Rourke Custom Homes will expertly guide you through every step of your home building experience, including financing options. If you don’t already have a bank or a mortgage lender, we’ve included a list of lenders that we’ve worked with below.

There are several financing options available for modular homes, including Conventional, FHA, VA, and USDA. Modular homes are classified the same as site-built homes and may require a construction loan to purchase.

Conventional loans

Conventional loans are the most common type of loan. Most banks, credit unions, and mortgage brokers offer them. 

VA loans

VA loans were created specifically for veterans. They cover up to 100% of the loan’s cost with no down payments.

Construction to permanent loans

Construction loans are combined with either FHA or conventional loans. For FHA loans, the terms are set during the construction process. For conventional loans, they are set after construction is completed.

FHA loans

The Federal Housing Administration offers and insures FHA loans. They are the best choice for borrowers who can’t make big down payments.

USDA loans

The US Department of Agriculture offers and guarantees USDA loans meant for rural development. They have no down payment requirements, and they will loan up to 102% of your home’s value.

Northeast Michigan lenders

Chemical Bank

Bobbie Kopko

Tawas Branch Manager


Alpena Alcona Area Credit Union

Sheila Pahl

Mortgage Originator


Northland Area Credit Union

Kris Hanson

Mortgage Solution Specialist

989-336-3238 Ext: 4203