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Updated about 4 years ago on . Most recent reply

User Stats

13
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4
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Max Kar
  • Investor
  • Ulster County
4
Votes |
13
Posts

Financing Container Home

Max Kar
  • Investor
  • Ulster County
Posted

I want to build a container home in upstate NY. What are my options for financing it?

Most Popular Reply

User Stats

51
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38
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Michael Frank
  • Specialist
  • San Francisco, CA
38
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51
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Michael Frank
  • Specialist
  • San Francisco, CA
Replied

[Warning - i'm not a mortgage broker, but based on my experience....] 

One can definitely finance many container homes via banks or other construction lenders. The key thing is most banks need to approve the fabricator for container homes, its going to be similar than any other modular home where the bank either has to be cool with a different draw schedule or a the prefabricator (container company) has to be cool getting paid a little bit after they've completed their work.

But in most cases where the container company is legitimate, I think one can find options. 

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