making you a more informed buyer, which can save you time and money*
One Close Construction Financing
With M&T’s One Close Construction Loan, a single loan can fund the construction of your new modular home and then become a permanent mortgage. This offers many benefits including:
• Reduced cash needed to close
• Less paperwork
• Peace of mind, because permanent mortgage financing is finalized prior to construction, so you can build a home with confidence
Interest Rate Protection
Build With Peace Of mind
M&T offers permanent mortgage interest rate options that can provide you with peace of mind, whatever your interest rate expectations are.
Float An Interest Rate
You may decide to float your permanent mortgage rate during the construction of your modular home. A floating rate is one that has not been set and will change daily with M&T’s pricing. You can “lock,” or set your interest rate, at any time during the construction of your home.
Lock With Optional Float Down Option
If you would like greater peace of mind, you can lock your interest rate and take advantage of an optional float down feature anytime during the construction of your home. If M&T’s rates fall below your “locked” interest rate, you can float down your rate to current rates.**
Lock With Optional And Automatic Float Down Options
You can also add a single automatic float down feature to your loan. With this feature, should M&T’s rate for your loan at the completion of construction be lower than your “locked” rate, M&T will automatically float down your loan rate to the lower rate.***
Get Pre-Qualified Today!
M&T has the experience you need to ensure financing your modular home is easy and affordable. We offer our Get Pre-Qualified website feature without fees or obligations. Or you can call 1.888.539.1160 today and an M&T customer service representative will be glad to assist you.
To estimate how much you may be able to afford, click here to utilize one of our calculators!
*M&T does not endorse specific builders or lots, nor does M&T make representations regarding the quality of any builder’s work or materials. M&T advocates the value of homebuyers educating themselves regarding the modular home building process.
**With this option, there is a fee payable each time a buyer floats down.
***With this option, there is no additional costs to a buyer at the time their rate automatically floats down.
Certain conditions and restrictions apply. Programs subject to change or discontinuation without notice.
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